HomeStreet Stock Forecast
HomeStreet stock price down 0.89% on Thursday
(Updated on Apr 18, 2024)
The HomeStreet stock price fell by -0.89% on the last day (Thursday, 18th Apr 2024) from $12.33 to $12.22. During the last trading day the stock fluctuated 2.38% from a day low at $12.21 to a day high of $12.50. The price has fallen in 7 of the last 10 days and is down by -12.78% for this period. Volume has increased on the last day by 22 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 59 thousand shares were bought and sold for approximately $722.07 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $12.22 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.55% during the next 3 months and, with a 90% probability hold a price between $11.90 and $14.84 at the end of this 3-month period.
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HMST Signals & Forecast
There are few to no technical positive signals at the moment. The HomeStreet stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $12.56 and $14.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -20.60%. 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). HomeStreet gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for HomeStreet stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.290 between high and low, or 2.38%. For the last week, the stock has had daily average volatility of 3.75%.
HomeStreet is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HMST) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect HomeStreet to open at $12.31, and during the day (based on 14 day Average True Range), to move between $11.65 and $12.79, which gives a possible trading interval of +/-$0.569 (+/-4.66%) up or down from last closing price. If HomeStreet takes out the full calculated possible swing range there will be an estimated 9.31% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $12.53, some $0.310 (2.54%) from the current price of $12.22, our system finds the risk reward not very attractive.
Earnings coming up
HomeStreet will release earnings BMO on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0600. We will update the financials statements for HomeStreet, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.80% in the first trading day after earnings release.
Is HomeStreet stock A Buy?
HomeStreet holds several negative signals and is within a wide and 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: -1.947 Sell Candidate Unchanged
Predicted Opening Price for HomeStreet of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $12.31 ( 0.736%) | $12.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HMST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.60 | 3.11 % | |
| R2 | 12.49 | 2.20 % | ||
| R1 | 12.42 | 1.64 % | ||
| Current price: | 12.22 | |||
| Support | S1 | 12.20 | -0.170 % | |
| S2 | 12.13 | -0.730 % | ||
| S3 | 12.02 | -1.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.99 | 22.67 % | |
| R2 | 12.75 | 4.34 % | ||
| R1 | 12.53 | 2.54 % | ||
| Current price | 12.22 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
HMST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 26, 2023 | Nov 07, 2023 | Nov 22, 2023 | $0.100 | 1.64% |
| 2 | Jul 27, 2023 | Aug 08, 2023 | Aug 23, 2023 | $0.100 | 1.09% |
| 3 | Apr 24, 2023 | May 09, 2023 | May 24, 2023 | $0.100 | 1.51% |
| 4 | Jan 27, 2023 | Feb 07, 2023 | Feb 22, 2023 | $0.350 | 1.35% |
| 5 | Oct 28, 2022 | Nov 07, 2022 | Nov 22, 2022 | $0.350 | 1.32% |
FAQ
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