Heritage Insurance Holdings Inc Stock Forecast
Stronger technical forecast for Heritage Insurance Holdings Inc stock price after Wednesday trading.
(Updated on Jul 03, 2024)
The Heritage Insurance Holdings Inc stock price gained 1.73% on the last trading day (Wednesday, 3rd Jul 2024), rising from $6.36 to $6.47. During the last trading day the stock fluctuated 4.72% from a day low at $6.35 to a day high of $6.65. The price has fallen in 7 of the last 10 days and is down by -13.73% for this period. Volume fell on the last day by -479 thousand shares and in total, 415 thousand shares were bought and sold for approximately $2.68 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 lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.30 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -30.80% during the next 3 months and, with a 90% probability hold a price between $4.36 and $5.44 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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HRTG Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2024, and so far it has risen 1.73%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Heritage Insurance Holdings Inc 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 $6.82 and $7.91. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Heritage Insurance Holdings Inc stock
Heritage Insurance Holdings Inc finds support from accumulated volume at $6.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.300 between high and low, or 4.72%. For the last week, the stock has had daily average volatility of 6.21%.
Heritage Insurance Holdings Inc is oversold on RSI14 (19). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HRTG) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Heritage Insurance Holdings Inc to open at $6.49, and during the day (based on 14 day Average True Range), to move between $6.09 and $6.85, which gives a possible trading interval of +/-$0.379 (+/-5.86%) up or down from last closing price. If Heritage Insurance Holdings Inc takes out the full calculated possible swing range there will be an estimated 11.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.36 (1.70%) than the resistance at $6.78 (4.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Heritage Insurance Holdings Inc stock A Buy?
Heritage Insurance Holdings Inc holds several negative signals and is within a 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.529 Sell Candidate Upgraded
Predicted Opening Price for Heritage Insurance Holdings Inc of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $6.49 ( 0.309%) | $6.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HRTG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.79 | 4.95% |
| R2 | 6.68 | 3.17% |
| R1 | 6.60 | 2.08% |
| Price | 6.47 | |
| S1 | 6.38 | -1.46% |
| S2 | 6.30 | -2.56% |
| S3 | 6.19 | -4.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.97 | 23.18% |
| R2 | 7.88 | 21.79% |
| R1 | 6.78 | 4.79% |
| Price | 6.47 | |
| S1 | 6.36 | -1.70% |
| S2 | 0 | - |
| S3 | 0 | - |
HRTG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 05, 2022 | Jun 13, 2022 | Jul 05, 2022 | $0.0600 | 2.30% |
| 2 | Mar 07, 2022 | Mar 16, 2022 | Apr 06, 2022 | $0.0600 | 0.94% |
| 3 | Nov 04, 2021 | Dec 14, 2021 | Jan 06, 2022 | $0.0600 | 0.93% |
| 4 | Aug 05, 2021 | Sep 14, 2021 | Oct 06, 2021 | $0.0600 | 0.85% |
| 5 | May 05, 2021 | Jun 14, 2021 | Jul 06, 2021 | $0.0600 | 0.701% |
FAQ
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