The Hackett Group Stock Forecast
Green day on Thursday for The Hackett Group
(Updated on May 02, 2024)
The The Hackett Group stock price gained 0.320% on the last trading day (Thursday, 2nd May 2024), rising from $21.89 to $21.96. During the last trading day the stock fluctuated 1.15% from a day low at $21.82 to a day high of $22.07. The price has been going up and down for this period, and there has been a -2.27% 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, 8 thousand more shares were traded than the day before. In total, 82 thousand shares were bought and sold for approximately $1.80 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $21.63 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.26% during the next 3 months and, with a 90% probability hold a price between $20.06 and $21.98 at the end of this 3-month period.
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HCKT Signals & Forecast
There are mixed signals in the stock today. The The Hackett Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $21.97 and $23.17. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.24%. 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 The Hackett Group stock
The Hackett Group finds support from accumulated volume at $21.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.250 (1.15%) between high and low. For the last week, the stock has had daily average volatility of 1.35%.
Our recommended stop-loss: $20.67 (-5.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (HCKT) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect The Hackett Group to open at $21.95, and during the day (based on 14 day Average True Range), to move between $21.57 and $22.35, which gives a possible trading interval of +/-$0.392 (+/-1.79%) up or down from last closing price. If The Hackett Group takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.89 (0.32%) than the resistance at $22.92 (4.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
The Hackett Group will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.380. We will update the financials statements for The Hackett Group, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.74% in the first trading day after earnings release.
Is The Hackett Group stock A Buy?
The Hackett Group 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: -0.219 Hold/Accumulate Unchanged
Predicted Opening Price for The Hackett Group of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $21.95 ( 0.0454%) | $21.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCKT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.20 | 1.09 % | |
| R2 | 22.10 | 0.658 % | ||
| R1 | 22.05 | 0.389 % | ||
| Current price: | 21.96 | |||
| Support | S1 | 21.85 | -0.480 % | |
| S2 | 21.80 | -0.749 % | ||
| S3 | 21.70 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.05 | 14.07 % | |
| R2 | 24.18 | 10.11 % | ||
| R1 | 22.92 | 4.37 % | ||
| Current price | 21.96 | |||
| Support | S1 | 21.89 | -0.319% | |
| S2 | 21.88 | -0.364% | ||
| S3 | 21.69 | -1.23% |
HCKT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 21, 2024 | Apr 05, 2024 | $0.110 | 0.472% |
| 2 | Nov 02, 2023 | Dec 21, 2023 | Jan 05, 2024 | $0.110 | 0.500% |
| 3 | Aug 08, 2023 | Sep 21, 2023 | Oct 06, 2023 | $0.110 | 0.463% |
| 4 | May 04, 2023 | Jun 22, 2023 | Jul 07, 2023 | $0.110 | 0.503% |
| 5 | Feb 16, 2023 | Mar 23, 2023 | Apr 07, 2023 | $0.110 | 0.595% |
FAQ
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