HomeTrust Bancshares Stock Forecast

Buy or Hold candidate since Nov 08, 2024 Gain 0.22%

The HomeTrust Bancshares stock price gained 0.435% on the last trading day (Friday, 6th Dec 2024), rising from $36.76 to $36.92. During the last trading day the stock fluctuated 1.95% from a day low at $36.32 to a day high of $37.03. The price has been going up and down for this period, and there has been a -1.39% loss for the last 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 30 thousand shares were bought and sold for approximately $1.11 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 middle of a wide and 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 10.24% during the next 3 months and, with a 90% probability hold a price between $37.42 and $42.69 at the end of this 3-month period.

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HTBI Signals & Forecast

A sell signal was issued from a pivot top point on Monday, November 25, 2024, and so far it has fallen -3.53%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Some positive signals were issued as well, and these may have some influence on the near short-term development. The HomeTrust Bancshares stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $37.01. On a fall, the stock will find some support from the long-term average at approximately $35.77. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for HomeTrust Bancshares stock

HomeTrust Bancshares finds support from accumulated volume at $35.19 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.710 between high and low, or 1.95%. For the last week the stock has had daily average volatility of 2.06%

Our recommended stop-loss: $35.28 (-4.45%) (This stock has very low daily movements and this gives very low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (HTBI) For The Upcoming Trading Day Of Monday 9th

For the upcoming trading day on Monday, 9th we expect HomeTrust Bancshares to open at $36.76, and during the day (based on 14 day Average True Range), to move between $35.86 and $37.98, which gives a possible trading interval of +/-$1.06 (+/-2.86%) up or down from last closing price. If HomeTrust Bancshares takes out the full calculated possible swing range there will be an estimated 5.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $37.12 (0.54%) than the support at $35.19 (4.69%), 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 HomeTrust Bancshares stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.685 Buy Candidate Upgraded

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Predicted Fair Opening Price

Predicted fair opening price on December 9, 2024 - $36.76 ( 0.442%).