Hamilton Beach Brands Holding Co Class A Stock Forecast
Red day on Thursday for Hamilton Beach Brands Holding Co Class A
(Updated on Mar 28, 2024)
The Hamilton Beach Brands Holding Co Class A stock price fell by -0.90% on the last day (Thursday, 28th Mar 2024) from $24.58 to $24.36. During the last trading day the stock fluctuated 3.54% from a day low at $23.72 to a day high of $24.56. The price has been going up and down for this period, and there has been a 16.11% gain for the last 2 weeks. 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 -34 thousand shares and in total, 23 thousand shares were bought and sold for approximately $563.91 thousand.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $24.85 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 20.06% during the next 3 months and, with a 90% probability hold a price between $22.81 and $29.84 at the end of this 3-month period.
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HBB Signals & Forecast
The Hamilton Beach Brands Holding Co Class A 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 $22.97 and $20.05. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -1.18%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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 $19.49.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.84 between high and low, or 3.54%. For the last week the stock has had daily average volatility of 6.68%.
Our recommended stop-loss: $23.41 (-3.92%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (HBB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Hamilton Beach Brands Holding Company Class A to open at $24.21, and during the day (based on 14 day Average True Range), to move between $23.23 and $25.49, which gives a possible trading interval of +/-$1.13 (+/-4.65%) 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 9.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.58 (0.90%) than the support at $20.82 (14.53%), 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 Hamilton Beach Brands Holding Company Class A stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Hamilton Beach Brands Holding Co Class A stock to perform well in the short-term.
Current score: 3.427 Buy Candidate Unchanged
Predicted Opening Price for Hamilton Beach Brands Holding Company Class A of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$24.21 ( 0.602%) | $24.36 |
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 | 25.05 | 2.85 % | |
R2 | 24.73 | 1.53 % | ||
R1 | 24.53 | 0.715 % | ||
Current price: | 24.36 | |||
Support | S1 | 23.89 | -1.92 % | |
S2 | 23.69 | -2.73 % | ||
S3 | 23.37 | -4.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 24.65 | 1.19 % | ||
R1 | 24.58 | 0.90 % | ||
Current price | 24.36 | |||
Support | S1 | 20.82 | -14.53% | |
S2 | 20.78 | -14.70% | ||
S3 | 19.49 | -19.99% |
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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