Home Bancorp Stock Forecast
Home Bancorp stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Home Bancorp stock price gained 1.39% on the last trading day (Wednesday, 24th Apr 2024), rising from $35.98 to $36.48. During the last trading day the stock fluctuated 2.04% from a day low at $35.75 to a day high of $36.48. The price has fallen in 7 of the last 10 days but is still up by 2.18% over the past 2 weeks. Volume fell on the last day by -480 shares and in total, 9 thousand shares were bought and sold for approximately $334.78 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 -9.30% during the next 3 months and, with a 90% probability hold a price between $30.24 and $35.42 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HBCP Signals & Forecast
The Home Bancorp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $35.02 and $35.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 8.57%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Home Bancorp stock
Home Bancorp finds support from accumulated volume at $35.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.730 between high and low, or 2.04%. For the last week the stock has had daily average volatility of 4.86%.
Our recommended stop-loss: $35.18 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (HBCP) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Home Bancorp to open at $36.24, and during the day (based on 14 day Average True Range), to move between $35.34 and $37.62, which gives a possible trading interval of +/-$1.14 (+/-3.12%) up or down from last closing price. If Home Bancorp takes out the full calculated possible swing range there will be an estimated 6.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.00 (1.43%) than the support at $35.40 (2.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Home Bancorp stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.178 Buy Candidate Upgraded
Predicted Opening Price for Home Bancorp of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $36.24 ( 0.667%) | $36.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBCP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.97 | 1.33 % | |
| R2 | 36.69 | 0.570 % | ||
| R1 | 36.52 | 0.0974 % | ||
| Current price: | 36.48 | |||
| Support | S1 | 35.96 | -1.43 % | |
| S2 | 35.79 | -1.90 % | ||
| S3 | 35.51 | -2.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.22 | 2.03 % | |
| R2 | 37.11 | 1.73 % | ||
| R1 | 37.00 | 1.43 % | ||
| Current price | 36.48 | |||
| Support | S1 | 35.40 | -2.96% | |
| S2 | 35.15 | -3.65% | ||
| S3 | 35.10 | -3.78% |
HBCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 26, 2024 | May 10, 2024 | $0.250 | 0.685% |
| 2 | Jan 22, 2024 | Feb 02, 2024 | Feb 16, 2024 | $0.250 | 0.665% |
| 3 | Oct 18, 2023 | Oct 27, 2023 | Nov 09, 2023 | $0.250 | 0.701% |
| 4 | Jul 17, 2023 | Jul 28, 2023 | Aug 11, 2023 | $0.250 | 0.714% |
| 5 | Apr 18, 2023 | Apr 28, 2023 | May 12, 2023 | $0.250 | 0.83% |
FAQ
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