HC2 Holdings, Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
HC2 Holdings, Inc stock upgraded to Buy Candidate.
(Updated on Oct 27, 2021)
The HC2 Holdings, Inc stock price gained 3.21% on the last trading day (Wednesday, 27th Oct 2021), rising from $3.74 to $3.86. During the last trading day the stock fluctuated 6.22% from a day low at $3.70 to a day high of $3.93. The price has risen in 6 of the last 10 days and is up by 1.05% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 75 thousand more shares were traded than the day before. In total, 241 thousand shares were bought and sold for approximately $930.44 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.74 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 5.48% during the next 3 months and, with a 90% probability hold a price between $3.95 and $4.56 at the end of this 3-month period.
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HCHC Signals & Forecast
The HC2 Holdings, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3.79 and $3.83. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, October 18, 2021, and so far it has risen 3.76%. Further rise is indicated until a new top pivot has been found. HC2 Holdings, Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for HC2 Holdings, Inc stock
HC2 Holdings, Inc finds support from accumulated volume at $3.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.230 between high and low, or 6.22%. For the last week, the stock has had daily average volatility of 3.62%.
Our recommended stop-loss: $3.67 (-5.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (HCHC) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect HC2 Holdings, Inc to open at $3.83, and during the day (based on 14 day Average True Range), to move between $3.71 and $4.01, which gives a possible trading interval of +/-$0.153 (+/-3.96%) up or down from last closing price. If HC2 Holdings, Inc takes out the full calculated possible swing range there will be an estimated 7.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.87 (0.26%) than the support at $3.71 (3.89%), 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 HC2 Holdings, Inc 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 HC2 Holdings, Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.403 Buy Candidate Upgraded
Predicted Opening Price for HC2 Holdings, Inc of Thursday, October 28, 2021
| Fair opening price October 28, 2021 | Current price |
|---|---|
| $3.83 ( 0.777%) | $3.86 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCHC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.06 | 5.18 % | |
| R2 | 3.97 | 2.91 % | ||
| R1 | 3.92 | 1.50 % | ||
| Current price: | 3.86 | |||
| Support | S1 | 3.74 | -3.05 % | |
| S2 | 3.69 | -4.46 % | ||
| S3 | 3.60 | -6.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.20 | 8.81 % | |
| R2 | 3.94 | 2.07 % | ||
| R1 | 3.87 | 0.259 % | ||
| Current price | 3.86 | |||
| Support | S1 | 3.71 | -3.89% | |
| S2 | 3.68 | -4.66% | ||
| S3 | 3.57 | -7.51% |
FAQ
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