Bank of Hawaii Corporation Forecast and Stock Analysis
Technical BOH stock analysis for March 15, 2019.
|Shorts||12.03% ( 2019-02-28 )|
Bank of Hawaii Corporation gained 0.17% in the last trading day, rising from $81.77 to $81.91 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a -1.09% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 584 134 more shares were traded than the day before. In total, 772 915 shares bought and sold for approximately $63.31 million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the BOH stock was $81.91. This is 0.17% more than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 1.71% from a day low at $81.24 to a day high of $82.63.
30 day high of the BOH stock price was $83.94 and low was $80.07.
90 day high was $83.94 and low was $63.64.
52 week high for the Bank of Hawaii Corporation - $88.92 and low - $63.64.
Bank of Hawaii Corporation lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $80.79 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 25.56% during the next 3 months and, with 90% probability hold a price between $101.43 and $113.47 at the end of this period.
Only positive signals in the chart today. Bank of Hawaii Corporation holds buy signals from both short- and long-term moving averages. In addition, 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 $81.61 and $81.02. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 07, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $77.62 and $76.79.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bank of Hawaii Corporation finds support just below today's level at $77.62. If this is broken, then the next support from accumulated volume will be at $76.79 and $65.70.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.39 (1.71%) between high and low. For the last week, the stock has had a daily average volatility of 1.20%.
Our recommended stoploss: $76.98 (-6.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 6 days ago.)
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Evaluation: Strong Buy Candidate
Bank of Hawaii Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.