First Hawaiian Inc. Stock Forecast
First Hawaiian Inc. stock price ended at $22.11 on Friday, after gaining 0.0452%.
(Updated on May 10, 2024)
The First Hawaiian Inc. stock price gained 0.0452% on the last trading day (Friday, 10th May 2024), rising from $22.10 to $22.11. During the last trading day the stock fluctuated 1.30% from a day low at $21.89 to a day high of $22.18. The price has risen in 6 of the last 10 days and is up by 1.01% over the past 2 weeks. Volume fell on the last day by -162 thousand shares and in total, 264 thousand shares were bought and sold for approximately $5.84 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a weak 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 $22.32 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.68% during the next 3 months and, with a 90% probability hold a price between $21.25 and $22.92 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FHB Signals & Forecast
The First Hawaiian 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 $21.97 and $21.50. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -0.0452%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Wednesday, May 08, 2024 and based on theory for this formation the price should fall by -7.00% to $20.56 within 10 trading days since signal was issued (Monday, May 13, 2024).
Support, Risk & Stop-loss for First Hawaiian Inc. stock
First Hawaiian Inc. finds support from accumulated volume at $21.96 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 $0.285 between high and low, or 1.30%. For the last week, the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: $21.37 (-3.36%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (FHB) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect First Hawaiian Inc. to open at $22.06, and during the day (based on 14 day Average True Range), to move between $21.63 and $22.59, which gives a possible trading interval of +/-$0.479 (+/-2.17%) up or down from last closing price. If First Hawaiian Inc. takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.12 (0.05%) than the support at $21.96 (0.68%), 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 First Hawaiian 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 First Hawaiian Inc. stock to perform well in the short-term.
Current score: 2.093 Buy Candidate Unchanged
Predicted Opening Price for First Hawaiian Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $22.06 ( 0.234%) | $22.11 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FHB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.34 | 1.06 % | |
| R2 | 22.23 | 0.563 % | ||
| R1 | 22.17 | 0.259 % | ||
| Current price: | 22.11 | |||
| Support | S1 | 21.95 | -0.726 % | |
| S2 | 21.88 | -1.03 % | ||
| S3 | 21.77 | -1.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 22.21 | 0.452 % | ||
| R1 | 22.12 | 0.0452 % | ||
| Current price | 22.11 | |||
| Support | S1 | 21.96 | -0.678% | |
| S2 | 21.51 | -2.71% | ||
| S3 | 21.04 | -4.84% |
FHB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 17, 2024 | May 31, 2024 | $0.260 | 1.18% |
| 2 | Jan 24, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.260 | 1.25% |
| 3 | Oct 18, 2023 | Nov 17, 2023 | Dec 01, 2023 | $0.260 | 1.27% |
| 4 | Jul 19, 2023 | Aug 18, 2023 | Sep 01, 2023 | $0.260 | 1.35% |
| 5 | Apr 26, 2023 | May 19, 2023 | Sep 01, 2023 | $0.260 | 1.35% |
FAQ
Click here for our free guide on how to buy First Hawaiian Inc. Stock.
