Hasbro Stock Forecast
Hasbro stock downgraded to Buy Candidate
(Updated on Mar 28, 2024)
The Hasbro stock price gained 0.0708% on the last trading day (Thursday, 28th Mar 2024), rising from $56.48 to $56.52. During the last trading day the stock fluctuated 1.57% from a day low at $56.16 to a day high of $57.04. The price has risen in 6 of the last 10 days and is up by 6.7% over the past 2 weeks. Volume fell on the last day by -290 thousand shares and in total, 1 million shares were bought and sold for approximately $56.71 million. 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 has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $56.22, a level that may pose a second chance to hit a runner. According to fan-theory $61.44 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HAS Signals & Forecast
Mostly positive signals in the chart today. The Hasbro 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 $55.53 and $52.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 16.13%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Hasbro stock
On the downside, the stock finds support just below today's level from accumulated volume at $53.31 and $52.69. There is a 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, Hasbro finds support just below today's level at $53.31. If this is broken, then the next support from accumulated volume will be at $52.69 and $50.60.
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 $0.88 between high and low, or 1.57%. For the last week, the stock has had daily average volatility of 2.84%.
Our recommended stop-loss: $54.22 (-4.07%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (HAS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Hasbro to open at $56.57, and during the day (based on 14 day Average True Range), to move between $55.15 and $57.89, which gives a possible trading interval of +/-$1.37 (+/-2.42%) up or down from last closing price. If Hasbro takes out the full calculated possible swing range there will be an estimated 4.83% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $53.31, some $3.21 (5.68%) from the current price of $56.52, our system finds the risk reward attractive.
Is Hasbro stock A Buy?
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Hasbro stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.934 Buy Candidate Downgraded
Predicted Opening Price for Hasbro of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$56.57 ( 0.0944%) | $56.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 57.45 | 1.65 % | |
R2 | 57.12 | 1.06 % | ||
R1 | 56.91 | 0.689 % | ||
Current price: | 56.52 | |||
Support | S1 | 56.24 | -0.500 % | |
S2 | 56.03 | -0.87 % | ||
S3 | 55.69 | -1.46 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 56.52 | |||
Support | S1 | 53.31 | -5.68% | |
S2 | 52.69 | -6.78% | ||
S3 | 50.60 | -10.47% |
HAS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 13, 2024 | Apr 30, 2024 | May 15, 2024 | $0.700 | 1.24% |
2 | Feb 14, 2024 | Feb 14, 2024 | Feb 14, 2024 | $0.700 | 1.33% |
3 | Dec 18, 2023 | Feb 01, 2024 | Feb 15, 2024 | $0.700 | 1.37% |
4 | Dec 18, 2023 | Jan 31, 2024 | Feb 15, 2024 | $0.700 | 1.37% |
5 | Aug 04, 2023 | Oct 31, 2023 | Nov 15, 2023 | $0.700 | 1.49% |
FAQ
Click here for our free guide on how to buy Hasbro Stock.