HealthStream Stock Forecast
Green day on Friday for HealthStream stock after gaining 0.220%
(Updated on May 17, 2024)
The HealthStream stock price gained 0.220% on the last trading day (Friday, 17th May 2024), rising from $27.33 to $27.39. During the last trading day the stock fluctuated 1.18% from a day low at $27.10 to a day high of $27.42. The price has risen in 7 of the last 10 days and is up by 1.33% 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, 12 thousand more shares were traded than the day before. In total, 65 thousand shares were bought and sold for approximately $1.77 million.
Given the current horizontal trend, you can expect HealthStream stock with a 90% probability to be traded between $23.48 and $26.97 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. 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
Mostly positive signals in the chart today. The HealthStream 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 $27.15 and $25.90. 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 14.17%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for HealthStream stock
HealthStream finds support from accumulated volume at $27.26 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 $0.320 between high and low, or 1.18%. For the last week, the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: $25.96 (-5.24%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (HSTM) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect HealthStream to open at $27.30, and during the day (based on 14 day Average True Range), to move between $26.84 and $27.94, which gives a possible trading interval of +/-$0.550 (+/-2.01%) up or down from last closing price. If HealthStream takes out the full calculated possible swing range there will be an estimated 4.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.46 (0.26%) than the support at $27.26 (0.47%), 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 and we conclude that the current level may hold a buying opportunity, as there is a fair chance for HealthStream stock to perform well in the short-term period.
Current score: 1.131 Buy Candidate Unchanged
Predicted Opening Price for HealthStream of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $27.30 ( 0.316%) | $27.39 |
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 | 27.62 | 0.85 % | |
| R2 | 27.50 | 0.406 % | ||
| R1 | 27.43 | 0.130 % | ||
| Current price: | 27.39 | |||
| Support | S1 | 27.18 | -0.763 % | |
| S2 | 27.11 | -1.04 % | ||
| S3 | 26.98 | -1.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 27.46 | 0.256 % | ||
| Current price | 27.39 | |||
| Support | S1 | 27.26 | -0.475% | |
| S2 | 27.13 | -0.95% | ||
| S3 | 26.41 | -3.58% |
HSTM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | May 03, 2024 | May 17, 2024 | $0.0280 | 0.102% |
| 2 | Feb 19, 2024 | Mar 08, 2024 | Mar 22, 2024 | $0.0280 | 0.106% |
| 3 | Oct 23, 2023 | Dec 08, 2023 | Dec 22, 2023 | $0.0300 | 0.110% |
| 4 | Jul 24, 2023 | Sep 15, 2023 | Sep 29, 2023 | $0.0250 | 0.116% |
| 5 | Apr 24, 2023 | Jun 09, 2023 | Jun 23, 2023 | $0.0250 | 0.104% |
FAQ
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