Hamilton Lane Inc Stock Forecast
Hamilton Lane Inc stock downgraded to Sell Candidate
(Updated on Apr 25, 2024)
The Hamilton Lane Inc stock price gained 0.0353% on the last trading day (Thursday, 25th Apr 2024), rising from $113.34 to $113.38. During the last trading day the stock fluctuated 2.65% from a day low at $110.70 to a day high of $113.63. The price has been going up and down for this period, and there has been a -0.74% loss 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, 30 thousand more shares were traded than the day before. In total, 178 thousand shares were bought and sold for approximately $20.23 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $115.23 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.47% during the next 3 months and, with a 90% probability hold a price between $97.24 and $108.93 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HLNE Signals & Forecast
The Hamilton Lane 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 $111.67 and $110.42. 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 09, 2024, and so far it has fallen -2.69%. 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).
Support, Risk & Stop-loss for Hamilton Lane Inc stock
Hamilton Lane Inc finds support from accumulated volume at $108.77 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 $2.93 between high and low, or 2.65%. For the last week the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HLNE) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Hamilton Lane Inc to open at $112.57, and during the day (based on 14 day Average True Range), to move between $110.81 and $115.95, which gives a possible trading interval of +/-$2.57 (+/-2.27%) up or down from last closing price. If Hamilton Lane Inc takes out the full calculated possible swing range there will be an estimated 4.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $114.85 (1.30%) than the support at $108.77 (4.07%), 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 Hamilton Lane Inc stock A Buy?
Hamilton Lane Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.084 Sell Candidate Downgraded
Predicted Opening Price for Hamilton Lane Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $112.57 ( 0.714%) | $113.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLNE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 115.50 | 1.87 % | |
| R2 | 114.38 | 0.88 % | ||
| R1 | 113.69 | 0.273 % | ||
| Current price: | 113.38 | |||
| Support | S1 | 111.45 | -1.70 % | |
| S2 | 110.76 | -2.31 % | ||
| S3 | 109.64 | -3.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 119.44 | 5.34 % | |
| R2 | 116.95 | 3.15 % | ||
| R1 | 114.85 | 1.30 % | ||
| Current price | 113.38 | |||
| Support | S1 | 108.77 | -4.07% | |
| S2 | 107.81 | -4.91% | ||
| S3 | 107.03 | -5.60% |
HLNE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Mar 14, 2024 | Apr 04, 2024 | $0.445 | 0.401% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Jan 05, 2024 | $0.445 | 0.413% |
| 3 | Aug 07, 2023 | Sep 14, 2023 | Oct 05, 2023 | $0.445 | 0.503% |
| 4 | Aug 07, 2023 | Jun 14, 2023 | Jul 07, 2023 | $0.445 | 0.569% |
| 5 | Jun 12, 2023 | Mar 14, 2023 | Apr 06, 2023 | $0.400 | 0.564% |
FAQ
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