The Habit Restaurants Stock Forecast
Red day on Monday for The Habit Restaurants stock after losing 0%
(Updated on Mar 30, 2020)
No changes to the price of The Habit Restaurants stock on the last trading day (Monday, 30th Mar 2020). During the last trading day the stock fluctuated 0% from a day low at $13.98 to a day high of $13.98. The price has been going up and down for this period, and there has been a 2.04% gain for the last 2 weeks.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.86 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 7.22% during the next 3 months and, with a 90% probability hold a price between $14.86 and $15.57 at the end of this 3-month period.
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HABT Signals & Forecast
The The Habit Restaurants 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 $13.98 and $13.95. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, March 27, 2020, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, March 11, 2020 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 The Habit Restaurants stock
The Habit Restaurants finds support from accumulated volume at $13.95 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $13.42 (-3.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HABT) For The Upcoming Trading Day Of Tuesday 31st
For the upcoming trading day on Tuesday, 31st we expect The Habit Restaurants to open at $13.98, and during the day (based on 14 day Average True Range), to move between $13.90 and $14.06, which gives a possible trading interval of +/-$0.0750 (+/-0.54%) up or down from last closing price. If The Habit Restaurants takes out the full calculated possible swing range there will be an estimated 1.07% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $13.95, some $0.0300 (0.21%) from the current price of $13.98, our system finds the risk reward attractive.
Is The Habit Restaurants stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for The Habit Restaurants stock to perform well in the short-term.
Current score: 2.816 Buy Candidate Unchanged
Predicted Opening Price for The Habit Restaurants of Tuesday, March 31, 2020
Fair opening price March 31, 2020 | Current price |
---|---|
$13.98 ( 0.00000000%) | $13.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HABT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.98 | 0.00000000 % | |
R2 | 13.98 | 0.00000000 % | ||
R1 | 13.98 | 0.00000000 % | ||
Current price: | 13.98 | |||
Support | S1 | 13.98 | 0.00000000 % | |
S2 | 13.98 | 0.00000000 % | ||
S3 | 13.98 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 13.98 | |||
Support | S1 | 13.95 | -0.215% | |
S2 | 13.92 | -0.429% | ||
S3 | 13.91 | -0.501% |
FAQ
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