Hertz Global Holdings Inc Stock Forecast
Hertz Global Holdings Inc stock price ended at £2,105.00 on Wednesday, after losing 0.94%.
(Updated on Mar 27, 2024)
The Hertz Global Holdings Inc stock price fell by -0.94% on the last day (Wednesday, 27th Mar 2024) from £2,125.00 to £2,105.00. During the last trading day the stock fluctuated 1.74% from a day low at £2,093.60 to a day high of £2,130.00. The price has fallen in 5 of the last 10 days and is down by -0.94% for this period. Volume has increased on the last day by 2 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, 54 thousand shares were bought and sold for approximately £112.77 million.
The stock lies in the lower part of a narrow and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £2,097.19 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.58% during the next 3 months and, with a 90% probability hold a price between £2,402.97 and £2,518.14 at the end of this 3-month period.
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HRI.L Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -1.64%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Hertz Global Holdings 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 £2,102.14 and £2,088.57. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Hertz Global Holdings Inc stock
Hertz Global Holdings Inc finds support from accumulated volume at £2,080.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 £36.40 between high and low, or 1.74%. For the last week the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: £2,034.93 (-3.33%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (HRI.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Hertz Global Holdings Inc to open at £2,109.53, and during the day (based on 14 day Average True Range), to move between £2,074.01 and £2,135.99, which gives a possible trading interval of +/-£30.99 (+/-1.47%) up or down from last closing price. If Hertz Global Holdings Inc takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £2,115.00 (0.48%) than the support at £2,080.00 (1.19%), 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 Hertz Global Holdings Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hertz Global Holdings Inc stock to perform well in the short-term.
Current score: 2.836 Buy Candidate Unchanged
Predicted Opening Price for Hertz Global Holdings Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£2,109.53 ( 0.215%) | £2,105.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HRI.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,145.93 | 1.94 % | |
R2 | 2,132.03 | 1.28 % | ||
R1 | 2,123.44 | 0.88 % | ||
Current price: | 2,105.00 | |||
Support | S1 | 2,095.63 | -0.445 % | |
S2 | 2,087.04 | -0.85 % | ||
S3 | 2,073.13 | -1.51 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,140.00 | 1.66 % | |
R2 | 2,125.00 | 0.95 % | ||
R1 | 2,115.00 | 0.475 % | ||
Current price | 2,105.00 | |||
Support | S1 | 2,080.00 | -1.19% | |
S2 | 2,075.00 | -1.43% | ||
S3 | 1,892.00 | -10.12% |
HRI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2013 | Apr 10, 2013 | May 03, 2013 | £1.00 | 0.184% |
2 | Feb 15, 2012 | Apr 04, 2012 | May 03, 2012 | £1.00 | 0.195% |
3 | Feb 17, 2010 | Apr 07, 2010 | Apr 29, 2010 | £0.300 | 0.0790% |
4 | Apr 05, 2010 | Apr 05, 2010 | Apr 05, 2010 | £0.300 | 0.0808% |
5 | Apr 01, 2010 | Apr 01, 2010 | Apr 01, 2010 | £0.300 | 0.0808% |
FAQ
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