Hippo Holdings Inc. Stock Forecast
Hippo Holdings Inc. stock price ended at $20.02 on Friday, after gaining 1.68%.
(Updated on Apr 19, 2024)
The Hippo Holdings Inc. stock price gained 1.68% on the last trading day (Friday, 19th Apr 2024), rising from $19.69 to $20.02. During the last trading day the stock fluctuated 8.18% from a day low at $19.01 to a day high of $20.56. The price has fallen in 6 of the last 10 days and is down by -16.72% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 136 thousand shares were bought and sold for approximately $2.72 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 $19.94 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 143.86% during the next 3 months and, with a 90% probability hold a price between $48.64 and $65.15 at the end of this 3-month period.
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HIPO Signals & Forecast
The Hippo Holdings Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $21.12. On a fall, the stock will find some support from the long-term average at approximately $19.27. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy 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. 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 Monday, April 08, 2024, and so far it has fallen -18.05%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Hippo Holdings Inc. stock
Hippo Holdings Inc. finds support from accumulated volume at $19.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.55 between high and low, or 8.18%. For the last week, the stock has had daily average volatility of 7.77%.
Our recommended stop-loss: $18.83 (-5.94%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (HIPO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Hippo Holdings Inc. to open at $19.86, and during the day (based on 14 day Average True Range), to move between $18.53 and $21.51, which gives a possible trading interval of +/-$1.49 (+/-7.42%) up or down from last closing price. If Hippo Holdings Inc. takes out the full calculated possible swing range there will be an estimated 14.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $19.39 (3.15%) than the resistance at $21.83 (9.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hippo Holdings Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hippo Holdings Inc. stock to perform well in the short-term.
Current score: 1.277 Buy Candidate Unchanged
Predicted Opening Price for Hippo Holdings Inc. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $19.86 ( 0.775%) | $20.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HIPO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.42 | 6.99 % | |
| R2 | 20.83 | 4.02 % | ||
| R1 | 20.46 | 2.19 % | ||
| Current price: | 20.02 | |||
| Support | S1 | 19.27 | -3.74 % | |
| S2 | 18.90 | -5.57 % | ||
| S3 | 18.31 | -8.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.04 | 20.08 % | |
| R2 | 22.01 | 9.94 % | ||
| R1 | 21.83 | 9.04 % | ||
| Current price | 20.02 | |||
| Support | S1 | 19.39 | -3.15% | |
| S2 | 18.45 | -7.84% | ||
| S3 | 17.91 | -10.54% |
FAQ
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