Host Hotels & Resorts Inc Stock Forecast
Host Hotels & Resorts Inc stock downgraded from Buy Candidate to Hold/Accumulate after Thursday trading session.
(Updated on Apr 25, 2024)
The Host Hotels & Resorts Inc stock price fell by -2.28% on the last day (Thursday, 25th Apr 2024) from $19.33 to $18.89. During the last trading day the stock fluctuated 2.33% from a day low at $18.88 to a day high of $19.32. The price has fallen in 6 of the last 10 days and is down by -7.17% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 million shares and in total, 4 million shares were bought and sold for approximately $68.73 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $18.59 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Host Hotels & Resorts Inc stock with a 90% probability to be traded between $18.61 and $21.17 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HST Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.61%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Host Hotels & Resorts 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 $18.94 and $20.18. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Host Hotels & Resorts Inc stock
Host Hotels & Resorts Inc finds support from accumulated volume at $18.74 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 $0.440 between high and low, or 2.33%. For the last week, the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: $17.78 (-5.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (HST) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Host Hotels & Resorts Inc to open at $19.03, and during the day (based on 14 day Average True Range), to move between $18.46 and $19.32, which gives a possible trading interval of +/-$0.432 (+/-2.29%) up or down from last closing price. If Host Hotels & Resorts Inc takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.74 (0.79%) than the resistance at $20.21 (6.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Host Hotels & Resorts Inc will release earnings AMC on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.540. We will update the financials statements for Host Hotels & Resorts Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.30% in the first trading day after earnings release.
Is Host Hotels & Resorts Inc stock A Buy?
Host Hotels & Resorts Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.591 Hold/Accumulate Downgraded
Predicted Opening Price for Host Hotels & Resorts Inc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $19.03 ( 0.741%) | $18.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.47 | 3.07 % | |
| R2 | 19.30 | 2.18 % | ||
| R1 | 19.20 | 1.63 % | ||
| Current price: | 18.89 | |||
| Support | S1 | 18.86 | -0.149 % | |
| S2 | 18.76 | -0.698 % | ||
| S3 | 18.59 | -1.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.66 | 9.37 % | |
| R2 | 20.27 | 7.31 % | ||
| R1 | 20.21 | 6.99 % | ||
| Current price | 18.89 | |||
| Support | S1 | 18.74 | -0.794% | |
| S2 | 18.71 | -0.95% | ||
| S3 | 18.59 | -1.59% |
HST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Mar 27, 2024 | Apr 15, 2024 | $0.200 | 1.02% |
| 2 | Dec 15, 2023 | Dec 28, 2023 | Jan 16, 2024 | $0.450 | 2.27% |
| 3 | Sep 14, 2023 | Sep 28, 2023 | Oct 16, 2023 | $0.180 | 1.11% |
| 4 | Jun 14, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.150 | 0.86% |
| 5 | Feb 08, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.120 | 0.726% |
FAQ
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