Tekla Healthcare Investors Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Tekla Healthcare Investors stock price ended at $17.60 on Tuesday, after gaining 0.744%.
(Updated on Jul 02, 2024)
The Tekla Healthcare Investors stock price gained 0.744% on the last trading day (Tuesday, 2nd Jul 2024), rising from $17.47 to $17.60. It has now gained 4 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 0.92% from a day low at $17.46 to a day high of $17.62. The price has risen in 7 of the last 10 days and is up by 3.47% 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, 28 thousand more shares were traded than the day before. In total, 147 thousand shares were bought and sold for approximately $2.59 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.66% during the next 3 months and, with a 90% probability hold a price between $18.03 and $19.65 at the end of this 3-month period.
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HQH Signals & Forecast
Mostly positive signals in the chart today. The Tekla Healthcare Investors 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 $17.43 and $17.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 8.17%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Tekla Healthcare Investors stock
On the downside, the stock finds support just below today's level from accumulated volume at $16.28 and $16.08. 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, Tekla Healthcare Investors finds support just below today's level at $16.28. If this is broken, then the next support from accumulated volume will be at $16.08 and $15.95.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.160 between high and low, or 0.92%. For the last week the stock has had daily average volatility of 0.90%.
Our recommended stop-loss: $16.96 (-3.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (HQH) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Tekla Healthcare Investors to open at $17.56, and during the day (based on 14 day Average True Range), to move between $17.40 and $17.80, which gives a possible trading interval of +/-$0.204 (+/-1.16%) up or down from last closing price. If Tekla Healthcare Investors takes out the full calculated possible swing range there will be an estimated 2.32% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $16.28, some $1.32 (7.50%) from the current price of $17.60, our system finds the risk reward attractive.
Is Tekla Healthcare Investors stock A Buy?
Tekla Healthcare Investors holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.971 Strong Buy Candidate Unchanged
Predicted Opening Price for Tekla Healthcare Investors of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $17.56 ( 0.227%) | $17.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HQH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 17.72 | 0.682% |
| R2 | 17.66 | 0.335% |
| R1 | 17.62 | 0.120% |
| Price | 17.60 | |
| S1 | 17.50 | -0.575% |
| S2 | 17.46 | -0.789% |
| S3 | 17.40 | -1.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 17.60 | |
| S1 | 16.28 | -7.50% |
| S2 | 16.08 | -8.64% |
| S3 | 15.95 | -9.38% |
HQH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | Jun 28, 2024 | $0.590 | 3.38% |
| 2 | Feb 09, 2024 | Feb 21, 2024 | Mar 28, 2024 | $0.480 | 2.85% |
| 3 | Nov 09, 2023 | Nov 21, 2023 | Jan 10, 2024 | $0.380 | 2.18% |
| 4 | Aug 15, 2023 | Aug 24, 2023 | Sep 29, 2023 | $0.400 | 2.57% |
| 5 | May 15, 2023 | May 24, 2023 | Jun 30, 2023 | $0.400 | 2.35% |
FAQ
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