HCI Group Inc Stock Forecast
HCI Group Inc stock upgraded to Sell Candidate.
(Updated on May 03, 2024)
The HCI Group Inc stock price fell by -0.796% on the last day (Friday, 3rd May 2024) from $111.76 to $110.87. During the last trading day the stock fluctuated 1.80% from a day low at $110.59 to a day high of $112.59. The price has fallen in 6 of the last 10 days and is down by -0.91% for this period. 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 -10 thousand shares and in total, 122 thousand shares were bought and sold for approximately $13.52 million.
Given the current short-term trend, the stock is expected to rise 23.06% during the next 3 months and, with a 90% probability hold a price between $136.44 and $159.40 at the end of this 3-month period.
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HCI Signals & Forecast
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. The HCI Group Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $113.81 and $113.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -6.80%. 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.
Support, Risk & Stop-loss for HCI Group Inc stock
HCI Group Inc finds support from accumulated volume at $110.36 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 $1.99 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HCI) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect HCI Group Inc to open at $111.35, and during the day (based on 14 day Average True Range), to move between $107.74 and $114.00, which gives a possible trading interval of +/-$3.13 (+/-2.82%) up or down from last closing price. If HCI Group Inc takes out the full calculated possible swing range there will be an estimated 5.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $110.36 (0.46%) than the resistance at $112.40 (1.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
HCI Group Inc will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.74. We will update the financials statements for HCI Group Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.01% in the first trading day after earnings release.
Is HCI Group Inc stock A Buy?
The HCI Group Inc stock holds several negative signals and despite the positive trend, we believe HCI Group Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.744 Sell Candidate Upgraded
Predicted Opening Price for HCI Group Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $111.35 ( 0.431%) | $110.87 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 113.34 | 2.23 % | |
| R2 | 112.58 | 1.54 % | ||
| R1 | 112.11 | 1.12 % | ||
| Current price: | 110.87 | |||
| Support | S1 | 110.59 | -0.256 % | |
| S2 | 110.12 | -0.681 % | ||
| S3 | 109.35 | -1.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 116.08 | 4.70 % | |
| R2 | 112.95 | 1.88 % | ||
| R1 | 112.40 | 1.38 % | ||
| Current price | 110.87 | |||
| Support | S1 | 110.36 | -0.460% | |
| S2 | 97.52 | -12.04% | ||
| S3 | 93.67 | -15.51% |
HCI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 16, 2024 | Jun 21, 2024 | $0.400 | 0.361% |
| 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
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