HarborOne Bancorp Inc Stock Forecast
HarborOne Bancorp Inc stock price up 0.293% on Friday
(Updated on Apr 26, 2024)
The HarborOne Bancorp Inc stock price gained 0.293% on the last trading day (Friday, 26th Apr 2024), rising from $10.23 to $10.26. During the last trading day the stock fluctuated 2.84% from a day low at $10.22 to a day high of $10.51. The price has risen in 6 of the last 10 days and is up by 8.69% over the past 2 weeks. Volume fell on the last day by -61 thousand shares and in total, 253 thousand shares were bought and sold for approximately $2.60 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 in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.87% during the next 3 months and, with a 90% probability hold a price between $8.14 and $9.82 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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HONE Signals & Forecast
The HarborOne Bancorp Inc 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 $9.92 and $9.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 11.76%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for HarborOne Bancorp Inc stock
HarborOne Bancorp Inc finds support from accumulated volume at $10.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.290 between high and low, or 2.84%. For the last week, the stock has had daily average volatility of 3.01%.
Our recommended stop-loss: $9.92 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (HONE) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect HarborOne Bancorp Inc to open at $10.33, and during the day (based on 14 day Average True Range), to move between $9.97 and $10.55, which gives a possible trading interval of +/-$0.292 (+/-2.84%) up or down from last closing price. If HarborOne Bancorp Inc takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $10.27 (0.10%) than the support at $10.08 (1.75%), 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 HarborOne Bancorp Inc stock A Buy?
HarborOne Bancorp Inc 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for HarborOne Bancorp Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $10.33 ( 0.682%) | $10.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HONE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.62 | 3.51 % | |
| R2 | 10.51 | 2.43 % | ||
| R1 | 10.44 | 1.76 % | ||
| Current price: | 10.26 | |||
| Support | S1 | 10.22 | -0.397 % | |
| S2 | 10.15 | -1.06 % | ||
| S3 | 10.04 | -2.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.92 | 6.43 % | |
| R2 | 10.50 | 2.34 % | ||
| R1 | 10.27 | 0.0975 % | ||
| Current price | 10.26 | |||
| Support | S1 | 10.08 | -1.75% | |
| S2 | 10.01 | -2.44% | ||
| S3 | 9.76 | -4.87% |
HONE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | Apr 23, 2024 | $0.0800 | 0.796% |
| 2 | Mar 27, 2024 | Apr 09, 2024 | Apr 24, 2024 | $0.0800 | 0.796% |
| 3 | Dec 21, 2023 | Jan 03, 2024 | Jan 18, 2024 | $0.0750 | 0.669% |
| 4 | Sep 30, 2023 | Oct 13, 2023 | Oct 30, 2023 | $0.0750 | 0.760% |
| 5 | Jun 29, 2023 | Jul 11, 2023 | Jul 26, 2023 | $0.0750 | 0.718% |
FAQ
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