Hartford Financial Services Group Inc Stock Forecast
Red day on Friday for Hartford Financial Services Group Inc stock after losing 3.82%
(Updated on Apr 26, 2024)
The Hartford Financial Services Group Inc stock price fell by -3.82% on the last day (Friday, 26th Apr 2024) from $99.09 to $95.30. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.45% from a day low at $94.47 to a day high of $98.67. The price has been going up and down for this period, and there has been a -2.54% loss for the last 2 weeks. Volume has increased on the last day by 852 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, 3 million shares were bought and sold for approximately $269.15 million.
Given the current short-term trend, the stock is expected to rise 12.89% during the next 3 months and, with a 90% probability hold a price between $107.58 and $119.86 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.
HIG Signals & Forecast
There are few to no technical positive signals at the moment. The Hartford Financial Services Group 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 $98.57 and $99.67. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -7.69%. 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.
Support, Risk & Stop-loss for Hartford Financial Services Group Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $90.32 and $90.05. 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, Hartford Financial Services Group Inc finds support just below today's level at $90.32. If this is broken, then the next support from accumulated volume will be at $90.05 and $87.07.
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 $4.20 (4.45%) between high and low. For the last week, the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HIG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Hartford Financial Services Group Inc (The) to open at $96.15, and during the day (based on 14 day Average True Range), to move between $93.49 and $97.11, which gives a possible trading interval of +/-$1.81 (+/-1.90%) up or down from last closing price. If Hartford Financial Services Group Inc (The) takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $95.78 (0.50%) than the support at $90.32 (5.23%), 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 Hartford Financial Services Group Inc (The) stock A Buy?
The Hartford Financial Services Group Inc stock holds several negative signals and despite the positive trend, we believe Hartford Financial Services Group Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.125 Sell Candidate Unchanged
Predicted Opening Price for Hartford Financial Services Group Inc (The) of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $96.15 ( 0.89%) | $95.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HIG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.35 | 5.30 % | |
| R2 | 98.74 | 3.61 % | ||
| R1 | 97.75 | 2.57 % | ||
| Current price: | 95.30 | |||
| Support | S1 | 94.54 | -0.795 % | |
| S2 | 93.55 | -1.84 % | ||
| S3 | 91.95 | -3.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 100.40 | 5.35 % | |
| R2 | 95.84 | 0.567 % | ||
| R1 | 95.78 | 0.504 % | ||
| Current price | 95.30 | |||
| Support | S1 | 90.32 | -5.23% | |
| S2 | 90.05 | -5.51% | ||
| S3 | 87.07 | -8.64% |
HIG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 21, 2024 | Mar 01, 2024 | Apr 02, 2024 | $0.470 | 0.461% |
| 2 | Oct 26, 2023 | Nov 30, 2023 | Jan 03, 2024 | $0.470 | 0.577% |
| 3 | Jul 19, 2023 | Aug 31, 2023 | Oct 03, 2023 | $0.425 | 0.610% |
| 4 | May 17, 2023 | May 31, 2023 | Oct 03, 2023 | $0.425 | 0.610% |
| 5 | Feb 22, 2023 | Mar 03, 2023 | Apr 04, 2023 | $0.425 | 0.615% |
FAQ
Click here for our free guide on how to buy Hartford Financial Services Group Inc (The) Stock.
