First Hawaiian Inc. Stock Forecast
First Hawaiian Inc. stock price ended at $22.21 on Wednesday, after gaining 1.14%.
(Updated on Apr 24, 2024)
The First Hawaiian Inc. stock price gained 1.14% on the last trading day (Wednesday, 24th Apr 2024), rising from $21.96 to $22.21. 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 3.56% from a day low at $21.50 to a day high of $22.27. The price has been going up and down for this period, and there has been a 4.67% gain for the last 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 751 thousand shares were bought and sold for approximately $16.68 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 stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $22.51 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect First Hawaiian Inc. stock with a 90% probability to be traded between $20.26 and $22.25 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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FHB Signals & Forecast
The First Hawaiian Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $21.21 and $21.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.18%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Tuesday, February 13, 2024 with a target of $21.38. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for First Hawaiian Inc. stock
First Hawaiian Inc. finds support from accumulated volume at $21.96 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 $0.765 (3.56%) between high and low. For the last week, the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: $21.48 (-3.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (FHB) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect First Hawaiian Inc. to open at $21.99, and during the day (based on 14 day Average True Range), to move between $21.68 and $22.74, which gives a possible trading interval of +/-$0.529 (+/-2.38%) up or down from last closing price. If First Hawaiian Inc. takes out the full calculated possible swing range there will be an estimated 4.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.29 (0.36%) than the support at $21.96 (1.13%), 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
First Hawaiian Inc. will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.420. We will update the financials statements for First Hawaiian Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.83% in the first trading day after earnings release.
Is First Hawaiian Inc. stock A Buy?
First Hawaiian 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: 0.089 Hold/Accumulate Unchanged
Predicted Opening Price for First Hawaiian Inc. of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $21.99 ( 0.98%) | $22.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FHB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.76 | 2.46 % | |
| R2 | 22.46 | 1.15 % | ||
| R1 | 22.28 | 0.333 % | ||
| Current price: | 22.21 | |||
| Support | S1 | 21.70 | -2.30 % | |
| S2 | 21.52 | -3.11 % | ||
| S3 | 21.23 | -4.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.77 | 2.52 % | |
| R2 | 22.76 | 2.48 % | ||
| R1 | 22.29 | 0.360 % | ||
| Current price | 22.21 | |||
| Support | S1 | 21.96 | -1.13% | |
| S2 | 21.69 | -2.34% | ||
| S3 | 21.04 | -5.27% |
FHB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 24, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.260 | 1.25% |
| 2 | Oct 18, 2023 | Nov 17, 2023 | Dec 01, 2023 | $0.260 | 1.27% |
| 3 | Jul 19, 2023 | Aug 18, 2023 | Sep 01, 2023 | $0.260 | 1.35% |
| 4 | Apr 26, 2023 | May 19, 2023 | Sep 01, 2023 | $0.260 | 1.35% |
| 5 | Jan 25, 2023 | Feb 16, 2023 | Mar 03, 2023 | $0.260 | 0.97% |
FAQ
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