RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HURC
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Stronger technical forecast for Hurco Companies stock price after Tuesday trading.
(Updated on Jul 23, 2024)

Buy or Hold candidate since Jul 19, 2024 Gain 0.46% PDF

The Hurco Companies stock price gained 1.04% on the last trading day (Tuesday, 23rd Jul 2024), rising from $17.25 to $17.43. During the last trading day the stock fluctuated 3.40% from a day low at $17.31 to a day high of $17.90. The price has risen in 6 of the last 10 days and is up by 15.66% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 15 thousand shares were bought and sold for approximately $260.13 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.

Given the current short-term trend, the stock is expected to fall -13.88% during the next 3 months and, with a 90% probability hold a price between $12.58 and $15.01 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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HURC Signals & Forecast

The Hurco Companies 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 $17.07 and $16.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, July 10, 2024, and so far it has risen 16.05%. 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 Hurco Companies stock

Hurco Companies finds support from accumulated volume at $17.42 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 $0.588 between high and low, or 3.40%. For the last week the stock has had daily average volatility of 2.52%.

The Hurco Companies stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $16.74 (-3.98%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (HURC) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Hurco Companies to open at $17.55, and during the day (based on 14 day Average True Range), to move between $16.90 and $17.96, which gives a possible trading interval of +/-$0.526 (+/-3.02%) up or down from last closing price. If Hurco Companies takes out the full calculated possible swing range there will be an estimated 6.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $17.42 (0.06%) than the resistance at $17.62 (1.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hurco Companies stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.146 Buy Candidate Upgraded

Predicted Opening Price for Hurco Companies of Wednesday, July 24, 2024

Fair opening price July 24, 2024 Current price
$17.55 ( 0.673%) $17.43

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HURC

Fibonacci Support & Resistance Levels

Level Price
R3 18.14 4.05%
R2 17.91 2.76%
R1 17.77 1.96%
Price 17.43
S1 17.32 -0.615%
S2 17.18 -1.41%
S3 16.96 -2.70%

Accumulated Volume Support & Resistance Levels

Level Price
R3 18.26 4.76%
R2 18.00 3.27%
R1 17.62 1.09%
Price 17.43
S1 17.42 -0.0574%
S2 17.41 -0.115%
S3 16.41 -5.85%

HURC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 15, 2024 Mar 27, 2024 Apr 12, 2024 $0.160 0.83%
2 Nov 10, 2023 Dec 29, 2023 Jan 16, 2024 $0.160 0.672%
3 Sep 15, 2023 Sep 29, 2023 Oct 16, 2023 $0.160 0.741%
4 Jun 09, 2023 Jun 23, 2023 Jul 10, 2023 $0.160 0.746%
5 Mar 08, 2023 Mar 24, 2023 Apr 10, 2023 $0.160 0.601%

FAQ

What is the symbol for Hurco Companies Stock and on which exchange is it traded?
The symbol for Hurco Companies is HURC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Hurco Companies Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Hurco Companies Stock?
Hurco Companies Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Hurco Companies Stock.

What's the current price of Hurco Companies Stock?
As of the end of day on the Jul 23, 2024, the price of an Hurco Companies (HURC) share was $17.43.

What is the 52-week high and low for Hurco Companies Stock?
The 52-week high for Hurco Companies Stock is $28.20 and the 52-week low is $14.83.

What is the market capitalization of Hurco Companies Stock?
As of the Jul 23, 2024, the market capitalization of Hurco Companies is 112.526M.

When is the next earnings date for Hurco Companies?
The upcoming earnings date for Hurco Companies is Sep 13, 2024.
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About Hurco Companies

Hurco Companies Hurco Companies, Inc., an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The company's principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines. It also provides computer control systems and related software for press brake applications. In addit... HURC Profile

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