Hamilton Lane Inc Stock Forecast

Red day on Thursday for Hamilton Lane Inc
(Updated on May 09, 2024)

HLNE Signals & Forecast

The Hamilton Lane Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $115.89. On a fall, the stock will find some support from the long-term average at approximately $112.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, May 06, 2024, and so far it has fallen -1.67%. Further fall is indicated until a new bottom pivot has been found. 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 Hamilton Lane Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $108.77 and $107.81. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hamilton Lane Inc finds support just below today's level at $108.77. If this is broken, then the next support from accumulated volume will be at $107.81 and $107.03.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.97 (1.71%) between high and low. For the last week, the stock has had daily average volatility of 1.89%.

Our recommended stop-loss: $112.12 (-3.21%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (HLNE) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Hamilton Lane Inc to open at $115.88, and during the day (based on 14 day Average True Range), to move between $113.36 and $118.32, which gives a possible trading interval of +/-$2.48 (+/-2.14%) up or down from last closing price. If Hamilton Lane Inc takes out the full calculated possible swing range there will be an estimated 4.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $116.95 (0.96%) than the support at $108.77 (6.10%), 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 Hamilton Lane Inc stock A Buy?

Hamilton Lane Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.953 Hold/Accumulate Unchanged

Predicted Opening Price for Hamilton Lane Inc of Friday, May 10, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.