Hallmark Financial Services Stock Forecast
Stronger technical forecast for Hallmark Financial Services stock price after Friday trading.
(Updated on Apr 26, 2024)
The Hallmark Financial Services stock price fell by -4.20% on the last day (Friday, 26th Apr 2024) from $0.679 to $0.650. During the last trading day the stock fluctuated 0% from a day low at $0.650 to a day high of $0.650. The price has fallen in 5 of the last 10 days and is down by -7.14% for this period. Volume has increased on the last day by 101 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 101 shares were bought and sold for approximately $65.65 .
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.26% during the next 3 months and, with a 90% probability hold a price between $0.465 and $0.800 at the end of this 3-month period.
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HALL Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hallmark Financial Services stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.679 and $0.762. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Hallmark Financial Services gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Hallmark Financial Services stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: $0.616 (-5.26%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (HALL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Hallmark Financial Services to open at $0.650, and during the day (based on 14 day Average True Range), to move between $0.609 and $0.691, which gives a possible trading interval of +/-$0.0414 (+/-6.37%) up or down from last closing price. If Hallmark Financial Services takes out the full calculated possible swing range there will be an estimated 12.74% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.716, some $0.0660 (10.15%) from the current price of $0.650, our system finds the risk reward not very attractive.
Is Hallmark Financial Services stock A Buy?
Hallmark Financial Services holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Hallmark Financial Services of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$0.650 ( 0%) | $0.650 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HALL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.650 | . | |
R2 | 0.650 | . | ||
R1 | 0.650 | . | ||
Current price: | 0.650 | |||
Support | S1 | 0.650 | . | |
S2 | 0.650 | . | ||
S3 | 0.650 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.81 | 24.92 % | |
R2 | 0.81 | 24.62 % | ||
R1 | 0.716 | 10.15 % | ||
Current price | 0.650 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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