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AI Analysis of HMST
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HomeStreet stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Dec 08, 2023)

Buy or Hold candidate since Nov 29, 2023 Gain 16.57% PDF
The HomeStreet stock price gained 4.2119565217391% on the last trading day (Friday, 8th Dec 2023), rising from $7.36 to $7.67. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.41% from a day low at $7.40 to a day high of $7.80. The price has risen in 7 of the last 10 days and is up by 23.51% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 90 thousand more shares were traded than the day before. In total, 179 thousand shares were bought and sold for approximately $1.37 million.

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Given the current short-term trend, the stock is expected to fall -22.01% during the next 3 months and, with a 90% probability hold a price between $2.74 and $5.98 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.

HMST Signals & Forecast

The HomeStreet 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 $7.34 and $6.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, October 27, 2023, and so far it has risen 70.26%. Further rise is indicated until a new top pivot has been found. HomeStreet has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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).

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Support, Risk & Stop-loss for HomeStreet stock

On the downside, the stock finds support just below today's level from accumulated volume at $6.69 and $6.48. 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, HomeStreet finds support just below today's level at $6.69. If this is broken, then the next support from accumulated volume will be at $6.48 and $6.35.

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 $0.400 between high and low, or 5.41%. For the last week, the stock has had daily average volatility of 5.00%.

Our recommended stop-loss: $7.39 (-3.70%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 29 days ago.)

Trading Expectations (HMST) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect HomeStreet to open at $7.62, and during the day (based on 14 day Average True Range), to move between $7.22 and $8.12, which gives a possible trading interval of +/-$0.455 (+/-5.93%) up or down from last closing price. If HomeStreet takes out the full calculated possible swing range there will be an estimated 11.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.17 (6.52%) than the support at $6.69 (12.78%), 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 HomeStreet stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.072 Open Broker Account

Buy Candidate Upgraded

Predicted Opening Price for HomeStreet of Monday, December 11, 2023

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price December 11, 2023 Current price
$7.62 $7.67 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.02 4.61 %
R2 7.87 2.61 %
R1 7.78 1.38 %
Current price: 7.67
Support S1 7.47 -2.60 %
S2 7.38 -3.83 %
S3 7.22 -5.82 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9.20 19.95 %
R2 8.58 11.86 %
R1 8.17 6.52 %
Current price 7.67
Support S1 6.69 -12.78%
S2 6.48 -15.51%
S3 6.35 -17.21%
What is the symbol for HomeStreet Stock and on which exchange is it traded?
The symbol for HomeStreet is HMST and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell HomeStreet Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy HomeStreet Stock?
HomeStreet Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy HomeStreet Stock.

What's the current price of HomeStreet Stock?
As of the end of day on the 2023-12-08, the price of an HomeStreet (HMST) share was $7.67.

What is the 52-week high and low for HomeStreet Stock?
The 52-week high for HomeStreet Stock is $30.15 and the 52-week low is $4.20.

What is the market capitalization of HomeStreet Stock?
As of the 2023-12-08, the market capitalization of HomeStreet is 144.273M.

When is the next earnings date for HomeStreet?
The upcoming earnings date for HomeStreet is 2024-01-26 00:00:00.

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About HomeStreet

HomeStreet HomeStreet, Inc. operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services primarily in the Western United States. The company offers personal and business checking, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; credit cards; insurance; and treasury management products and services. Its loa... HMST Profile

HMST Dividend Data


Dividend Yield (TTM)
Payout Ratio (TTM) -96.11%
Frequency Quarterly
Amount Per Share $0.100
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