Hasbro, Inc Stock Forecast
Hasbro, Inc stock downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Jun 19, 2024)
No changes to the price of Hasbro, Inc stock on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at £101.60 to a day high of £101.60. The price has fallen in 6 of the last 10 days and is down by -4.69% for this period.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.18% during the next 3 months and, with a 90% probability hold a price between £113.23 and £127.90 at the end of this 3-month period.
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HAS.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.395%. 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 Hasbro, 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 £102.39 and £101.63. 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 Hasbro, Inc stock
Hasbro, Inc finds support from accumulated volume at £97.05 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 1.70%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HAS.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Hasbro, Inc to open at £101.60, and during the day (based on 14 day Average True Range), to move between £99.40 and £103.80, which gives a possible trading interval of +/-£2.20 (+/-2.16%) up or down from last closing price. If Hasbro, Inc takes out the full calculated possible swing range there will be an estimated 4.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £103.50 (1.87%) than the support at £97.05 (4.48%), 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.
Is Hasbro, Inc stock A Buy?
The Hasbro, Inc stock holds several negative signals and despite the positive trend, we believe Hasbro, Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -1.518 Sell Candidate Downgraded
Predicted Opening Price for Hasbro, Inc of Thursday, June 20, 2024
Fair opening price June 20, 2024 | Current price |
---|---|
£101.60 ( 0.00000000%) | £101.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAS.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 101.60 | 0.00000000% |
R2 | 101.60 | 0.00000000% |
R1 | 101.60 | 0.00000000% |
Price | 101.60 | |
S1 | 101.60 | 0.00000000% |
S2 | 101.60 | 0.00000000% |
S3 | 101.60 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 107.80 | 6.10% |
R2 | 107.70 | 6.00% |
R1 | 103.50 | 1.87% |
Price | 101.60 | |
S1 | 97.05 | -4.48% |
S2 | 90.75 | -10.68% |
S3 | 90.50 | -10.93% |
HAS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Feb 29, 2024 | Apr 09, 2024 | £0.95 | 0.98% |
2 | Oct 05, 2023 | Oct 05, 2023 | Nov 17, 2023 | £2.24 | 2.13% |
3 | Feb 23, 2023 | Mar 02, 2023 | Apr 11, 2023 | £0.95 | 0.86% |
4 | Aug 25, 2022 | Sep 29, 2022 | Nov 11, 2022 | £7.34 | 6.11% |
5 | Feb 24, 2022 | Mar 03, 2022 | Apr 08, 2022 | £0.95 | 0.789% |
FAQ
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