Healthcare Services Group Stock Forecast
Healthcare Services Group stock price ended on $13.08 on Friday after losing 0%
(Updated on Jan 27, 2023)
No changes to the price of Healthcare Services Group stock on the last trading day (Friday, 27th Jan 2023). During the last trading day the stock fluctuated 1.46% from a day low at $13.03 to a day high of $13.22. The price has fallen in 5 of the last 10 days and is down by -3.04% for this period.
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The stock lies in the middle of a wide and 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 -8.64% during the next 3 months and, with a 90% probability hold a price between $10.58 and $12.41 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.
HCSG Signals & Forecast
The Healthcare Services Group 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 $13.16. On a fall, the stock will find some support from the long-term average at approximately $12.85. 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 Friday, January 13, 2023, and so far it has fallen -5.01%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
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Support, Risk & Stop-loss for Healthcare Services Group stock
Healthcare Services Group finds support from accumulated volume at $13.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.190 between high and low, or 1.46%. For the last week, the stock has had daily average volatility of 2.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HCSG) For The Upcoming Trading Day Of Monday 30th
For the upcoming trading day on Monday, 30th we expect Healthcare Services Group to open at $13.11, and during the day (based on 14 day Average True Range), to move between $12.71 and $13.45, which gives a possible trading interval of +/-$0.371 (+/-2.84%) up or down from last closing price. If Healthcare Services Group takes out the full calculated possible swing range there will be an estimated 5.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.16 (0.61%) than the support at $13.00 (0.61%), 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?
Healthcare Services Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.087 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Healthcare Services Group of Monday, January 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price January 30, 2023 | Current price |
|---|---|
| $13.11 | $13.08 (Undervalued) |
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Trading levels for HCSG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.30 | 1.68 % | |
| R2 | 13.23 | 1.13 % | ||
| R1 | 13.18 | 0.784 % | ||
| Current price: | 13.08 | |||
| Support | S1 | 13.04 | -0.326 % | |
| S2 | 12.99 | -0.668 % | ||
| S3 | 12.92 | -1.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.81 | 5.58 % | |
| R2 | 13.52 | 3.36 % | ||
| R1 | 13.16 | 0.612 % | ||
| Current price | 13.08 | |||
| Support | S1 | 13.00 | -0.612% | |
| S2 | 12.54 | -4.13% | ||
| S3 | 12.10 | -7.49% |
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About Healthcare Services Group
Healthcare Services Group, Inc. provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. It operates through two segments, Housekeeping and Dietary. The Housekeeping segment engages in the cleaning, disinfecting, and sanitizing of resident rooms and common... HCSG Profile
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