Harleysville Financial Corp. Stock Forecast
Red day on Monday for Harleysville Financial Corp.
(Updated on Jun 24, 2024)
No changes to the price of Harleysville Financial Corp. stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $21.10 to a day high of $21.10. The price has been going up and down for this period, and there has been a 0.43% gain for the last 2 weeks.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $21.02 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Harleysville Financial Corp. stock with a 90% probability to be traded between $21.42 and $22.48 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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HARL Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has fallen 0%. 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 Harleysville Financial Corp. 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 $21.39 and $21.20. 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 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.
Support, Risk & Stop-loss for Harleysville Financial Corp. stock
Harleysville Financial Corp. finds support from accumulated volume at $21.05 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: $19.83 (-6.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (HARL) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Harleysville Financial Corp. to open at $21.10, and during the day (based on 14 day Average True Range), to move between $20.94 and $21.26, which gives a possible trading interval of +/-$0.164 (+/-0.78%) up or down from last closing price. If Harleysville Financial Corp. takes out the full calculated possible swing range there will be an estimated 1.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.05 (0.24%) than the resistance at $21.19 (0.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Harleysville Financial Corp. stock A Buy?
Harleysville Financial Corp. 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: 0.525 Hold/Accumulate Unchanged
Predicted Opening Price for Harleysville Financial Corp. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $21.10 ( 0%) | $21.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HARL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.10 | - |
| R2 | 21.10 | - |
| R1 | 21.10 | - |
| Price | 21.10 | |
| S1 | 21.10 | - |
| S2 | 21.10 | - |
| S3 | 21.10 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.70 | 2.84% |
| R2 | 21.35 | 1.18% |
| R1 | 21.19 | 0.427% |
| Price | 21.10 | |
| S1 | 21.05 | -0.237% |
| S2 | 21.01 | -0.427% |
| S3 | 20.75 | -1.66% |
HARL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 30, 2024 | May 15, 2024 | $0.310 | 1.43% |
| 2 | Jan 24, 2024 | Feb 06, 2024 | Feb 21, 2024 | $0.310 | 1.45% |
| 3 | Nov 28, 2023 | Nov 28, 2023 | Dec 13, 2023 | $1.20 | 5.45% |
| 4 | Oct 18, 2023 | Oct 31, 2023 | Nov 15, 2023 | $0.300 | 1.28% |
| 5 | Jul 19, 2023 | Aug 01, 2023 | Aug 16, 2023 | $0.300 | 1.28% |
FAQ
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