Hannon Armstrong Sustainable Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Hannon Armstrong Sustainable stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The Hannon Armstrong Sustainable stock price fell by -1.92% on the last day (Tuesday, 30th Apr 2024) from $25.50 to $25.01. During the last trading day the stock fluctuated 2.33% from a day low at $24.93 to a day high of $25.51. The price has risen in 6 of the last 10 days and is up by 3.69% over the past 2 weeks. Volume has increased on the last day by 237 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 976 thousand shares were bought and sold for approximately $24.42 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $24.46 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 7.77% during the next 3 months and, with a 90% probability hold a price between $26.36 and $31.41 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 3.69%. 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 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 $25.55 and $26.09. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hannon Armstrong Sustainable stock
Hannon Armstrong Sustainable finds support from accumulated volume at $24.52 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.580 between high and low, or 2.33%. For the last week, the stock has had daily average volatility of 3.48%.
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 Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Hannon Armstrong Sustainable Infrastructure Capital Inc to open at $25.15, and during the day (based on 14 day Average True Range), to move between $24.02 and $26.00, which gives a possible trading interval of +/-$0.99 (+/-3.98%) 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 7.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.39 (1.52%) than the support at $24.52 (1.96%), 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.
Earnings coming up
Hannon Armstrong Sustainable Infrastructure Capital Inc will release earnings AMC on Tuesday, May 07, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.570. We will update the financials statements for Hannon Armstrong Sustainable Infrastructure Capital Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.65% in the first trading day after earnings release.
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.396 Sell Candidate Downgraded
Predicted Opening Price for Hannon Armstrong Sustainable Infrastructure Capital Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $25.15 ( 0.560%) | $25.01 |
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 | 25.73 | 2.88 % | |
| R2 | 25.51 | 1.99 % | ||
| R1 | 25.37 | 1.45 % | ||
| Current price: | 25.01 | |||
| Support | S1 | 24.93 | -0.326 % | |
| S2 | 24.79 | -0.87 % | ||
| S3 | 24.57 | -1.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.40 | 13.55 % | |
| R2 | 25.96 | 3.80 % | ||
| R1 | 25.39 | 1.52 % | ||
| Current price | 25.01 | |||
| Support | S1 | 24.52 | -1.96% | |
| S2 | 23.79 | -4.88% | ||
| S3 | 23.55 | -5.84% |
HASI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | Apr 19, 2024 | $0.415 | 1.66% |
| 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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