HomeStreet Stock Forecast
High volatility in HomeStreet stock price on Wednesday which ended trading at $10.97
(Updated on May 01, 2024)
The HomeStreet stock price fell by -10.45% on the last day (Wednesday, 1st May 2024) from $12.25 to $10.97. During the last trading day the stock fluctuated 17.13% from a day low at $10.31 to a day high of $12.07. The price has fallen in 7 of the last 10 days and is down by -11.03% for this period. Volume has increased on the last day by 448 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, 614 thousand shares were bought and sold for approximately $6.74 million.
Given the current short-term trend, the stock is expected to fall -6.30% during the next 3 months and, with a 90% probability hold a price between $10.28 and $13.89 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HMST 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 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 $12.15 and $13.65. 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 -28.72%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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 has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.77 between high and low, or 17.13%. For the last week, the stock has had daily average volatility of 7.82%.
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 Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect HomeStreet to open at $11.12, and during the day (based on 14 day Average True Range), to move between $10.27 and $11.67, which gives a possible trading interval of +/-$0.702 (+/-6.40%) up or down from last closing price. If HomeStreet takes out the full calculated possible swing range there will be an estimated 12.80% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $12.53, some $1.56 (14.22%) from the current price of $10.97, our system finds the risk reward not very attractive.
Is HomeStreet stock A Buy?
HomeStreet holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -7.640 Strong Sell Candidate Downgraded
Predicted Opening Price for HomeStreet of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$11.12 ( 1.32%) | $10.97 |
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 | 12.88 | 17.41 % | |
R2 | 12.21 | 11.26 % | ||
R1 | 11.79 | 7.47 % | ||
Current price: | 10.97 | |||
Support | S1 | 10.44 | -4.82 % | |
S2 | 10.02 | -8.62 % | ||
S3 | 9.35 | -14.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.87 | 17.32 % | |
R2 | 12.75 | 16.23 % | ||
R1 | 12.53 | 14.22 % | ||
Current price | 10.97 | |||
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
Click here for our free guide on how to buy HomeStreet Stock.