HealthStream Stock Forecast
A very strong day for HealthStream stock price on Tuesday
(Updated on Apr 23, 2024)
The HealthStream stock price gained 9.54% on the last trading day (Tuesday, 23rd Apr 2024), rising from $24.11 to $26.41. During the last trading day the stock fluctuated 9.11% from a day low at $24.60 to a day high of $26.84. The price has fallen in 6 of the last 10 days but is still up by 4.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 173 thousand more shares were traded than the day before. In total, 318 thousand shares were bought and sold for approximately $8.41 million.
Given the current short-term trend, the stock is expected to fall -8.33% during the next 3 months and, with a 90% probability hold a price between $21.89 and $24.21 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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HSTM Signals & Forecast
The HealthStream 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 $24.72 and $25.73. 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 10.09%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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).
Support, Risk & Stop-loss for HealthStream stock
HealthStream finds support from accumulated volume at $25.83 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 $2.24 between high and low, or 9.11%. For the last week, the stock has had daily average volatility of 4.30%.
Our recommended stop-loss: $25.39 (-3.88%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (HSTM) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect HealthStream to open at $25.95, and during the day (based on 14 day Average True Range), to move between $25.66 and $27.16, which gives a possible trading interval of +/-$0.746 (+/-2.82%) up or down from last closing price. If HealthStream takes out the full calculated possible swing range there will be an estimated 5.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.43 (0.08%) than the support at $25.83 (2.20%), 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 HealthStream 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 Sell to a Buy candidate.
Current score: 2.383 Buy Candidate Upgraded
Predicted Opening Price for HealthStream of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $25.95 ( 1.74%) | $26.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HSTM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.19 | 6.74 % | |
| R2 | 27.33 | 3.50 % | ||
| R1 | 26.81 | 1.50 % | ||
| Current price: | 26.41 | |||
| Support | S1 | 25.09 | -4.98 % | |
| S2 | 24.57 | -6.98 % | ||
| S3 | 23.71 | -10.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.13 | 2.73 % | |
| R2 | 26.66 | 0.95 % | ||
| R1 | 26.43 | 0.0757 % | ||
| Current price | 26.41 | |||
| Support | S1 | 25.83 | -2.20% | |
| S2 | 24.84 | -5.94% | ||
| S3 | 23.99 | -9.16% |
HSTM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 19, 2024 | Mar 08, 2024 | Mar 22, 2024 | $0.0280 | 0.106% |
| 2 | Oct 23, 2023 | Dec 08, 2023 | Dec 22, 2023 | $0.0300 | 0.110% |
| 3 | Jul 24, 2023 | Sep 15, 2023 | Sep 29, 2023 | $0.0250 | 0.116% |
| 4 | Apr 24, 2023 | Jun 09, 2023 | Jun 23, 2023 | $0.0250 | 0.104% |
| 5 | Feb 20, 2023 | Apr 14, 2023 | Apr 28, 2023 | $0.0250 | 0.101% |
FAQ
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