Healthcare Services Group Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Healthcare Services Group stock price up 2.05% on Friday
(Updated on Apr 19, 2024)
The Healthcare Services Group stock price gained 2.05% on the last trading day (Friday, 19th Apr 2024), rising from $11.70 to $11.94. During the last trading day the stock fluctuated 2.97% from a day low at $11.61 to a day high of $11.96. The price has fallen in 6 of the last 10 days and is down by -2.21% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 65 thousand more shares were traded than the day before. In total, 408 thousand shares were bought and sold for approximately $4.87 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $11.37 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.31% during the next 3 months and, with a 90% probability hold a price between $14.13 and $17.88 at the end of this 3-month period.
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HCSG Signals & Forecast
There are mixed signals in the stock today. The Healthcare Services Group stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $12.23. On a fall, the stock will find some support from the short-term average at $11.69. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -7.01%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Healthcare Services Group stock
On the downside, the stock finds support just below today's level from accumulated volume at $9.70 and $9.46. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Healthcare Services Group finds support just below today's level at $9.70. If this is broken, then the next support from accumulated volume will be at $9.46 and $9.44.
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 $0.345 between high and low, or 2.97%. For the last week, the stock has had daily average volatility of 2.32%.
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 22nd
For the upcoming trading day on Monday, 22nd we expect Healthcare Services Group to open at $11.84, and during the day (based on 14 day Average True Range), to move between $11.66 and $12.22, which gives a possible trading interval of +/-$0.281 (+/-2.36%) 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 $12.03 (0.75%) than the support at $9.70 (18.76%), 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.
Earnings coming up
Healthcare Services Group will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.180. We will update the financials statements for Healthcare Services Group, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.61% in the first trading day after earnings release.
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: -2.194 Sell Candidate Unchanged
Predicted Opening Price for Healthcare Services Group of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $11.84 ( 0.88%) | $11.94 |
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 | 12.18 | 2.01 % | |
| R2 | 12.05 | 0.91 % | ||
| R1 | 11.97 | 0.224 % | ||
| Current price: | 11.94 | |||
| Support | S1 | 11.70 | -1.98 % | |
| S2 | 11.62 | -2.67 % | ||
| S3 | 11.49 | -3.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.42 | 4.02 % | |
| R2 | 12.17 | 1.93 % | ||
| R1 | 12.03 | 0.754 % | ||
| Current price | 11.94 | |||
| Support | S1 | 9.70 | -18.76% | |
| S2 | 9.46 | -20.77% | ||
| S3 | 9.44 | -20.94% |
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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