Hub Group Stock Forecast
Hub Group stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Hub Group stock price fell by -0.327% on the last day (Tuesday, 2nd Jul 2024) from $42.86 to $42.72. During the last trading day the stock fluctuated 1.36% from a day low at $42.57 to a day high of $43.15. The price has fallen in 6 of the last 10 days but is still up by 0.28% 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 -29 thousand shares and in total, 343 thousand shares were bought and sold for approximately $14.66 million.
The stock lies in the middle of a wide and weak 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 6.07% during the next 3 months and, with a 90% probability hold a price between $43.36 and $48.13 at the end of this 3-month period.
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HUBG Signals & Forecast
There are few to no technical positive signals at the moment. The Hub Group stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $43.04 and $43.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 09, 2024, and so far it has fallen -2.62%. 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 Hub Group stock
Hub Group finds support from accumulated volume at $42.57 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 $0.580 between high and low, or 1.36%. For the last week the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: $40.33 (-5.59%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (HUBG) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Hub Group to open at $42.81, and during the day (based on 14 day Average True Range), to move between $41.77 and $43.67, which gives a possible trading interval of +/-$0.95 (+/-2.22%) up or down from last closing price. If Hub Group takes out the full calculated possible swing range there will be an estimated 4.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $42.57 (0.35%) than the resistance at $43.03 (0.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hub Group stock A Buy?
Hub Group holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.704 Hold/Accumulate Upgraded
Predicted Opening Price for Hub Group of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $42.81 ( 0.218%) | $42.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUBG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.39 | 1.58% |
| R2 | 43.17 | 1.06% |
| R1 | 43.03 | 0.737% |
| Price | 42.72 | |
| S1 | 42.59 | -0.300% |
| S2 | 42.45 | -0.621% |
| S3 | 42.23 | -1.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.21 | 1.15% |
| R2 | 43.05 | 0.772% |
| R1 | 43.03 | 0.726% |
| Price | 42.72 | |
| S1 | 42.57 | -0.351% |
| S2 | 39.93 | -6.53% |
| S3 | 38.74 | -9.32% |
HUBG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | Jun 07, 2024 | Jun 26, 2024 | $0.125 | 0.289% |
| 2 | Feb 22, 2024 | Mar 07, 2024 | Mar 27, 2024 | $0.130 | 0.303% |
FAQ
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