Hillenbrand Inc Stock Forecast
Evaluation of Hillenbrand Inc stock downgraded after the last trading session.
(Updated on Apr 24, 2024)
The Hillenbrand Inc stock price fell by -0.468% on the last day (Wednesday, 24th Apr 2024) from $49.18 to $48.95. During the last trading day the stock fluctuated 1.70% from a day low at $48.43 to a day high of $49.26. The price has risen in 6 of the last 10 days and is up by 3.44% over the past 2 weeks. Volume has increased on the last day by 29 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, 201 thousand shares were bought and sold for approximately $9.82 million.
The stock lies in the middle of a wide and weak 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 5.29% during the next 3 months and, with a 90% probability hold a price between $48.43 and $53.74 at the end of this 3-month period.
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HI Signals & Forecast
The Hillenbrand Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $47.90 and $48.42. A breakdown below any of these levels will issue sell signals. 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 Thursday, March 28, 2024, and so far it has fallen -2.66%. 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 stock had a Golden Star Signal on Friday, April 28, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, April 28, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Hillenbrand Inc stock
Hillenbrand Inc finds support from accumulated volume at $46.57 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 $0.83 (1.70%) between high and low. 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 (HI) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Hillenbrand Inc to open at $48.88, and during the day (based on 14 day Average True Range), to move between $47.85 and $50.05, which gives a possible trading interval of +/-$1.10 (+/-2.24%) up or down from last closing price. If Hillenbrand Inc takes out the full calculated possible swing range there will be an estimated 4.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.52 (1.16%) than the support at $46.57 (4.86%), 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 Hillenbrand Inc stock A Buy?
The Hillenbrand Inc stock holds several negative signals and despite the positive trend, we believe Hillenbrand Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.111 Sell Candidate Downgraded
Predicted Opening Price for Hillenbrand Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $48.88 ( 0.146%) | $48.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.70 | 1.54 % | |
| R2 | 49.39 | 0.90 % | ||
| R1 | 49.19 | 0.497 % | ||
| Current price: | 48.95 | |||
| Support | S1 | 48.56 | -0.790 % | |
| S2 | 48.37 | -1.19 % | ||
| S3 | 48.05 | -1.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.29 | 2.74 % | |
| R2 | 49.60 | 1.33 % | ||
| R1 | 49.52 | 1.16 % | ||
| Current price | 48.95 | |||
| Support | S1 | 46.57 | -4.86% | |
| S2 | 46.33 | -5.35% | ||
| S3 | 44.37 | -9.36% |
HI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.223 | 0.442% |
| 2 | Dec 07, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.223 | 0.465% |
| 3 | Aug 24, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.220 | 0.520% |
| 4 | May 03, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.220 | 0.429% |
| 5 | Feb 24, 2023 | Mar 16, 2023 | Mar 31, 2023 | $0.220 | 0.463% |
FAQ
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