Hamilton Lane Inc Stock Forecast
Green day on Friday for Hamilton Lane Inc
(Updated on Apr 26, 2024)
The Hamilton Lane Inc stock price gained 1.01% on the last trading day (Friday, 26th Apr 2024), rising from $113.38 to $114.53. During the last trading day the stock fluctuated 2.46% from a day low at $112.10 to a day high of $114.86. The price has risen in 6 of the last 10 days and is up by 3.62% over the past 2 weeks. Volume fell on the last day by -28 thousand shares and in total, 150 thousand shares were bought and sold for approximately $17.20 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $115.21 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 -5.14% during the next 3 months and, with a 90% probability hold a price between $97.67 and $109.30 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
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -1.71%. 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). 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 $112.28 and $110.59. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Hamilton Lane Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $108.77 and $107.81. 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, Hamilton Lane Inc finds support just below today's level at $108.77. If this is broken, then the next support from accumulated volume will be at $107.81 and $107.03.
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 $2.76 between high and low, or 2.46%. For the last week the stock has had daily average volatility of 2.19%.
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 Monday 29th
For the upcoming trading day on Monday, 29th we expect Hamilton Lane Inc to open at $113.83, and during the day (based on 14 day Average True Range), to move between $111.94 and $117.12, which gives a possible trading interval of +/-$2.59 (+/-2.26%) up or down from last closing price. If Hamilton Lane Inc takes out the full calculated possible swing range there will be an estimated 4.52% 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 (0.28%) than the support at $108.77 (5.03%), 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.
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.
Current score: -1.602 Sell Candidate Unchanged
Predicted Opening Price for Hamilton Lane Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $113.83 ( 0.611%) | $114.53 |
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 | 116.59 | 1.80 % | |
| R2 | 115.54 | 0.88 % | ||
| R1 | 114.88 | 0.309 % | ||
| Current price: | 114.53 | |||
| Support | S1 | 112.78 | -1.53 % | |
| S2 | 112.12 | -2.10 % | ||
| S3 | 111.07 | -3.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 119.44 | 4.29 % | |
| R2 | 116.95 | 2.11 % | ||
| R1 | 114.85 | 0.279 % | ||
| Current price | 114.53 | |||
| Support | S1 | 108.77 | -5.03% | |
| S2 | 107.81 | -5.87% | ||
| S3 | 107.03 | -6.55% |
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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