Healthcare Services Group Stock Forecast
Green day on Wednesday for Healthcare Services Group
(Updated on Mar 27, 2024)
The Healthcare Services Group stock price gained 3.13% on the last trading day (Wednesday, 27th Mar 2024), rising from $12.15 to $12.53. During the last trading day the stock fluctuated 2.62% from a day low at $12.21 to a day high of $12.53. The price has fallen in 5 of the last 10 days but is still up by 3.04% over the past 2 weeks. Volume fell on the last day by -74 thousand shares and in total, 224 thousand shares were bought and sold for approximately $2.81 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 very 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 33.65% during the next 3 months and, with a 90% probability hold a price between $14.80 and $18.54 at the end of this 3-month period.
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HCSG Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -2.41%. 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). The Healthcare Services Group 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 $12.30 and $11.96. A breakdown below any of these levels will issue sell signals. 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 Healthcare Services Group stock
Healthcare Services Group finds support from accumulated volume at $12.03 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 $0.320 (2.62%) between high and low. For the last week, the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: $12.07 (-3.68%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (HCSG) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Healthcare Services Group to open at $12.42, and during the day (based on 14 day Average True Range), to move between $12.23 and $12.83, which gives a possible trading interval of +/-$0.295 (+/-2.35%) up or down from last closing price. If Healthcare Services Group takes out the full calculated possible swing range there will be an estimated 4.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.68 (1.20%) than the support at $12.03 (3.99%), 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 Healthcare Services Group 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 Healthcare Services Group stock to perform well in the short-term.
Current score: 1.576 Buy Candidate Unchanged
Predicted Opening Price for Healthcare Services Group of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$12.42 ( 0.85%) | $12.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCSG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.74 | 1.70 % | |
R2 | 12.62 | 0.727 % | ||
R1 | 12.55 | 0.124 % | ||
Current price: | 12.53 | |||
Support | S1 | 12.30 | -1.83 % | |
S2 | 12.23 | -2.43 % | ||
S3 | 12.10 | -3.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.84 | 2.47 % | |
R2 | 12.76 | 1.84 % | ||
R1 | 12.68 | 1.20 % | ||
Current price | 12.53 | |||
Support | S1 | 12.03 | -3.99% | |
S2 | 10.36 | -17.32% | ||
S3 | 9.44 | -24.66% |
HCSG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 19, 2022 | Nov 17, 2022 | Dec 22, 2022 | $0.215 | 1.78% |
2 | Jul 20, 2022 | Aug 18, 2022 | Sep 23, 2022 | $0.214 | 1.66% |
3 | Apr 20, 2022 | May 19, 2022 | Jun 24, 2022 | $0.213 | 1.24% |
4 | Feb 09, 2022 | Feb 24, 2022 | Mar 25, 2022 | $0.211 | 1.20% |
5 | Oct 20, 2021 | Nov 18, 2021 | Dec 23, 2021 | $0.210 | 1.22% |
FAQ
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