Horace Mann Educators Corporation Stock Forecast
Horace Mann Educators Corporation stock price ended at $36.36 on Friday, after gaining 2.71%.
(Updated on Apr 19, 2024)
The Horace Mann Educators Corporation stock price gained 2.71% on the last trading day (Friday, 19th Apr 2024), rising from $35.40 to $36.36. During the last trading day the stock fluctuated 2.56% from a day low at $35.50 to a day high of $36.41. The price has fallen in 7 of the last 10 days but is still up by 1.45% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 161 thousand shares were bought and sold for approximately $5.84 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 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 $36.86 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 -2.99% during the next 3 months and, with a 90% probability hold a price between $33.02 and $35.76 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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HMN Signals & Forecast
The Horace Mann Educators Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $34.76 and $35.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 6.60%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Horace Mann Educators Corporation stock
Horace Mann Educators Corporation finds support from accumulated volume at $35.40 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 $0.91 (2.56%) between high and low. For the last week, the stock has had daily average volatility of 2.05%.
Our recommended stop-loss: $35.07 (-3.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (HMN) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Horace Mann Educators Corporation to open at $36.09, and during the day (based on 14 day Average True Range), to move between $35.68 and $37.04, which gives a possible trading interval of +/-$0.675 (+/-1.86%) up or down from last closing price. If Horace Mann Educators Corporation takes out the full calculated possible swing range there will be an estimated 3.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.62 (0.72%) than the support at $35.40 (2.64%), 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 Horace Mann Educators Corporation stock A Buy?
Horace Mann Educators Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.165 Hold/Accumulate Unchanged
Predicted Opening Price for Horace Mann Educators Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $36.09 ( 0.743%) | $36.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HMN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.00 | 1.76 % | |
| R2 | 36.65 | 0.80 % | ||
| R1 | 36.44 | 0.213 % | ||
| Current price: | 36.36 | |||
| Support | S1 | 35.74 | -1.70 % | |
| S2 | 35.53 | -2.29 % | ||
| S3 | 35.18 | -3.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 37.03 | 1.84 % | |
| R2 | 36.83 | 1.29 % | ||
| R1 | 36.62 | 0.715 % | ||
| Current price | 36.36 | |||
| Support | S1 | 35.40 | -2.64% | |
| S2 | 35.22 | -3.14% | ||
| S3 | 35.21 | -3.16% |
HMN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.340 | 0.92% |
| 2 | Dec 04, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.330 | 1.01% |
| 3 | Sep 05, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.330 | 1.12% |
| 4 | May 24, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.330 | 1.11% |
| 5 | Mar 06, 2023 | Mar 15, 2023 | Mar 31, 2023 | $0.330 | 0.99% |
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