HomeTrust Bancshares Stock Forecast
HomeTrust Bancshares stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The HomeTrust Bancshares stock price gained 0.734% on the last trading day (Tuesday, 2nd Jul 2024), rising from $29.96 to $30.18. During the last trading day the stock fluctuated 1.11% from a day low at $30.13 to a day high of $30.47. The price has risen in 7 of the last 10 days and is up by 7.52% over the past 2 weeks. Volume fell on the last day by -45 thousand shares and in total, 23 thousand shares were bought and sold for approximately $684.21 thousand. 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 17.02% during the next 3 months and, with a 90% probability hold a price between $32.33 and $36.44 at the end of this 3-month period.
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HTBI Signals & Forecast
The HomeTrust Bancshares stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $29.01 and $28.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 8.80%. Further rise is indicated until a new top pivot has been found. 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. 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.
Support, Risk & Stop-loss for HomeTrust Bancshares stock
HomeTrust Bancshares finds support from accumulated volume at $30.03 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.335 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: $29.18 (-3.30%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (HTBI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect HomeTrust Bancshares to open at $30.26, and during the day (based on 14 day Average True Range), to move between $29.51 and $30.85, which gives a possible trading interval of +/-$0.669 (+/-2.22%) up or down from last closing price. If HomeTrust Bancshares takes out the full calculated possible swing range there will be an estimated 4.43% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $30.03, some $0.150 (0.50%) from the current price of $30.18, our system finds the risk reward attractive.
Is HomeTrust Bancshares stock A Buy?
HomeTrust Bancshares holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.144 Strong Buy Candidate Upgraded
Predicted Opening Price for HomeTrust Bancshares of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $30.26 ( 0.260%) | $30.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HTBI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.59 | 1.37% |
| R2 | 30.47 | 0.95% |
| R1 | 30.39 | 0.684% |
| Price | 30.18 | |
| S1 | 30.13 | -0.164% |
| S2 | 30.05 | -0.426% |
| S3 | 29.92 | -0.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 30.18 | |
| S1 | 30.03 | -0.497% |
| S2 | 25.70 | -14.84% |
| S3 | 24.38 | -19.22% |
HTBI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | May 15, 2024 | May 30, 2024 | $0.110 | 0.399% |
| 2 | Jan 24, 2023 | Feb 14, 2024 | Feb 29, 2024 | $0.110 | 0.419% |
| 3 | Oct 25, 2023 | Nov 15, 2023 | Nov 30, 2023 | $0.110 | 0.477% |
| 4 | Jul 26, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.100 | 0.438% |
| 5 | Apr 26, 2023 | May 17, 2023 | Jun 01, 2023 | $0.100 | 0.499% |
FAQ
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