Herc Holdings Inc. Stock Forecast
Herc Holdings Inc. stock downgraded from Strong Buy Candidate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The Herc Holdings Inc. stock price fell by -1.00% on the last day (Thursday, 28th Mar 2024) from $170.00 to $168.30. During the last trading day the stock fluctuated 2.08% from a day low at $167.51 to a day high of $171.00. The price has risen in 8 of the last 10 days and is up by 7.12% over the past 2 weeks. Volume has increased on the last day by 18 thousand 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, 206 thousand shares were bought and sold for approximately $34.67 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $170.42 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 17.81% during the next 3 months and, with a 90% probability hold a price between $181.75 and $200.77 at the end of this 3-month period.
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HRI Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -1.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Herc Holdings Inc. 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 $166.94 and $157.33. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Thursday, December 07, 2023 in the long-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.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, December 07, 2023 in the long-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 Herc Holdings Inc. stock
Herc Holdings Inc. finds support from accumulated volume at $162.89 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.49 between high and low, or 2.08%. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: $163.45 (-2.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HRI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Herc Holdings Inc. to open at $168.94, and during the day (based on 14 day Average True Range), to move between $163.96 and $172.64, which gives a possible trading interval of +/-$4.34 (+/-2.58%) up or down from last closing price. If Herc Holdings Inc. takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $168.81 (0.30%) than the support at $162.89 (3.21%), 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 Herc Holdings Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Herc Holdings Inc. stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.841 Buy Candidate Downgraded
Predicted Opening Price for Herc Holdings Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$168.94 ( 0.378%) | $168.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HRI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 172.43 | 2.45 % | |
R2 | 171.09 | 1.66 % | ||
R1 | 170.27 | 1.17 % | ||
Current price: | 168.30 | |||
Support | S1 | 167.60 | -0.414 % | |
S2 | 166.78 | -0.90 % | ||
S3 | 165.45 | -1.70 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 170.00 | 1.01 % | ||
R1 | 168.81 | 0.303 % | ||
Current price | 168.30 | |||
Support | S1 | 162.89 | -3.21% | |
S2 | 156.49 | -7.02% | ||
S3 | 141.19 | -16.11% |
HRI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2024 | Feb 20, 2024 | Mar 07, 2024 | $0.665 | 0.417% |
2 | Dec 01, 2023 | Dec 08, 2023 | Dec 26, 2023 | $0.633 | 0.418% |
3 | Aug 04, 2023 | Aug 17, 2023 | Sep 01, 2023 | $0.632 | 0.472% |
4 | May 12, 2023 | May 25, 2023 | Sep 01, 2023 | $0.633 | 0.473% |
5 | Feb 08, 2023 | Feb 21, 2023 | Mar 09, 2023 | $0.633 | 0.469% |
FAQ
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