HireRight Holdings Corporation Stock Forecast
Green day on Tuesday for HireRight Holdings Corporation stock after gaining 0.209%
(Updated on May 21, 2024)
The HireRight Holdings Corporation stock price gained 0.209% on the last trading day (Tuesday, 21st May 2024), rising from $14.32 to $14.35. During the last trading day the stock fluctuated 0.420% from a day low at $14.29 to a day high of $14.35. The price has been going up and down for this period, and there has been a -0.07% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 97 thousand more shares were traded than the day before. In total, 187 thousand shares were bought and sold for approximately $2.68 million.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect HireRight Holdings Corporation stock with a 90% probability to be traded between $14.48 and $14.58 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.
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HRT Signals & Forecast
The HireRight Holdings Corporation 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 $14.33 and $14.30. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.0696%. 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).
Support, Risk & Stop-loss for HireRight Holdings Corporation stock
HireRight Holdings Corporation finds support from accumulated volume at $14.27 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 $0.0600 between high and low, or 0.420%. For the last week the stock has had daily average volatility of 0.217%.
Our recommended stop-loss: $13.54 (-5.61%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 68 days ago.)
Trading Expectations (HRT) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect HireRight Holdings Corporation to open at $14.33, and during the day (based on 14 day Average True Range), to move between $14.31 and $14.39, which gives a possible trading interval of +/-$0.0409 (+/-0.29%) up or down from last closing price. If HireRight Holdings Corporation takes out the full calculated possible swing range there will be an estimated 0.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.36 (0.07%) than the support at $14.27 (0.56%), 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.
Earnings coming up
HireRight Holdings Corporation will release earnings BMO on Friday, May 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.210. We will update the financials statements for HireRight Holdings Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.28% in the first trading day after earnings release.
Is HireRight Holdings Corporation 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 HireRight Holdings Corporation stock to perform well in the short-term period.
Current score: 2.233 Buy Candidate Unchanged
Predicted Opening Price for HireRight Holdings Corporation of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| $14.33 ( 0.139%) | $14.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HRT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.39 | 0.279 % | |
| R2 | 14.37 | 0.119 % | ||
| R1 | 14.35 | 0.0203 % | ||
| Current price: | 14.35 | |||
| Support | S1 | 14.31 | -0.299 % | |
| S2 | 14.29 | -0.398 % | ||
| S3 | 14.27 | -0.557 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 14.36 | 0.0697 % | ||
| Current price | 14.35 | |||
| Support | S1 | 14.27 | -0.557% | |
| S2 | 14.24 | -0.767% | ||
| S3 | 14.16 | -1.32% |
FAQ
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