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AI Analysis of HIW
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Red day on Friday for Highwoods Properties Inc stock after losing 1.07%
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jun 28, 2024 Gain 5.63% PDF

The Highwoods Properties Inc stock price fell by -1.07% on the last day (Friday, 19th Jul 2024) from $28.05 to $27.75. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.96% from a day low at $27.55 to a day high of $28.09. The price has risen in 7 of the last 10 days and is up by 6.85% over the past 2 weeks. Volume has increased on the last day by 88 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, 608 thousand shares were bought and sold for approximately $16.88 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 3.96% during the next 3 months and, with a 90% probability hold a price between $26.04 and $30.28 at the end of this 3-month period.

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HIW Signals & Forecast

The Highwoods Properties 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 $28.24. On a fall, the stock will find some support from the long-term average at approximately $26.30. 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). 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 Tuesday, July 16, 2024, and so far it has fallen -4.54%. Further fall is indicated until a new bottom pivot has been found. 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 Highwoods Properties Inc stock

Highwoods Properties Inc finds support from accumulated volume at $26.60 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 $0.540 between high and low, or 1.96%. For the last week, the stock has had daily average volatility of 2.81%.

Our recommended stop-loss: $26.62 (-4.08%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 35 days ago.)

Trading Expectations (HIW) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Highwoods Properties Inc to open at $27.80, and during the day (based on 14 day Average True Range), to move between $27.04 and $28.46, which gives a possible trading interval of +/-$0.707 (+/-2.55%) up or down from last closing price. If Highwoods Properties Inc takes out the full calculated possible swing range there will be an estimated 5.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $27.96 (0.76%) than the support at $26.60 (4.14%), 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.

Earnings coming up

Highwoods Properties Inc will release earnings AMC on Tuesday, July 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.90. We will update the financials statements for Highwoods Properties Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.50% in the first trading day after earnings release.

Is Highwoods Properties 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 Highwoods Properties Inc stock to perform well in the short-term.

Current score: 1.843 Buy Candidate Unchanged

Predicted Opening Price for Highwoods Properties Inc of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$27.80 ( 0.168%) $27.75

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HIW

Fibonacci Support & Resistance Levels

Level Price
R3 28.34 2.11%
R2 28.13 1.37%
R1 28.00 0.91%
Price 27.75
S1 27.59 -0.575%
S2 27.46 -1.03%
S3 27.26 -1.78%

Accumulated Volume Support & Resistance Levels

Level Price
R3 29.07 4.76%
R2 28.50 2.70%
R1 27.96 0.757%
Price 27.75
S1 26.60 -4.14%
S2 26.20 -5.59%
S3 25.68 -7.46%

HIW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 19, 2024 Aug 19, 2024 Sep 10, 2024 $0.500 1.80%
2 Apr 17, 2024 May 17, 2024 Jun 11, 2024 $0.500 2.04%
3 Jan 31, 2024 Feb 16, 2024 Mar 12, 2024 $0.500 2.03%
4 Oct 18, 2023 Nov 17, 2023 Dec 12, 2023 $0.500 2.37%
5 Jul 19, 2023 Aug 18, 2023 Sep 12, 2023 $0.500 2.17%

FAQ

What is the symbol for Highwoods Properties Inc Stock and on which exchange is it traded?
The symbol for Highwoods Properties Inc is HIW and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Highwoods Properties Inc Stock?
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 Highwoods Properties Inc stock to perform well in the short-term.

How to buy Highwoods Properties Inc Stock?
Highwoods Properties Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Highwoods Properties Inc Stock.

What's the current price of Highwoods Properties Inc Stock?
As of the end of day on the Jul 19, 2024, the price of an Highwoods Properties Inc (HIW) share was $27.75.

What is the 52-week high and low for Highwoods Properties Inc Stock?
The 52-week high for Highwoods Properties Inc Stock is $29.56 and the 52-week low is $17.06.

What is the market capitalization of Highwoods Properties Inc Stock?
As of the Jul 19, 2024, the market capitalization of Highwoods Properties Inc is 2.941B.

When is the next earnings date for Highwoods Properties Inc?
The upcoming earnings date for Highwoods Properties Inc is Jul 23, 2024.
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About Highwoods Properties Inc

Highwoods Properties Highwoods Properties, Inc., headquartered in Raleigh, is a publicly-traded (NYSE:HIW) real estate investment trust (“REIT”) and a member of the S&P MidCap 400 Index. Highwoods is a fully-integrated office REIT that owns, develops, acquires, leases and manages properties primarily in the best business districts (BBDs) of Atlanta, Charlotte, Nashville, Orlando, Pittsburgh, Raleigh, Richmond and Tampa.... HIW Profile

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