0% commission for ETF tradesHighwoods Properties Inc Stock Forecast
AI Analysis of HIW
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Stronger technical forecast for Highwoods Properties Inc stock price after Friday trading.
(Updated on Sep 13, 2024)
The Highwoods Properties Inc stock price gained 1.39% on the last trading day (Friday, 13th Sep 2024), rising from $32.39 to $32.84. It has now gained 5 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 1.17% from a day low at $32.49 to a day high of $32.87. The price has risen in 7 of the last 10 days and is up by 3.69% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 124 thousand more shares were traded than the day before. In total, 542 thousand shares were bought and sold for approximately $17.81 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $32.55 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 28.13% during the next 3 months and, with a 90% probability hold a price between $41.71 and $44.57 at the end of this 3-month period.
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HIW Signals & Forecast
The Highwoods Properties Inc 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 $32.02 and $31.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, August 05, 2024, and so far it has risen 12.01%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Highwoods Properties Inc stock
Highwoods Properties Inc finds support from accumulated volume at $31.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.380 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: $31.62 (-3.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (HIW) For The Upcoming Trading Day Of Monday 16th
For the upcoming trading day on Monday, 16th we expect Highwoods Properties Inc to open at $32.73, and during the day (based on 14 day Average True Range), to move between $32.18 and $33.50, which gives a possible trading interval of +/-$0.665 (+/-2.02%) up or down from last closing price. If Highwoods Properties Inc takes out the full calculated possible swing range there will be an estimated 4.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $31.26, some $1.58 (4.81%) from the current price of $32.84, our system finds the risk reward attractive.
Is Highwoods Properties Inc stock A Buy?
Highwoods Properties Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
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Current score: 6.069 Strong Buy Candidate Upgraded
Predicted Opening Price for Highwoods Properties Inc of Monday, September 16, 2024
| Fair opening price September 16, 2024 | Current price |
|---|---|
| $32.73 ( 0.325%) | $32.84 |
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 | 33.11 | 0.83% |
| R2 | 32.97 | 0.390% |
| R1 | 32.88 | 0.117% |
| Price | 32.84 | |
| S1 | 32.59 | -0.767% |
| S2 | 32.50 | -1.04% |
| S3 | 32.35 | -1.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 32.84 | |
| S1 | 31.26 | -4.81% |
| S2 | 30.97 | -5.69% |
| S3 | 29.19 | -11.11% |
HIW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 19, 2024 | Aug 19, 2024 | Sep 10, 2024 | $0.500 | 1.57% |
| 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
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