Bank Of Hawaii Corporation Stock Forecast
Bank Of Hawaii Corporation stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Bank Of Hawaii Corporation stock price gained 1.34% on the last trading day (Friday, 28th Jun 2024), rising from $16.46 to $16.68. During the last trading day the stock fluctuated 3.21% from a day low at $16.21 to a day high of $16.73. The price has risen in 8 of the last 10 days and is up by 5.97% over the past 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 11 thousand shares were bought and sold for approximately $178.83 thousand. 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 has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $16.49 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $17.37 sometime during the next 3 months.
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BOH-PA Signals & Forecast
The Bank Of Hawaii 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 $16.41 and $16.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 6.85%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Thursday, May 23, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, May 23, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Bank Of Hawaii Corporation stock
Bank Of Hawaii Corporation finds support from accumulated volume at $16.32 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.520 between high and low, or 3.21%. For the last week the stock has had daily average volatility of 2.15%
Our recommended stop-loss: $16.14 (-3.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (BOH-PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Bank Of Hawaii Corporation to open at $16.54, and during the day (based on 14 day Average True Range), to move between $16.31 and $17.05, which gives a possible trading interval of +/-$0.367 (+/-2.20%) up or down from last closing price. If Bank Of Hawaii Corporation takes out the full calculated possible swing range there will be an estimated 4.40% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $16.32, some $0.360 (2.16%) from the current price of $16.68, our system finds the risk reward attractive.
Is Bank Of Hawaii Corporation stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Bank Of Hawaii Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.909 Buy Candidate Upgraded
Predicted Opening Price for Bank Of Hawaii Corporation of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $16.54 ( 0.84%) | $16.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOH-PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.06 | 2.28% |
| R2 | 16.86 | 1.09% |
| R1 | 16.74 | 0.352% |
| Price | 16.68 | |
| S1 | 16.34 | -2.03% |
| S2 | 16.22 | -2.77% |
| S3 | 16.02 | -3.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 16.68 | |
| S1 | 16.32 | -2.16% |
| S2 | 16.00 | -4.08% |
| S3 | 15.83 | -5.10% |
BOH-PA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | Apr 15, 2024 | May 01, 2024 | $0.274 | 1.70% |
| 2 | Jan 12, 2024 | Jan 12, 2024 | Feb 01, 2024 | $0.274 | 1.58% |
| 3 | Oct 16, 2023 | Oct 16, 2023 | Nov 01, 2023 | $0.274 | 2.06% |
| 4 | Jul 14, 2023 | Jul 14, 2023 | Aug 01, 2023 | $0.274 | 1.72% |
| 5 | Apr 13, 2023 | Apr 13, 2023 | May 01, 2023 | $0.274 | 1.81% |
FAQ
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