Heritage-Crystal Clean Stock Forecast
Heritage-Crystal Clean stock price down 0% on Monday
(Updated on Nov 06, 2023)
No changes to the price of Heritage-Crystal Clean stock on the last trading day (Monday, 6th Nov 2023). During the last trading day the stock fluctuated 0% from a day low at $45.51 to a day high of $45.51. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Heritage-Crystal Clean stock with a 90% probability to be traded between $45.47 and $46.24 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HCCI Signals & Forecast
The Heritage-Crystal Clean stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $45.51 and $45.42. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, August 24, 2023, and so far it has risen 1.11%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, September 25, 2023 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Heritage-Crystal Clean stock
Heritage-Crystal Clean finds support from accumulated volume at $45.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 0%
Our recommended stop-loss: $43.09 (-5.31%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (HCCI) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Heritage-Crystal Clean to open at $45.51, and during the day (based on 14 day Average True Range), to move between $45.48 and $45.54, which gives a possible trading interval of +/-$0.0322 (+/-0.07%) up or down from last closing price. If Heritage-Crystal Clean takes out the full calculated possible swing range there will be an estimated 0.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $45.35 (0.35%) than the resistance at $45.78 (0.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Heritage-Crystal Clean stock A Buy?
Heritage-Crystal Clean holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 Heritage-Crystal Clean of Tuesday, November 7, 2023
| Fair opening price November 7, 2023 | Current price |
|---|---|
| $45.51 ( 0%) | $45.51 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCCI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.51 | . | |
| R2 | 45.51 | . | ||
| R1 | 45.51 | . | ||
| Current price: | 45.51 | |||
| Support | S1 | 45.51 | . | |
| S2 | 45.51 | . | ||
| S3 | 45.51 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.15 | 1.41 % | |
| R2 | 46.00 | 1.08 % | ||
| R1 | 45.78 | 0.593 % | ||
| Current price | 45.51 | |||
| Support | S1 | 45.35 | -0.352% | |
| S2 | 45.27 | -0.527% | ||
| S3 | 45.01 | -1.10% |
FAQ
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