Red day on Monday for HMN Financial stock after losing 0.11%
(Updated on Sep 26, 2022)
Sell candidate since 2022-09-22 Loss -2.19% PDF
The HMN Financial stock price fell by -0.11% on the last day (Monday, 26th Sep 2022) from $22.38 to $22.35. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.97% from a day low at $22.30 to a day high of $22.74. The price has fallen in 7 of the last 10 days and is down by -1.67% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 2 thousand shares were bought and sold for approximately $51.87 thousand.
Given the current horizontal trend, you can expect HMN Financial stock with a 90% probability to be traded between $22.33 and $23.63 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.
Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The HMN Financial stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $23.00 and $22.73. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, September 16, 2022, and so far it has fallen -5.50%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.44 between high and low, or 1.97%. For the last week the stock has had daily average volatility of 2.22%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations For The Upcoming Trading Day Of Tuesday 27th
For the upcoming trading day on Tuesday, 27th we expect HMN Financial to open at $22.46, and during the day (based on 14 day Average True Range), to move between $21.96 and $22.74, which gives a possible trading interval of +/-$0.39 (+/-1.74%) up or down from last closing price. If HMN Financial takes out the full calculated possible swing range there will be an estimated 3.47% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.17 (0.76%) our system find the risk reward not very attractive.
Is HMN Financial stock A Buy?
HMN Financial holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.880Sell Candidate Unchanged
Predicted Opening Price for HMN Financial of Tuesday, September 27, 2022
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price September 27, 2022||Current price|
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About HMN Financial
HMN Financial, Inc. operates as a bank holding company for Home Federal Savings Bank that provides various retail banking products and services. The company offers various deposit accounts, such as savings, interest bearing checking, non-interest bearing checking, money market, and certificate accounts. Its loan products include single family residential loans; commercial real estate and multi-family mortgage loans; construction loans; consumer l... HMNF Profile
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