Healthcare Services Group Stock Forecast
Weaker technical forecast for Healthcare Services Group as stock downgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)
The Healthcare Services Group stock price fell by -0.399% on the last day (Thursday, 28th Mar 2024) from $12.53 to $12.48. During the last trading day the stock fluctuated 1.32% from a day low at $12.46 to a day high of $12.62. The price has fallen in 5 of the last 10 days but is still up by 2.97% over the past 2 weeks. Volume has increased on the last day by 115 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, 339 thousand shares were bought and sold for approximately $4.23 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 34.29% during the next 3 months and, with a 90% probability hold a price between $15.00 and $18.73 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 -2.80%. 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 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 $12.32 and $12.05. A breakdown below any of these levels will issue sell signals.
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 $0.165 (1.32%) between high and low. For the last week, the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: $12.08 (-3.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (HCSG) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Healthcare Services Group to open at $12.52, and during the day (based on 14 day Average True Range), to move between $12.19 and $12.77, which gives a possible trading interval of +/-$0.286 (+/-2.29%) up or down from last closing price. If Healthcare Services Group takes out the full calculated possible swing range there will be an estimated 4.58% 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 (1.60%) than the support at $12.03 (3.61%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.578 Hold/Accumulate Downgraded
Predicted Opening Price for Healthcare Services Group of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$12.52 ( 0.307%) | $12.48 |
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 | 12.68 | 1.63 % | |
R2 | 12.62 | 1.12 % | ||
R1 | 12.58 | 0.81 % | ||
Current price: | 12.48 | |||
Support | S1 | 12.46 | -0.198 % | |
S2 | 12.42 | -0.510 % | ||
S3 | 12.35 | -1.01 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.84 | 2.88 % | |
R2 | 12.76 | 2.24 % | ||
R1 | 12.68 | 1.60 % | ||
Current price | 12.48 | |||
Support | S1 | 12.03 | -3.61% | |
S2 | 10.36 | -16.99% | ||
S3 | 9.44 | -24.36% |
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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