HealthStream Stock Forecast
Weaker technical forecast for HealthStream as stock downgraded to Hold/Accumulate.
(Updated on Apr 24, 2024)
The HealthStream stock price fell by -1.86% on the last day (Wednesday, 24th Apr 2024) from $26.41 to $25.92. During the last trading day the stock fluctuated 2.71% from a day low at $25.67 to a day high of $26.36. The price has fallen in 6 of the last 10 days but is still up by 4.31% over the past 2 weeks. 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 -141 thousand shares and in total, 178 thousand shares were bought and sold for approximately $4.60 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $26.37 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.23% during the next 3 months and, with a 90% probability hold a price between $21.88 and $24.20 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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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 $24.92 and $25.71. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -1.86%. Further fall is indicated until a new bottom pivot has been found. 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 HealthStream stock
HealthStream finds support from accumulated volume at $25.83 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 $0.695 between high and low, or 2.71%. For the last week, the stock has had daily average volatility of 4.44%.
Our recommended stop-loss: $24.72 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HSTM) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect HealthStream to open at $25.98, and during the day (based on 14 day Average True Range), to move between $25.17 and $26.67, which gives a possible trading interval of +/-$0.746 (+/-2.88%) up or down from last closing price. If HealthStream takes out the full calculated possible swing range there will be an estimated 5.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.83 (0.35%) than the resistance at $26.41 (1.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HealthStream stock A Buy?
HealthStream holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.453 Hold/Accumulate Downgraded
Predicted Opening Price for HealthStream of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $25.98 ( 0.238%) | $25.92 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 26.68 | 2.92 % | |
| R2 | 26.41 | 1.89 % | ||
| R1 | 26.25 | 1.26 % | ||
| Current price: | 25.92 | |||
| Support | S1 | 25.72 | -0.786 % | |
| S2 | 25.55 | -1.42 % | ||
| S3 | 25.29 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.66 | 2.85 % | |
| R2 | 26.43 | 1.97 % | ||
| R1 | 26.41 | 1.89 % | ||
| Current price | 25.92 | |||
| Support | S1 | 25.83 | -0.347% | |
| S2 | 24.84 | -4.17% | ||
| S3 | 23.99 | -7.45% |
HSTM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | May 03, 2024 | May 17, 2024 | $0.0280 | 0.108% |
| 2 | Feb 19, 2024 | Mar 08, 2024 | Mar 22, 2024 | $0.0280 | 0.106% |
| 3 | Oct 23, 2023 | Dec 08, 2023 | Dec 22, 2023 | $0.0300 | 0.110% |
| 4 | Jul 24, 2023 | Sep 15, 2023 | Sep 29, 2023 | $0.0250 | 0.116% |
| 5 | Apr 24, 2023 | Jun 09, 2023 | Jun 23, 2023 | $0.0250 | 0.104% |
FAQ
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