Hingham Institution for Savings Stock Forecast
Hingham Institution for Savings stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Hingham Institution for Savings stock price gained 2.55% on the last trading day (Tuesday, 2nd Jul 2024), rising from $181.12 to $185.74. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.50% from a day low at $183.00 to a day high of $185.74. The price has risen in 6 of the last 10 days and is up by 10.36% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 5 thousand shares were bought and sold for approximately $941.70 thousand. 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $189.36 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Hingham Institution for Savings stock with a 90% probability to be traded between $168.51 and $192.80 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HIFS Signals & Forecast
The Hingham Institution for Savings 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 $176.78 and $173.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 12.63%. Further rise is indicated until a new top pivot has been found. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Hingham Institution for Savings stock
On the downside, the stock finds support just below today's level from accumulated volume at $167.33 and $164.67. 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, Hingham Institution for Savings finds support just below today's level at $167.33. If this is broken, then the next support from accumulated volume will be at $164.67 and $164.07.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $2.74 between high and low, or 1.50%. For the last week the stock has had daily average volatility of 3.28%.
Our recommended stop-loss: $179.94 (-3.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (HIFS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Hingham Institution for Savings to open at $184.83, and during the day (based on 14 day Average True Range), to move between $181.08 and $190.40, which gives a possible trading interval of +/-$4.66 (+/-2.51%) up or down from last closing price. If Hingham Institution for Savings takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $186.51 (0.41%) than the support at $167.33 (9.91%), 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 Hingham Institution for Savings stock A Buy?
Hingham Institution for Savings holds several positive signals and is considered to be a good choice at current levels. We expect the Hingham Institution for Savings stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.778 Strong Buy Candidate Upgraded
Predicted Opening Price for Hingham Institution for Savings of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$184.83 ( 0.492%) | $185.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HIFS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 187.57 | 0.98% |
R2 | 186.52 | 0.420% |
R1 | 185.87 | 0.0718% |
Price | 185.74 | |
S1 | 183.78 | -1.06% |
S2 | 183.13 | -1.40% |
S3 | 182.09 | -1.97% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 187.57 | 0.99% |
R2 | 187.56 | 0.98% |
R1 | 186.51 | 0.415% |
Price | 185.74 | |
S1 | 167.33 | -9.91% |
S2 | 164.67 | -11.34% |
S3 | 164.07 | -11.67% |
HIFS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 03, 2024 | May 03, 2024 | May 15, 2024 | $0.630 | 0.336% |
2 | Nov 20, 2023 | Dec 29, 2023 | Jan 10, 2024 | $0.630 | 0.318% |
3 | Sep 20, 2023 | Oct 27, 2023 | Nov 08, 2023 | $0.630 | 0.388% |
4 | Jun 28, 2023 | Jul 28, 2023 | Aug 09, 2023 | $0.630 | 0.287% |
5 | Mar 29, 2023 | Apr 28, 2023 | May 10, 2023 | $0.630 | 0.338% |
FAQ
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