Hannon Armstrong Sustainable Stock Forecast
Green day on Wednesday for Hannon Armstrong Sustainable stock after gaining 1.16%
(Updated on Apr 17, 2024)
The Hannon Armstrong Sustainable stock price gained 1.16% on the last trading day (Wednesday, 17th Apr 2024), rising from $24.12 to $24.40. During the last trading day the stock fluctuated 2.55% from a day low at $24.27 to a day high of $24.89. The price has fallen in 6 of the last 10 days and is down by -10.85% for this period. Volume fell on the last day by -41 thousand shares and in total, 910 thousand shares were bought and sold for approximately $22.20 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.18 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 15.36% during the next 3 months and, with a 90% probability hold a price between $27.90 and $33.70 at the end of this 3-month period.
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HASI Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.16%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hannon Armstrong Sustainable 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 $25.75 and $26.14. 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).
Support, Risk & Stop-loss for Hannon Armstrong Sustainable stock
On the downside, the stock finds support just below today's level from accumulated volume at $22.84 and $22.71. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hannon Armstrong Sustainable finds support just below today's level at $22.84. If this is broken, then the next support from accumulated volume will be at $22.71 and $22.44.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.620 between high and low, or 2.55%. For the last week, the stock has had daily average volatility of 3.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HASI) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Hannon Armstrong Sustainable Infrastructure Capital Inc to open at $24.52, and during the day (based on 14 day Average True Range), to move between $23.39 and $25.41, which gives a possible trading interval of +/-$1.01 (+/-4.14%) up or down from last closing price. If Hannon Armstrong Sustainable Infrastructure Capital Inc takes out the full calculated possible swing range there will be an estimated 8.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.84 (6.39%) than the resistance at $26.10 (6.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hannon Armstrong Sustainable Infrastructure Capital Inc stock A Buy?
The Hannon Armstrong Sustainable stock holds several negative signals and despite the positive trend, we believe Hannon Armstrong Sustainable will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.632 Sell Candidate Unchanged
Predicted Opening Price for Hannon Armstrong Sustainable Infrastructure Capital Inc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $24.52 ( 0.492%) | $24.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HASI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.14 | 3.03 % | |
| R2 | 24.90 | 2.06 % | ||
| R1 | 24.76 | 1.46 % | ||
| Current price: | 24.40 | |||
| Support | S1 | 24.28 | -0.479 % | |
| S2 | 24.14 | -1.08 % | ||
| S3 | 23.90 | -2.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.40 | 16.39 % | |
| R2 | 26.24 | 7.54 % | ||
| R1 | 26.10 | 6.97 % | ||
| Current price | 24.40 | |||
| Support | S1 | 22.84 | -6.39% | |
| S2 | 22.71 | -6.93% | ||
| S3 | 22.44 | -8.03% |
HASI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | Apr 19, 2024 | $0.415 | 1.70% |
| 2 | Nov 02, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.395 | 1.58% |
| 3 | Aug 03, 2023 | Oct 03, 2023 | Oct 11, 2023 | $0.395 | 2.35% |
| 4 | May 02, 2023 | Jul 03, 2023 | Jul 12, 2023 | $0.395 | 1.50% |
| 5 | Feb 16, 2023 | Mar 31, 2023 | Apr 10, 2023 | $0.395 | 1.41% |
FAQ
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