HCA Holdings Inc Stock Forecast
HCA Holdings Inc stock upgraded to Buy Candidate.
(Updated on May 09, 2024)
The HCA Holdings Inc stock price gained 4.03% on the last trading day (Thursday, 9th May 2024), rising from $309.42 to $321.89. During the last trading day the stock fluctuated 4.04% from a day low at $309.63 to a day high of $322.14. The price has fallen in 6 of the last 10 days but is still up by 2.47% 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, 340 more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $325.22 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect HCA Holdings Inc stock with a 90% probability to be traded between $297.41 and $334.06 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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HCA Signals & Forecast
Mostly positive signals in the chart today. The HCA Holdings Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $311.69 and $319.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 8.38%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for HCA Holdings Inc stock
HCA Holdings Inc finds support from accumulated volume at $314.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $12.51 (4.04%) between high and low. For the last week, the stock has had daily average volatility of 2.25%.
Our recommended stop-loss: $306.18 (-4.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (HCA) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect HCA Holdings Inc to open at $317.89, and during the day (based on 14 day Average True Range), to move between $314.50 and $329.28, which gives a possible trading interval of +/-$7.39 (+/-2.30%) up or down from last closing price. If HCA Holdings Inc takes out the full calculated possible swing range there will be an estimated 4.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $323.40 (0.47%) than the support at $314.12 (2.41%), 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 HCA Holdings Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for HCA Holdings Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.750 Buy Candidate Upgraded
Predicted Opening Price for HCA Holdings Inc of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| $317.89 ( 1.24%) | $321.89 |
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 | 330.40 | 2.64 % | |
| R2 | 325.62 | 1.16 % | ||
| R1 | 322.67 | 0.241 % | ||
| Current price: | 321.89 | |||
| Support | S1 | 313.11 | -2.73 % | |
| S2 | 310.16 | -3.65 % | ||
| S3 | 305.38 | -5.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 328.85 | 2.16 % | |
| R2 | 323.55 | 0.516 % | ||
| R1 | 323.40 | 0.469 % | ||
| Current price | 321.89 | |||
| Support | S1 | 314.12 | -2.41% | |
| S2 | 306.69 | -4.72% | ||
| S3 | 297.00 | -7.73% |
HCA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.660 | 0.205% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.660 | 0.198% |
| 3 | Oct 24, 2023 | Dec 13, 2023 | Dec 28, 2023 | $0.600 | 0.222% |
| 4 | Jul 27, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.600 | 0.244% |
| 5 | Apr 21, 2023 | Jun 15, 2023 | Sep 29, 2023 | $0.600 | 0.244% |
FAQ
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