Houlihan Lokey Inc Stock Forecast
Houlihan Lokey Inc stock upgraded to Buy Candidate.
(Updated on Apr 29, 2024)
The Houlihan Lokey Inc stock price gained 1.00% on the last trading day (Monday, 29th Apr 2024), rising from $126.70 to $127.97. During the last trading day the stock fluctuated 1.11% from a day low at $126.93 to a day high of $128.34. The price has been going up and down for this period, and there has been a 3.3% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 117 thousand more shares were traded than the day before. In total, 279 thousand shares were bought and sold for approximately $35.64 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Houlihan Lokey Inc stock with a 90% probability to be traded between $123.17 and $133.59 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HLI Signals & Forecast
The Houlihan Lokey 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 $127.31 and $126.40. A breakdown below any of these levels will issue sell signals. 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 Tuesday, April 23, 2024, and so far it has fallen -1.35%. 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).
A buy signal from a double bottom formation was found on Thursday, April 18, 2024 and based on theory for this formation the price should go up by 7.50% to $137.56 within 22 trading days since signal was issued (Tuesday, April 30, 2024).
Support, Risk & Stop-loss for Houlihan Lokey Inc stock
Houlihan Lokey Inc finds support from accumulated volume at $126.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.41 (1.11%) between high and low. For the last week, the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: $122.09 (-4.59%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (HLI) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Houlihan Lokey Inc to open at $127.75, and during the day (based on 14 day Average True Range), to move between $125.29 and $130.65, which gives a possible trading interval of +/-$2.68 (+/-2.09%) up or down from last closing price. If Houlihan Lokey Inc takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $128.00 (0.02%) than the support at $126.90 (0.84%), 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 Houlihan Lokey Inc stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Houlihan Lokey Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.517 Buy Candidate Upgraded
Predicted Opening Price for Houlihan Lokey Inc of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $127.75 ( 0.175%) | $127.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 129.16 | 0.93 % | |
| R2 | 128.62 | 0.506 % | ||
| R1 | 128.29 | 0.246 % | ||
| Current price: | 127.97 | |||
| Support | S1 | 127.21 | -0.595 % | |
| S2 | 126.88 | -0.86 % | ||
| S3 | 126.34 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 128.99 | 0.797 % | |
| R2 | 128.73 | 0.594 % | ||
| R1 | 128.00 | 0.0234 % | ||
| Current price | 127.97 | |||
| Support | S1 | 126.90 | -0.84% | |
| S2 | 124.27 | -2.89% | ||
| S3 | 124.08 | -3.04% |
HLI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.550 | 0.443% |
| 2 | Oct 26, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.550 | 0.451% |
| 3 | Jul 27, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.550 | 0.503% |
| 4 | May 09, 2023 | Jun 01, 2023 | Sep 15, 2023 | $0.550 | 0.503% |
| 5 | Jan 31, 2023 | Mar 01, 2023 | Mar 15, 2023 | $0.530 | 0.589% |
FAQ
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