HCI Group Inc Stock Forecast
HCI Group Inc stock price ended at $92.72 on Tuesday, after gaining 0.368%.
(Updated on Jul 02, 2024)
The HCI Group Inc stock price gained 0.368% on the last trading day (Tuesday, 2nd Jul 2024), rising from $92.38 to $92.72. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.28% from a day low at $90.96 to a day high of $93.03. The price has been going up and down for this period, and there has been a -1.28% loss for the last 2 weeks. Volume fell on the last day by -118 thousand shares and in total, 86 thousand shares were bought and sold for approximately $8.00 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 middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.98% during the next 3 months and, with a 90% probability hold a price between $68.72 and $76.98 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HCI Signals & Forecast
There are mixed signals in the stock today. The HCI Group Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $96.33. On a fall, the stock will find some support from the short-term average at $91.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 2.66%. 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.
Support, Risk & Stop-loss for HCI Group Inc stock
HCI Group Inc finds support from accumulated volume at $92.38 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 $2.07 (2.28%) between high and low. For the last week, the stock has had daily average volatility of 2.22%.
Our recommended stop-loss: $88.57 (-4.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 46 days ago.)
Trading Expectations (HCI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect HCI Group Inc to open at $92.24, and during the day (based on 14 day Average True Range), to move between $90.42 and $95.02, which gives a possible trading interval of +/-$2.30 (+/-2.48%) up or down from last closing price. If HCI Group Inc takes out the full calculated possible swing range there will be an estimated 4.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $92.38 (0.37%) than the resistance at $96.82 (4.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HCI Group Inc stock A Buy?
HCI Group Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.271 Hold/Accumulate Unchanged
Predicted Opening Price for HCI Group Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $92.24 ( 0.521%) | $92.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 94.31 | 1.71% |
| R2 | 93.52 | 0.86% |
| R1 | 93.03 | 0.332% |
| Price | 92.72 | |
| S1 | 91.45 | -1.37% |
| S2 | 90.96 | -1.90% |
| S3 | 90.17 | -2.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 104.86 | 13.09% |
| R2 | 100.96 | 8.89% |
| R1 | 96.82 | 4.42% |
| Price | 92.72 | |
| S1 | 92.38 | -0.367% |
| S2 | 92.11 | -0.658% |
| S3 | 91.18 | -1.66% |
HCI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 16, 2024 | Jun 21, 2024 | $0.400 | 0.439% |
| 2 | Jan 25, 2024 | Feb 15, 2024 | Mar 15, 2024 | $0.400 | 0.359% |
| 3 | Oct 17, 2023 | Nov 16, 2023 | Dec 15, 2023 | $0.400 | 0.467% |
| 4 | Jul 13, 2023 | Aug 17, 2023 | Sep 15, 2023 | $0.400 | 0.763% |
| 5 | Apr 19, 2023 | May 18, 2023 | Jun 16, 2023 | $0.400 | 0.693% |
FAQ
Click here for our free guide on how to buy HCI Group Inc Stock.
