Hamilton Lane Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Hamilton Lane Inc stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Hamilton Lane Inc stock price gained 3.36% on the last trading day (Tuesday, 2nd Jul 2024), rising from $123.12 to $127.26. During the last trading day the stock fluctuated 3.01% from a day low at $123.56 to a day high of $127.28. The price has risen in 6 of the last 10 days and is up by 10.16% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 224 thousand shares were bought and sold for approximately $28.51 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 in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.01% during the next 3 months and, with a 90% probability hold a price between $127.88 and $146.40 at the end of this 3-month period.
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HLNE Signals & Forecast
Mostly positive signals in the chart today. 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 $121.12 and $120.44. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 10.16%. 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 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
Hamilton Lane Inc finds support from accumulated volume at $126.95 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 $3.72 (3.01%) between high and low. For the last week, the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: $121.60 (-4.45%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (HLNE) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Hamilton Lane Inc to open at $126.03, and during the day (based on 14 day Average True Range), to move between $124.04 and $130.48, which gives a possible trading interval of +/-$3.22 (+/-2.53%) up or down from last closing price. If Hamilton Lane Inc takes out the full calculated possible swing range there will be an estimated 5.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $126.95 (0.24%) than the resistance at $130.00 (2.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hamilton Lane Inc stock A Buy?
Hamilton Lane Inc holds several positive signals and is within a weak 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.
Current score: 6.793 Strong Buy Candidate Upgraded
Predicted Opening Price for Hamilton Lane Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $126.03 ( 0.96%) | $127.26 |
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 | |
|---|---|---|
| R3 | 129.75 | 1.96% |
| R2 | 128.33 | 0.84% |
| R1 | 127.45 | 0.153% |
| Price | 127.26 | |
| S1 | 124.61 | -2.08% |
| S2 | 123.73 | -2.77% |
| S3 | 122.31 | -3.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 130.00 | 2.15% |
| Price | 127.26 | |
| S1 | 126.95 | -0.244% |
| S2 | 125.49 | -1.39% |
| S3 | 123.58 | -2.89% |
HLNE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | Jun 14, 2024 | Jul 05, 2024 | $0.490 | 0.385% |
| 2 | Feb 06, 2024 | Mar 14, 2024 | Apr 04, 2024 | $0.445 | 0.401% |
| 3 | Dec 14, 2023 | Dec 14, 2023 | Jan 05, 2024 | $0.445 | 0.413% |
| 4 | Aug 07, 2023 | Sep 14, 2023 | Oct 05, 2023 | $0.445 | 0.503% |
| 5 | Aug 07, 2023 | Jun 14, 2023 | Jul 07, 2023 | $0.445 | 0.569% |
FAQ
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