Hancock Whitney Corporation - 6 Stock Forecast
Hancock Whitney Corporation - 6 stock price up 1.22% on Wednesday
(Updated on Jul 03, 2024)
The Hancock Whitney Corporation - 6 stock price gained 1.22% on the last trading day (Wednesday, 3rd Jul 2024), rising from $23.00 to $23.28. During the last trading day the stock fluctuated 0.87% from a day low at $23.08 to a day high of $23.28. The price has fallen in 6 of the last 10 days and is down by -0.13% for this period. Volume fell on the last day by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately $37.48 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Hancock Whitney Corporation - 6 stock with a 90% probability to be traded between $21.96 and $23.10 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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HWCPZ Signals & Forecast
There are few to no technical positive signals at the moment. The Hancock Whitney Corporation - 6 stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $23.46. On a fall, the stock will find some support from the short-term average at $23.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -2.19%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Hancock Whitney Corporation - 6 stock
Hancock Whitney Corporation - 6 finds support from accumulated volume at $23.05 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 $0.200 between high and low, or 0.87%. For the last week the stock has had daily average volatility of 0.97%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HWCPZ) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Hancock Whitney Corporation - 6 to open at $23.21, and during the day (based on 14 day Average True Range), to move between $23.05 and $23.51, which gives a possible trading interval of +/-$0.226 (+/-0.97%) up or down from last closing price. If Hancock Whitney Corporation - 6 takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.31 (0.13%) than the support at $23.05 (0.99%), 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 Hancock Whitney Corporation - 6 stock A Buy?
Hancock Whitney Corporation - 6 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: -3.751 Sell Candidate Unchanged
Predicted Opening Price for Hancock Whitney Corporation - 6 of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| $23.21 ( 0.286%) | $23.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HWCPZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.41 | 0.572% |
| R2 | 23.34 | 0.244% |
| R1 | 23.29 | 0.0418% |
| Price | 23.28 | |
| S1 | 23.14 | -0.614% |
| S2 | 23.09 | -0.82% |
| S3 | 23.01 | -1.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.70 | 1.80% |
| R2 | 23.57 | 1.23% |
| R1 | 23.31 | 0.129% |
| Price | 23.28 | |
| S1 | 23.05 | -0.99% |
| S2 | 22.90 | -1.65% |
| S3 | 22.74 | -2.32% |
HWCPZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 17, 2024 | $0.391 | 1.67% |
| 2 | Feb 29, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.391 | 1.59% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.391 | 1.58% |
| 4 | Aug 31, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.391 | 1.64% |
| 5 | May 30, 2023 | May 31, 2023 | Jun 15, 2023 | $0.391 | 1.74% |
FAQ
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