Herbalife LTD Stock Forecast
Green day on Wednesday for Herbalife LTD
(Updated on May 01, 2024)
The Herbalife LTD stock price gained 0.347% on the last trading day (Wednesday, 1st May 2024), rising from $8.65 to $8.68. During the last trading day the stock fluctuated 4.76% from a day low at $8.50 to a day high of $8.91. The price has risen in 6 of the last 10 days and is up by 5.47% 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, 446 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $16.30 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -17.29% during the next 3 months and, with a 90% probability hold a price between $5.76 and $8.76 at the end of this 3-month period.
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HLF Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 13.46%. 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). 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. The Herbalife LTD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $8.91 and $8.77. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Herbalife LTD stock
On the downside, the stock finds support just below today's level from accumulated volume at $8.07 and $8.03. 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, Herbalife LTD finds support just below today's level at $8.07. If this is broken, then the next support from accumulated volume will be at $8.03 and $7.65.
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 $0.405 between high and low, or 4.76%. For the last week, the stock has had daily average volatility of 4.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HLF) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Herbalife LTD to open at $8.70, and during the day (based on 14 day Average True Range), to move between $8.21 and $9.15, which gives a possible trading interval of +/-$0.468 (+/-5.39%) up or down from last closing price. If Herbalife LTD takes out the full calculated possible swing range there will be an estimated 10.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.88 (2.30%) than the support at $8.07 (7.03%), 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
Herbalife LTD will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.370. We will update the financials statements for Herbalife LTD, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.79% in the first trading day after earnings release.
Is Herbalife LTD stock A Buy?
Herbalife LTD holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.483 Sell Candidate Unchanged
Predicted Opening Price for Herbalife LTD of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $8.70 ( 0.173%) | $8.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.10 | 4.84 % | |
| R2 | 8.95 | 3.06 % | ||
| R1 | 8.85 | 1.96 % | ||
| Current price: | 8.68 | |||
| Support | S1 | 8.54 | -1.61 % | |
| S2 | 8.44 | -2.71 % | ||
| S3 | 8.29 | -4.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.11 | 4.95 % | |
| R2 | 8.90 | 2.53 % | ||
| R1 | 8.88 | 2.30 % | ||
| Current price | 8.68 | |||
| Support | S1 | 8.07 | -7.03% | |
| S2 | 8.03 | -7.49% | ||
| S3 | 7.65 | -11.87% |
HLF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 18, 2014 | Feb 28, 2014 | Mar 18, 2014 | $0.150 | 0.567% |
| 2 | Oct 25, 2013 | Nov 07, 2013 | Nov 26, 2013 | $0.150 | 0.433% |
| 3 | Jul 29, 2013 | Aug 09, 2013 | Aug 27, 2013 | $0.150 | 0.480% |
| 4 | Apr 29, 2013 | May 10, 2013 | May 28, 2013 | $0.150 | 0.630% |
| 5 | Feb 19, 2013 | Mar 01, 2013 | Mar 19, 2013 | $0.150 | 0.80% |
FAQ
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