0% commission for ETF tradesHealthStream Stock Forecast
AI Analysis of HSTM
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HealthStream stock price up 1.91% on Friday
(Updated on Sep 13, 2024)
The HealthStream stock price gained 1.91% on the last trading day (Friday, 13th Sep 2024), rising from $28.24 to $28.78. During the last trading day the stock fluctuated 1.46% from a day low at $28.41 to a day high of $28.82. The price has been going up and down for this period, and there has been a -0.17% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 68 thousand shares were bought and sold for approximately $1.97 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect HealthStream stock with a 90% probability to be traded between $28.03 and $31.63 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 stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HSTM Signals & Forecast
The HealthStream stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $28.40 and $28.50. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, August 13, 2024, and so far it has risen 4.88%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for HealthStream stock
HealthStream finds support from accumulated volume at $27.90 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 $0.414 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: $27.63 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (HSTM) For The Upcoming Trading Day Of Monday 16th
For the upcoming trading day on Monday, 16th we expect HealthStream to open at $28.67, and during the day (based on 14 day Average True Range), to move between $28.18 and $29.38, which gives a possible trading interval of +/-$0.603 (+/-2.10%) up or down from last closing price. If HealthStream takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $28.79 (0.03%) than the support at $27.90 (3.06%), 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 HealthStream stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for HealthStream stock to perform well in the short-term period.
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Current score: 1.050 Buy Candidate Unchanged
Predicted Opening Price for HealthStream of Monday, September 16, 2024
| Fair opening price September 16, 2024 | Current price |
|---|---|
| $28.67 ( 0.389%) | $28.78 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HSTM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.08 | 1.05% |
| R2 | 28.92 | 0.501% |
| R1 | 28.83 | 0.161% |
| Price | 28.78 | |
| S1 | 28.51 | -0.94% |
| S2 | 28.41 | -1.28% |
| S3 | 28.25 | -1.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.46 | 2.36% |
| R2 | 29.04 | 0.90% |
| R1 | 28.79 | 0.0347% |
| Price | 28.78 | |
| S1 | 27.90 | -3.06% |
| S2 | 27.70 | -3.75% |
| S3 | 27.65 | -3.93% |
HSTM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 22, 2024 | Aug 05, 2024 | Aug 16, 2024 | $0.0280 | 0.100% |
| 2 | Apr 22, 2024 | May 03, 2024 | May 17, 2024 | $0.0280 | 0.102% |
| 3 | Feb 19, 2024 | Mar 08, 2024 | Mar 22, 2024 | $0.0280 | 0.106% |
| 4 | Oct 23, 2023 | Dec 08, 2023 | Dec 22, 2023 | $0.0300 | 0.110% |
| 5 | Jul 24, 2023 | Sep 15, 2023 | Sep 29, 2023 | $0.0250 | 0.116% |
FAQ
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