Hillenbrand Inc Stock Forecast
Hillenbrand Inc stock upgraded to Buy Candidate.
(Updated on May 02, 2024)
The Hillenbrand Inc stock price gained 1.11% on the last trading day (Thursday, 2nd May 2024), rising from $41.43 to $41.89. During the last trading day the stock fluctuated 2.43% from a day low at $41.12 to a day high of $42.12. The price has risen in 6 of the last 10 days but is still down by -11.44% for this period. Volume fell on the last day by -586 thousand shares and in total, 581 thousand shares were bought and sold for approximately $24.34 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 lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $41.45 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 2.79% during the next 3 months and, with a 90% probability hold a price between $42.61 and $52.25 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HI Signals & Forecast
The Hillenbrand Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $46.76 and $48.04. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 1.11%. Further rise is indicated until a new top pivot has been found. 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 Hillenbrand Inc stock
Hillenbrand Inc finds support from accumulated volume at $41.43 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 $1.00 between high and low, or 2.43%. For the last week, the stock has had daily average volatility of 3.63%.
Our recommended stop-loss: $39.61 (-5.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (HI) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Hillenbrand Inc to open at $41.71, and during the day (based on 14 day Average True Range), to move between $40.36 and $43.42, which gives a possible trading interval of +/-$1.53 (+/-3.65%) up or down from last closing price. If Hillenbrand Inc takes out the full calculated possible swing range there will be an estimated 7.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $41.43 (1.10%) than the resistance at $44.37 (5.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hillenbrand Inc stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.638 Buy Candidate Upgraded
Predicted Opening Price for Hillenbrand Inc of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $41.71 ( 0.430%) | $41.89 |
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 | 42.71 | 1.96 % | |
| R2 | 42.33 | 1.05 % | ||
| R1 | 42.09 | 0.482 % | ||
| Current price: | 41.89 | |||
| Support | S1 | 41.33 | -1.34 % | |
| S2 | 41.09 | -1.90 % | ||
| S3 | 40.71 | -2.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.60 | 18.41 % | |
| R2 | 46.33 | 10.60 % | ||
| R1 | 44.37 | 5.92 % | ||
| Current price | 41.89 | |||
| Support | S1 | 41.43 | -1.10% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
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
Click here for our free guide on how to buy Hillenbrand Inc Stock.
