Highlands Bankshares, Inc. Stock Forecast
Stronger technical forecast for Highlands Bankshares, Inc. stock price after Thursday trading.
(Updated on Jun 20, 2024)
No changes to the price of Highlands Bankshares, Inc. stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $32.50 to a day high of $32.50. The price has been going up and down for this period, and there has been a -11.54% loss for the last 2 weeks.
The stock is at the lower part of a wide 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 $32.47 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Highlands Bankshares, Inc. stock with a 90% probability to be traded between $32.07 and $36.35 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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HBSI Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 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 Highlands Bankshares, Inc. 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 $34.92 and $35.92. 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.
A sell signal from a double top formation was found on Monday, June 03, 2024 with a target of $33.67. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Highlands Bankshares, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 0.92%
Our recommended stop-loss: $30.46 (-6.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (HBSI) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect Highlands Bankshares, Inc. to open at $32.50, and during the day (based on 14 day Average True Range), to move between $31.74 and $33.26, which gives a possible trading interval of +/-$0.764 (+/-2.35%) up or down from last closing price. If Highlands Bankshares, Inc. takes out the full calculated possible swing range there will be an estimated 4.70% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $35.00, some $2.50 (7.69%) from the current price of $32.50, our system finds the risk reward not very attractive.
Is Highlands Bankshares, Inc. stock A Buy?
Highlands Bankshares, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Highlands Bankshares, Inc. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| $32.50 ( 0%) | $32.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBSI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.50 | - |
| R2 | 32.50 | - |
| R1 | 32.50 | - |
| Price | 32.50 | |
| S1 | 32.50 | - |
| S2 | 32.50 | - |
| S3 | 32.50 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.00 | 10.77% |
| R2 | 35.50 | 9.23% |
| R1 | 35.00 | 7.69% |
| Price | 32.50 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
HBSI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 03, 2024 | $0.420 | 1.14% |
| 2 | Feb 13, 2024 | Feb 23, 2024 | Mar 01, 2024 | $0.420 | 1.09% |
| 3 | Oct 10, 2023 | Oct 26, 2023 | Nov 03, 2023 | $0.420 | 1.09% |
| 4 | Jul 11, 2023 | Jul 27, 2023 | Aug 04, 2023 | $0.450 | 1.07% |
| 5 | Apr 11, 2023 | Apr 26, 2023 | May 04, 2023 | $0.450 | 1.09% |
FAQ
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