Hallmark Financial Services Stock Forecast

Hallmark Financial Services stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)

HALL Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 4.38%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hallmark Financial Services stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.694 and $0.773. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Hallmark Financial Services stock

Hallmark Financial Services finds support from accumulated volume at $0.650 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". 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 3.90%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HALL) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Hallmark Financial Services to open at $0.679, and during the day (based on 14 day Average True Range), to move between $0.633 and $0.724, which gives a possible trading interval of +/-$0.0456 (+/-6.72%) up or down from last closing price. If Hallmark Financial Services takes out the full calculated possible swing range there will be an estimated 13.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.650 (4.20%) than the resistance at $0.716 (5.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hallmark Financial Services stock A Buy?

Hallmark Financial Services holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.825 Sell Candidate Upgraded

Predicted Opening Price for Hallmark Financial Services of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.