First Hawaiian Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
First Hawaiian Inc. stock price ended at $21.09 on Tuesday, after losing 1.95%.
(Updated on Apr 30, 2024)
The First Hawaiian Inc. stock price fell by -1.95% on the last day (Tuesday, 30th Apr 2024) from $21.51 to $21.09. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.04% from a day low at $21.07 to a day high of $21.71. The price has been going up and down for this period, and there has been a 2.73% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -57 thousand shares and in total, 706 thousand shares were bought and sold for approximately $14.88 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect First Hawaiian Inc. stock with a 90% probability to be traded between $20.80 and $22.47 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
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. The First Hawaiian Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $21.77 and $21.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -5.04%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Wednesday, April 24, 2024 and based on theory for this formation the price should fall by -9.65% to $19.06 within 11 trading days since signal was issued (Wednesday, May 01, 2024).
Support, Risk & Stop-loss for First Hawaiian Inc. stock
First Hawaiian Inc. finds support from accumulated volume at $21.04 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 $0.640 (3.04%) between high and low. For the last week, the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: $19.90 (-5.65%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (FHB) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect First Hawaiian Inc. to open at $21.29, and during the day (based on 14 day Average True Range), to move between $20.54 and $21.64, which gives a possible trading interval of +/-$0.549 (+/-2.60%) up or down from last closing price. If First Hawaiian Inc. takes out the full calculated possible swing range there will be an estimated 5.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.04 (0.24%) than the resistance at $21.51 (1.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is First Hawaiian Inc. stock A Buy?
First Hawaiian Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.565 Hold/Accumulate Unchanged
Predicted Opening Price for First Hawaiian Inc. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $21.29 ( 0.95%) | $21.09 |
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 | 21.93 | 3.98 % | |
| R2 | 21.69 | 2.82 % | ||
| R1 | 21.53 | 2.11 % | ||
| Current price: | 21.09 | |||
| Support | S1 | 21.05 | -0.211 % | |
| S2 | 20.89 | -0.93 % | ||
| S3 | 20.65 | -2.09 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.96 | 4.13 % | |
| R2 | 21.69 | 2.84 % | ||
| R1 | 21.51 | 1.99 % | ||
| Current price | 21.09 | |||
| Support | S1 | 21.04 | -0.237% | |
| S2 | 20.95 | -0.664% | ||
| S3 | 20.53 | -2.66% |
FHB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 17, 2024 | May 31, 2024 | $0.260 | 1.23% |
| 2 | Jan 24, 2024 | Feb 15, 2024 | Mar 01, 2024 | $0.260 | 1.25% |
| 3 | Oct 18, 2023 | Nov 17, 2023 | Dec 01, 2023 | $0.260 | 1.27% |
| 4 | Jul 19, 2023 | Aug 18, 2023 | Sep 01, 2023 | $0.260 | 1.35% |
| 5 | Apr 26, 2023 | May 19, 2023 | Sep 01, 2023 | $0.260 | 1.35% |
FAQ
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