Hosken Consolidated Investments Limited Stock Forecast
Hosken Consolidated Investments Limited stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The Hosken Consolidated Investments Limited stock price fell by -1.84% on the last day (Friday, 17th May 2024) from $18,089.00 to $17,757.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.98% from a day low at $17,756.00 to a day high of $18,107.00. The price has fallen in 6 of the last 10 days but is still up by 2.78% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -40 thousand shares and in total, 21 thousand shares were bought and sold for approximately $378.30 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Hosken Consolidated Investments Limited stock with a 90% probability to be traded between $16,856.64 and $18,212.43 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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HCI.JO Signals & Forecast
The Hosken Consolidated Investments Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $17,806.57. On a fall, the stock will find some support from the long-term average at approximately $17,397.97. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -2.43%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, May 09, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, May 09, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Hosken Consolidated Investments Limited stock
Hosken Consolidated Investments Limited finds support from accumulated volume at $17,628.00 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 $351.00 (1.98%) between high and low. For the last week, the stock has had daily average volatility of 4.12%.
Our recommended stop-loss: $16,928.18 (-4.67%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (HCI.JO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Hosken Consolidated Investments Limited to open at $17,873.33, and during the day (based on 14 day Average True Range), to move between $17,201.56 and $18,312.44, which gives a possible trading interval of +/-$555.44 (+/-3.13%) 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 6.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17,800.00 (0.24%) than the support at $17,628.00 (0.73%), 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 Hosken Consolidated Investments Limited 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 Hosken Consolidated Investments Limited 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: 1.088 Buy Candidate Upgraded
Predicted Opening Price for Hosken Consolidated Investments Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$17,873.33 ( 0.655%) | $17,757.00 |
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 | 18,224.33 | 2.63 % | |
R2 | 18,090.25 | 1.88 % | ||
R1 | 18,007.42 | 1.41 % | ||
Current price: | 17,757.00 | |||
Support | S1 | 17,739.25 | -0.1000 % | |
S2 | 17,656.42 | -0.566 % | ||
S3 | 17,522.33 | -1.32 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18,200.00 | 2.49 % | |
R2 | 18,123.00 | 2.06 % | ||
R1 | 17,800.00 | 0.242 % | ||
Current price | 17,757.00 | |||
Support | S1 | 17,628.00 | -0.726% | |
S2 | 17,200.00 | -3.14% | ||
S3 | 17,050.00 | -3.98% |
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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