Healthcare Realty Trust Incorporated Stock Forecast
Green day on Monday for Healthcare Realty Trust Incorporated
(Updated on May 06, 2024)
The Healthcare Realty Trust Incorporated stock price gained 0.739% on the last trading day (Monday, 6th May 2024), rising from $14.88 to $14.99. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.79% from a day low at $14.87 to a day high of $15.29. The price has risen in 7 of the last 10 days and is up by 5.34% 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, 5 million more shares were traded than the day before. In total, 8 million shares were bought and sold for approximately $122.91 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Healthcare Realty Trust Incorporated stock with a 90% probability to be traded between $12.65 and $15.35 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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HR Signals & Forecast
Mostly positive signals in the chart today. The Healthcare Realty Trust Incorporated 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 $14.51 and $13.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 15.84%. 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 Healthcare Realty Trust Incorporated stock
Healthcare Realty Trust Incorporated finds support from accumulated volume at $14.36 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 $0.415 (2.79%) between high and low. For the last week, the stock has had daily average volatility of 2.52%.
Our recommended stop-loss: $14.49 (-3.36%) (This stock has low daily movements and this gives low risk. The RSI14 is 82 and this increases the risk substantially. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (HR) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Healthcare Realty Trust Incorporated to open at $15.05, and during the day (based on 14 day Average True Range), to move between $14.64 and $15.34, which gives a possible trading interval of +/-$0.350 (+/-2.34%) up or down from last closing price. If Healthcare Realty Trust Incorporated takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.09 (0.67%) than the support at $14.36 (4.20%), 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
Healthcare Realty Trust Incorporated will release earnings BMO 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 Healthcare Realty Trust Incorporated, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.64% in the first trading day after earnings release.
Is Healthcare Realty Trust Incorporated 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 Healthcare Realty Trust Incorporated stock to perform well in the short-term period.
Current score: 3.409 Buy Candidate Unchanged
Predicted Opening Price for Healthcare Realty Trust Incorporated of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $15.05 ( 0.389%) | $14.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.46 | 3.16 % | |
| R2 | 15.30 | 2.10 % | ||
| R1 | 15.21 | 1.45 % | ||
| Current price: | 14.99 | |||
| Support | S1 | 14.89 | -0.668 % | |
| S2 | 14.79 | -1.32 % | ||
| S3 | 14.63 | -2.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.75 | 5.07 % | |
| R2 | 15.59 | 4.00 % | ||
| R1 | 15.09 | 0.667 % | ||
| Current price | 14.99 | |||
| Support | S1 | 14.36 | -4.20% | |
| S2 | 14.23 | -5.07% | ||
| S3 | 13.57 | -9.47% |
HR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | May 23, 2024 | $0.310 | 2.07% |
| 2 | Feb 13, 2024 | Feb 23, 2024 | Mar 14, 2024 | $0.310 | 2.40% |
| 3 | Oct 30, 2023 | Nov 13, 2023 | Nov 30, 2023 | $0.310 | 2.03% |
| 4 | Aug 01, 2023 | Aug 14, 2023 | Aug 30, 2023 | $0.310 | 1.80% |
| 5 | May 02, 2023 | May 15, 2023 | Jun 02, 2023 | $0.310 | 1.62% |
FAQ
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