HireRight Holdings Corporation Stock Forecast
Red day on Wednesday for HireRight Holdings Corporation
(Updated on Apr 24, 2024)
The HireRight Holdings Corporation stock price fell by -0.419% on the last day (Wednesday, 24th Apr 2024) from $14.33 to $14.27. During the last trading day the stock fluctuated 0.631% from a day low at $14.26 to a day high of $14.35. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 64 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, 220 thousand shares were bought and sold for approximately $3.14 million.
The stock lies in the middle of a strong 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 14.75% during the next 3 months and, with a 90% probability hold a price between $16.13 and $17.06 at the end of this 3-month period.
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HRT Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -0.488%. 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 HireRight Holdings Corporation 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 $14.27 and $14.25. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for HireRight Holdings Corporation stock
HireRight Holdings Corporation finds support from accumulated volume at $14.24 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 $0.0900 between high and low, or 0.631%. For the last week the stock has had daily average volatility of 0.421%.
Our recommended stop-loss: $13.45 (-5.77%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (HRT) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect HireRight Holdings Corporation to open at $14.29, and during the day (based on 14 day Average True Range), to move between $14.21 and $14.33, which gives a possible trading interval of +/-$0.0597 (+/-0.42%) up or down from last closing price. If HireRight Holdings Corporation takes out the full calculated possible swing range there will be an estimated 0.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.29 (0.14%) than the support at $14.24 (0.21%), 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 HireRight Holdings Corporation 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 HireRight Holdings Corporation stock to perform well in the short-term.
Current score: 2.651 Buy Candidate Unchanged
Predicted Opening Price for HireRight Holdings Corporation of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $14.29 ( 0.164%) | $14.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HRT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.38 | 0.794 % | |
| R2 | 14.35 | 0.553 % | ||
| R1 | 14.33 | 0.404 % | ||
| Current price: | 14.27 | |||
| Support | S1 | 14.26 | -0.0774 % | |
| S2 | 14.24 | -0.226 % | ||
| S3 | 14.20 | -0.467 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.34 | 0.491 % | |
| R2 | 14.32 | 0.350 % | ||
| R1 | 14.29 | 0.140 % | ||
| Current price | 14.27 | |||
| Support | S1 | 14.24 | -0.210% | |
| S2 | 14.16 | -0.771% | ||
| S3 | 14.13 | -0.98% |
FAQ
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