HCP Inc Stock Forecast
Red day on Tuesday for HCP Inc
(Updated on Jul 02, 2024)
The HCP Inc stock price fell by -0.119% on the last day (Tuesday, 2nd Jul 2024) from $33.66 to $33.62. During the last trading day the stock fluctuated 0.417% from a day low at $33.61 to a day high of $33.75. The price has been going up and down for this period, and there has been a 0.06% gain for the last 2 weeks. Volume has increased on the last day by 224 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $49.39 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 34.58% during the next 3 months and, with a 90% probability hold a price between $42.04 and $48.45 at the end of this 3-month period.
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HCP Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -1.09%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The HCP Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $33.55 and $33.46. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for HCP Inc stock
HCP Inc finds support from accumulated volume at $32.82 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 $0.140 between high and low, or 0.417%. For the last week the stock has had daily average volatility of 0.571%.
Our recommended stop-loss: $32.36 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 54 days ago.)
Trading Expectations (HCP) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect HCP Inc to open at $33.66, and during the day (based on 14 day Average True Range), to move between $33.38 and $33.86, which gives a possible trading interval of +/-$0.245 (+/-0.73%) up or down from last closing price. If HCP Inc takes out the full calculated possible swing range there will be an estimated 1.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $33.63 (0.03%) than the support at $32.82 (2.38%), 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 HCP Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for HCP Inc stock to perform well in the short-term.
Current score: 2.788 Buy Candidate Unchanged
Predicted Opening Price for HCP Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $33.66 ( 0.119%) | $33.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCP
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.80 | 0.535% |
| R2 | 33.75 | 0.376% |
| R1 | 33.71 | 0.278% |
| Price | 33.62 | |
| S1 | 33.61 | -0.0401% |
| S2 | 33.57 | -0.138% |
| S3 | 33.52 | -0.297% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.69 | 0.208% |
| R2 | 33.65 | 0.0892% |
| R1 | 33.63 | 0.0297% |
| Price | 33.62 | |
| S1 | 32.82 | -2.38% |
| S2 | 32.59 | -3.06% |
| S3 | 31.41 | -6.57% |
HCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 23, 2019 | Nov 01, 2019 | Nov 19, 2019 | $0.370 | 0% |
| 2 | Jul 25, 2019 | Aug 02, 2019 | Aug 20, 2019 | $0.370 | 0% |
| 3 | Apr 25, 2019 | May 03, 2019 | May 21, 2019 | $0.370 | 0% |
| 4 | Jan 31, 2019 | Feb 15, 2019 | Feb 28, 2019 | $0.370 | 0% |
| 5 | Oct 25, 2018 | Nov 02, 2018 | Nov 20, 2018 | $0.370 | 0% |
FAQ
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