Bank of Hawaii Corporation Stock Forecast
Bank of Hawaii Corporation stock price ended at $58.36 on Monday, after gaining 0.137%.
(Updated on Apr 15, 2024)
The Bank of Hawaii Corporation stock price gained 0.137% on the last trading day (Monday, 15th Apr 2024), rising from $58.28 to $58.36. During the last trading day the stock fluctuated 2.73% from a day low at $57.48 to a day high of $59.05. The price has fallen in 6 of the last 10 days and is down by -4.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 101 thousand more shares were traded than the day before. In total, 284 thousand shares were bought and sold for approximately $16.58 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $58.19 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.55% during the next 3 months and, with a 90% probability hold a price between $53.21 and $57.35 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.
BOH Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.137%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bank of Hawaii Corporation 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 $59.54 and $60.56. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Bank of Hawaii Corporation stock
Bank of Hawaii Corporation finds support from accumulated volume at $58.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.57 (2.73%) between high and low. For the last week, the stock has had daily average volatility of 2.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BOH) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Bank of Hawaii Corporation to open at $58.30, and during the day (based on 14 day Average True Range), to move between $56.66 and $60.06, which gives a possible trading interval of +/-$1.70 (+/-2.91%) up or down from last closing price. If Bank of Hawaii Corporation takes out the full calculated possible swing range there will be an estimated 5.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $58.28 (0.14%) than the resistance at $63.46 (8.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Bank of Hawaii Corporation will release earnings BMO on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.92. We will update the financials statements for Bank of Hawaii Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.34% in the first trading day after earnings release.
Is Bank of Hawaii Corporation stock A Buy?
Bank of Hawaii Corporation 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: -2.469 Sell Candidate Unchanged
Predicted Opening Price for Bank of Hawaii Corporation of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $58.30 ( 0.109%) | $58.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.87 | 2.58 % | |
| R2 | 59.27 | 1.55 % | ||
| R1 | 58.90 | 0.92 % | ||
| Current price: | 58.36 | |||
| Support | S1 | 57.70 | -1.14 % | |
| S2 | 57.33 | -1.77 % | ||
| S3 | 56.73 | -2.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 64.82 | 11.07 % | |
| R2 | 64.53 | 10.57 % | ||
| R1 | 63.46 | 8.74 % | ||
| Current price | 58.36 | |||
| Support | S1 | 58.28 | -0.137% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
BOH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0.700 | 1.18% |
| 2 | Oct 23, 2023 | Nov 29, 2023 | Dec 14, 2023 | $0.700 | 0.94% |
| 3 | Jul 24, 2023 | Aug 30, 2023 | Sep 15, 2023 | $0.700 | 1.38% |
| 4 | Apr 24, 2023 | May 30, 2023 | Jun 14, 2023 | $0.700 | 1.57% |
| 5 | Jan 23, 2023 | Feb 27, 2023 | Mar 14, 2023 | $0.700 | 1.37% |
FAQ
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