HCA Holdings Inc Stock Forecast
HCA Holdings Inc stock upgraded to Strong Buy Candidate.
(Updated on Mar 27, 2024)
The HCA Holdings Inc stock price gained 1.21% on the last trading day (Wednesday, 27th Mar 2024), rising from $327.71 to $331.69. During the last trading day the stock fluctuated 0.95% from a day low at $329.46 to a day high of $332.58. The price has risen in 6 of the last 10 days and is up by 3.04% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 133 thousand more shares were traded than the day before. In total, 957 thousand shares were bought and sold for approximately $317.52 million.
The stock lies in the middle of a 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 21.03% during the next 3 months and, with a 90% probability hold a price between $391.10 and $427.04 at the end of this 3-month period.
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HCA Signals & Forecast
The HCA Holdings Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $329.26 and $317.58. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 8.92%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for HCA Holdings Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $304.90 and $301.59. 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, HCA Holdings Inc finds support just below today's level at $304.90. If this is broken, then the next support from accumulated volume will be at $301.59 and $284.91.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.12 (0.95%) between high and low. For the last week, the stock has had daily average volatility of 1.23%.
Our recommended stop-loss: $318.43 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (HCA) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect HCA Holdings Inc to open at $331.24, and during the day (based on 14 day Average True Range), to move between $326.63 and $336.75, which gives a possible trading interval of +/-$5.06 (+/-1.52%) up or down from last closing price. If HCA Holdings Inc takes out the full calculated possible swing range there will be an estimated 3.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $304.90, some $26.79 (8.08%) from the current price of $331.69, our system finds the risk reward attractive.
Is HCA Holdings Inc stock A Buy?
HCA Holdings Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 5.475 Strong Buy Candidate Upgraded
Predicted Opening Price for HCA Holdings Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$331.24 ( 0.135%) | $331.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 334.36 | 0.81 % | |
R2 | 333.17 | 0.447 % | ||
R1 | 332.44 | 0.225 % | ||
Current price: | 331.69 | |||
Support | S1 | 330.05 | -0.494 % | |
S2 | 329.32 | -0.716 % | ||
S3 | 328.12 | -1.08 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 331.69 | |||
Support | S1 | 304.90 | -8.08% | |
S2 | 301.59 | -9.07% | ||
S3 | 284.91 | -14.10% |
HCA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.660 | 0.199% |
2 | Oct 24, 2023 | Dec 13, 2023 | Dec 28, 2023 | $0.600 | 0.222% |
3 | Jul 27, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.600 | 0.244% |
4 | Apr 21, 2023 | Jun 15, 2023 | Sep 29, 2023 | $0.600 | 0.244% |
5 | Jan 27, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.600 | 0.228% |
FAQ
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