Healthcare Services Group Stock Forecast
Healthcare Services Group stock price ended at $10.82 on Friday, after gaining 1.22%.
(Updated on May 03, 2024)
The Healthcare Services Group stock price gained 1.22% on the last trading day (Friday, 3rd May 2024), rising from $10.69 to $10.82. It has now gained 3 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 3.39% from a day low at $10.49 to a day high of $10.84. The price has been going up and down for this period, and there has been a -9.38% loss for the last 2 weeks. Volume fell on the last day by -29 thousand shares and in total, 397 thousand shares were bought and sold for approximately $4.30 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 middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.06% during the next 3 months and, with a 90% probability hold a price between $9.69 and $13.52 at the end of this 3-month period.
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HCSG Signals & Forecast
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. The Healthcare Services Group stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $11.80. On a fall, the stock will find some support from the short-term average at $10.78. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -15.73%. 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 Healthcare Services Group stock
Healthcare Services Group finds support from accumulated volume at $10.62 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 $0.355 between high and low, or 3.39%. For the last week, the stock has had daily average volatility of 3.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HCSG) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Healthcare Services Group to open at $10.72, and during the day (based on 14 day Average True Range), to move between $10.47 and $11.17, which gives a possible trading interval of +/-$0.352 (+/-3.25%) up or down from last closing price. If Healthcare Services Group takes out the full calculated possible swing range there will be an estimated 6.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.62 (1.85%) than the resistance at $12.03 (11.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Healthcare Services Group stock A Buy?
The Healthcare Services Group stock holds several negative signals and despite the positive trend, we believe Healthcare Services Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.892 Sell Candidate Unchanged
Predicted Opening Price for Healthcare Services Group of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $10.72 ( 0.97%) | $10.82 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCSG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.07 | 2.31 % | |
| R2 | 10.93 | 1.06 % | ||
| R1 | 10.85 | 0.283 % | ||
| Current price: | 10.82 | |||
| Support | S1 | 10.58 | -2.22 % | |
| S2 | 10.50 | -3.00 % | ||
| S3 | 10.36 | -4.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.42 | 14.79 % | |
| R2 | 12.17 | 12.48 % | ||
| R1 | 12.03 | 11.18 % | ||
| Current price | 10.82 | |||
| Support | S1 | 10.62 | -1.85% | |
| S2 | 9.46 | -12.57% | ||
| S3 | 9.44 | -12.75% |
HCSG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 19, 2022 | Nov 17, 2022 | Dec 22, 2022 | $0.215 | 1.78% |
| 2 | Jul 20, 2022 | Aug 18, 2022 | Sep 23, 2022 | $0.214 | 1.66% |
| 3 | Apr 20, 2022 | May 19, 2022 | Jun 24, 2022 | $0.213 | 1.24% |
| 4 | Feb 09, 2022 | Feb 24, 2022 | Mar 25, 2022 | $0.211 | 1.20% |
| 5 | Oct 20, 2021 | Nov 18, 2021 | Dec 23, 2021 | $0.210 | 1.22% |
FAQ
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