Heartland Express Stock Forecast
Red day on Thursday for Heartland Express
(Updated on Apr 18, 2024)
The Heartland Express stock price fell by -1.74% on the last day (Thursday, 18th Apr 2024) from $10.34 to $10.16. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.87% from a day low at $10.09 to a day high of $10.38. The price has fallen in 7 of the last 10 days and is down by -7.21% 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 -196 thousand shares and in total, 272 thousand shares were bought and sold for approximately $2.76 million.
The stock has broken the falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($10.61) are considered to be a "second chance" to get out. According to the fan-theory $9.94 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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HTLD Signals & Forecast
There are few to no technical positive signals at the moment. The Heartland Express 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 $10.58 and $11.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 27, 2024, and so far it has fallen -21.85%. 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 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 Heartland Express stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.290 between high and low, or 2.87%. For the last week, the stock has had daily average volatility of 3.15%.
Heartland Express is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HTLD) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Heartland Express to open at $10.21, and during the day (based on 14 day Average True Range), to move between $9.83 and $10.49, which gives a possible trading interval of +/-$0.334 (+/-3.29%) up or down from last closing price. If Heartland Express takes out the full calculated possible swing range there will be an estimated 6.58% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $10.79, some $0.630 (6.20%) from the current price of $10.16, our system finds the risk reward not very attractive.
Earnings coming up
Heartland Express will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.110. We will update the financials statements for Heartland Express, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.01% in the first trading day after earnings release.
Is Heartland Express stock A Buy?
Heartland Express holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.366 Strong Sell Candidate Unchanged
Predicted Opening Price for Heartland Express of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $10.21 ( 0.492%) | $10.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HTLD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.50 | 3.35 % | |
| R2 | 10.39 | 2.26 % | ||
| R1 | 10.32 | 1.58 % | ||
| Current price: | 10.16 | |||
| Support | S1 | 10.10 | -0.598 % | |
| S2 | 10.03 | -1.27 % | ||
| S3 | 9.92 | -2.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.06 | 8.86 % | |
| R2 | 10.89 | 7.19 % | ||
| R1 | 10.79 | 6.20 % | ||
| Current price | 10.16 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
HTLD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 25, 2024 | Apr 05, 2024 | $0.0200 | 0.183% |
| 2 | Nov 21, 2023 | Dec 04, 2023 | Dec 15, 2023 | $0.0200 | 0.146% |
| 3 | Sep 15, 2023 | Sep 22, 2023 | Oct 05, 2023 | $0.0200 | 0.138% |
| 4 | May 11, 2023 | Jun 23, 2023 | Jul 06, 2023 | $0.0200 | 0.128% |
| 5 | Feb 14, 2023 | Mar 27, 2023 | Apr 07, 2023 | $0.0200 | 0.131% |
FAQ
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