Hosken Consolidated Investments Limited Stock Forecast
Stronger technical forecast for Hosken Consolidated Investments Limited stock price after Friday trading.
(Updated on May 03, 2024)
The Hosken Consolidated Investments Limited stock price gained 0.570% on the last trading day (Friday, 3rd May 2024), rising from $17,178.00 to $17,276.00. During the last trading day the stock fluctuated 1.35% from a day low at $17,060.00 to a day high of $17,290.00. The price has risen in 6 of the last 10 days and is up by 1.53% over the past 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 11 thousand shares were bought and sold for approximately $191.30 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 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 -3.49% during the next 3 months and, with a 90% probability hold a price between $15,911.46 and $16,906.41 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.
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HCI.JO Signals & Forecast
The Hosken Consolidated Investments Limited 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 $17,255.29 and $17,259.26. 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 1.53%. 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. 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).
A buy signal from a double bottom formation was found on Tuesday, March 19, 2024 and based on theory for this formation the price should go up by 2.53% to $17,713.71 within 7 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Hosken Consolidated Investments Limited stock
Hosken Consolidated Investments Limited finds support from accumulated volume at $17,256.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $230.00 between high and low, or 1.35%. For the last week the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: $16,358.09 (-5.31%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (HCI.JO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Hosken Consolidated Investments Limited to open at $17,208.67, and during the day (based on 14 day Average True Range), to move between $16,801.58 and $17,750.42, which gives a possible trading interval of +/-$474.42 (+/-2.75%) up or down from last closing price. If Hosken Consolidated Investments Limited takes out the full calculated possible swing range there will be an estimated 5.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $17,256.00 (0.12%) than the resistance at $17,628.00 (2.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hosken Consolidated Investments Limited stock A Buy?
Hosken Consolidated Investments Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.383 Hold/Accumulate Upgraded
Predicted Opening Price for Hosken Consolidated Investments Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $17,208.67 ( 0.390%) | $17,276.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCI.JO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17,438.67 | 0.94 % | |
| R2 | 17,350.81 | 0.433 % | ||
| R1 | 17,296.53 | 0.119 % | ||
| Current price: | 17,276.00 | |||
| Support | S1 | 17,120.81 | -0.90 % | |
| S2 | 17,066.53 | -1.21 % | ||
| S3 | 16,978.67 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17,887.00 | 3.54 % | |
| R2 | 17,700.00 | 2.45 % | ||
| R1 | 17,628.00 | 2.04 % | ||
| Current price | 17,276.00 | |||
| Support | S1 | 17,256.00 | -0.116% | |
| S2 | 17,200.00 | -0.440% | ||
| S3 | 17,050.00 | -1.31% |
HCI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 21, 2022 | Dec 21, 2022 | Dec 21, 2022 | $50.00 | 0.324% |
| 2 | Dec 11, 2019 | Dec 11, 2019 | Dec 11, 2019 | $55.00 | 0.601% |
| 3 | Jun 19, 2019 | Jun 19, 2019 | Jun 19, 2019 | $210.00 | 2.02% |
| 4 | Dec 12, 2018 | Dec 12, 2018 | Dec 12, 2018 | $55.00 | 0.445% |
| 5 | Jun 20, 2018 | Jun 20, 2018 | Jun 20, 2018 | $190.00 | 1.39% |
FAQ
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