Hamilton Beach Brands Holding Co Class A Stock Forecast
Hamilton Beach Brands Holding Co Class A stock price up 4.92% on Monday
(Updated on Apr 22, 2024)
The Hamilton Beach Brands Holding Co Class A stock price gained 4.92% on the last trading day (Monday, 22nd Apr 2024), rising from $21.13 to $22.17. During the last trading day the stock fluctuated 6.10% from a day low at $20.91 to a day high of $22.18. The price has fallen in 6 of the last 10 days and is down by -9.62% for this period. Volume fell on the last day by -8 thousand shares and in total, 55 thousand shares were bought and sold for approximately $1.22 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 lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $21.24 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 33.47% during the next 3 months and, with a 90% probability hold a price between $28.34 and $34.67 at the end of this 3-month period.
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HBB Signals & Forecast
There are few to no technical positive signals at the moment. The Hamilton Beach Brands Holding Co Class A stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $22.33 and $22.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -10.68%. 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 also not.
Support, Risk & Stop-loss for Hamilton Beach Brands Holding Co Class A stock
On the downside, the stock finds support just below today's level from accumulated volume at $20.82 and $20.78. 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, Hamilton Beach Brands Holding Co Class A finds support just below today's level at $20.82. If this is broken, then the next support from accumulated volume will be at $20.78 and $19.63.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $1.28 between high and low, or 6.10%. For the last week the stock has had daily average volatility of 5.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HBB) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Hamilton Beach Brands Holding Company Class A to open at $21.75, and during the day (based on 14 day Average True Range), to move between $21.05 and $23.29, which gives a possible trading interval of +/-$1.12 (+/-5.07%) up or down from last closing price. If Hamilton Beach Brands Holding Company Class A takes out the full calculated possible swing range there will be an estimated 10.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $20.82 (6.09%) than the resistance at $23.60 (6.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hamilton Beach Brands Holding Company Class A stock A Buy?
The Hamilton Beach Brands Holding Co Class A stock holds several negative signals and despite the positive trend, we believe Hamilton Beach Brands Holding Co Class A will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.013 Sell Candidate Unchanged
Predicted Opening Price for Hamilton Beach Brands Holding Company Class A of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $21.75 ( 1.89%) | $22.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.03 | 3.86 % | |
| R2 | 22.54 | 1.67 % | ||
| R1 | 22.24 | 0.310 % | ||
| Current price: | 22.17 | |||
| Support | S1 | 21.26 | -4.08 % | |
| S2 | 20.96 | -5.44 % | ||
| S3 | 20.48 | -7.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.80 | 11.86 % | |
| R2 | 24.65 | 11.19 % | ||
| R1 | 23.60 | 6.45 % | ||
| Current price | 22.17 | |||
| Support | S1 | 20.82 | -6.09% | |
| S2 | 20.78 | -6.27% | ||
| S3 | 19.63 | -11.46% |
HBB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 01, 2024 | Mar 15, 2024 | $0.110 | 0.524% |
| 2 | Nov 09, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.110 | 0.665% |
| 3 | Aug 23, 2023 | Sep 01, 2023 | Sep 15, 2023 | $0.110 | 0.86% |
| 4 | May 11, 2023 | May 31, 2023 | Jun 15, 2023 | $0.110 | 1.14% |
| 5 | Feb 21, 2023 | Mar 02, 2023 | Jun 15, 2023 | $0.105 | 1.08% |
FAQ
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