Hawkins stock price down 0.5% on Monday
(Updated on Sep 26, 2022)
Sell candidate since 2022-09-22 Loss -4.53% PDF
The Hawkins stock price fell by -0.50% on the last day (Monday, 26th Sep 2022) from $37.68 to $37.49. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.60% from a day low at $37.45 to a day high of $38.43. The price has fallen in 6 of the last 10 days and is down by -4.65% 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 -525 shares and in total, 64 thousand shares were bought and sold for approximately $2.41 million.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $38.56. A reaction back to this level may hold a second chance to get out before further falls.
Signals & Forecast
There are mixed signals in the stock today. The Hawkins 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 $38.51 and $40.59. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, September 06, 2022, and so far it has risen 0.21%. 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).
Support, Risk & Stop-loss
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 $0.98 between high and low, or 2.60%. For the last week, the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations For The Upcoming Trading Day Of Tuesday 27th
For the upcoming trading day on Tuesday, 27th we expect Hawkins to open at $37.79, and during the day (based on 14 day Average True Range), to move between $36.22 and $38.76, which gives a possible trading interval of +/-$1.27 (+/-3.39%) up or down from last closing price. If Hawkins takes out the full calculated possible swing range there will be an estimated 6.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.93 (1.17%) than the support at $36.03 (3.89%), 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 Hawkins stock A Buy?
Hawkins holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.119Sell Candidate Unchanged
Predicted Opening Price for Hawkins of Tuesday, September 27, 2022
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price September 27, 2022||Current price|
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Hawkins, Inc. blends, manufactures, and distributes chemicals and other specialty ingredients in the United States and internationally. It operates through three segments: Industrial, Water Treatment, and Health and Nutrition. The Industrial segment offers industrial chemicals, products, and services to agriculture, chemical processing, electronics, energy, food, pharmaceutical, and plating industries. This segment primarily provides acids, alkal... HWKN Profile
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