Hawkins Stock Forecast
Red day on Wednesday for Hawkins
(Updated on May 01, 2024)
The Hawkins stock price fell by -0.90% on the last day (Wednesday, 1st May 2024) from $75.77 to $75.09. During the last trading day the stock fluctuated 2.35% from a day low at $74.52 to a day high of $76.27. The price has been going up and down for this period, and there has been a 0.47% gain for the last 2 weeks. Volume has increased on the last day by 6 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, 86 thousand shares were bought and sold for approximately $6.46 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $73.92 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 22.53% during the next 3 months and, with a 90% probability hold a price between $90.57 and $102.25 at the end of this 3-month period.
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HWKN Signals & Forecast
There are few to no technical positive signals at the moment. The Hawkins stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $76.29 and $75.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -5.15%. 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.
Support, Risk & Stop-loss for Hawkins stock
Hawkins finds support from accumulated volume at $74.63 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.75 between high and low, or 2.35%. For the last week the stock has had daily average volatility of 2.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HWKN) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Hawkins to open at $75.29, and during the day (based on 14 day Average True Range), to move between $72.96 and $77.22, which gives a possible trading interval of +/-$2.13 (+/-2.84%) up or down from last closing price. If Hawkins takes out the full calculated possible swing range there will be an estimated 5.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $75.24 (0.20%) than the support at $74.63 (0.61%), 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 Hawkins stock A Buy?
The Hawkins stock holds several negative signals and despite the positive trend, we believe Hawkins will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.339 Sell Candidate Unchanged
Predicted Opening Price for Hawkins of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $75.29 ( 0.271%) | $75.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HWKN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 77.04 | 2.60 % | |
| R2 | 76.37 | 1.71 % | ||
| R1 | 75.96 | 1.16 % | ||
| Current price: | 75.09 | |||
| Support | S1 | 74.62 | -0.619 % | |
| S2 | 74.21 | -1.17 % | ||
| S3 | 73.54 | -2.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.13 | 1.39 % | |
| R2 | 76.08 | 1.32 % | ||
| R1 | 75.24 | 0.200 % | ||
| Current price | 75.09 | |||
| Support | S1 | 74.63 | -0.613% | |
| S2 | 74.62 | -0.626% | ||
| S3 | 74.45 | -0.85% |
HWKN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 31, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.160 | 0.230% |
| 2 | Nov 01, 2023 | Nov 16, 2023 | Dec 01, 2023 | $0.160 | 0.256% |
| 3 | Aug 02, 2023 | Aug 17, 2023 | Sep 01, 2023 | $0.160 | 0.254% |
| 4 | May 17, 2023 | Jun 01, 2023 | Jun 16, 2023 | $0.150 | 0.307% |
| 5 | Feb 01, 2023 | Feb 16, 2023 | Mar 03, 2023 | $0.150 | 0.356% |
FAQ
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