HCI Group Inc Stock Forecast
Red day on Friday for HCI Group Inc
(Updated on Apr 26, 2024)
The HCI Group Inc stock price fell by -0.93% on the last day (Friday, 26th Apr 2024) from $116.08 to $115.00. During the last trading day the stock fluctuated 3.03% from a day low at $113.07 to a day high of $116.49. The price has risen in 7 of the last 10 days and is up by 5.17% over the past 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 -23 thousand shares and in total, 82 thousand shares were bought and sold for approximately $9.38 million.
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 $113.11 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 28.17% during the next 3 months and, with a 90% probability hold a price between $144.97 and $165.36 at the end of this 3-month period.
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HCI Signals & Forecast
The HCI Group 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 $113.59 and $113.66. A breakdown below any of these levels will issue sell signals. 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 Tuesday, March 26, 2024, and so far it has fallen -3.33%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for HCI Group Inc stock
HCI Group Inc finds support from accumulated volume at $112.95 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 $3.42 (3.03%) between high and low. For the last week, the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: $110.20 (-4.17%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (HCI) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect HCI Group Inc to open at $114.85, and during the day (based on 14 day Average True Range), to move between $111.54 and $118.46, which gives a possible trading interval of +/-$3.46 (+/-3.01%) up or down from last closing price. If HCI Group Inc takes out the full calculated possible swing range there will be an estimated 6.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $116.08 (0.94%) than the support at $112.95 (1.78%), 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 HCI Group 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 HCI Group Inc stock to perform well in the short-term.
Current score: 1.441 Buy Candidate Unchanged
Predicted Opening Price for HCI Group Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $114.85 ( 0.129%) | $115.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HCI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118.28 | 2.85 % | |
| R2 | 116.97 | 1.71 % | ||
| R1 | 116.16 | 1.01 % | ||
| Current price: | 115.00 | |||
| Support | S1 | 113.54 | -1.27 % | |
| S2 | 112.74 | -1.97 % | ||
| S3 | 111.43 | -3.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118.72 | 3.23 % | |
| R2 | 117.28 | 1.98 % | ||
| R1 | 116.08 | 0.94 % | ||
| Current price | 115.00 | |||
| Support | S1 | 112.95 | -1.78% | |
| S2 | 110.36 | -4.03% | ||
| S3 | 93.67 | -18.55% |
HCI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 25, 2024 | Feb 15, 2024 | Mar 15, 2024 | $0.400 | 0.359% |
| 2 | Oct 17, 2023 | Nov 16, 2023 | Dec 15, 2023 | $0.400 | 0.467% |
| 3 | Jul 13, 2023 | Aug 17, 2023 | Sep 15, 2023 | $0.400 | 0.763% |
| 4 | Apr 19, 2023 | May 18, 2023 | Jun 16, 2023 | $0.400 | 0.693% |
| 5 | Jan 19, 2023 | Feb 16, 2023 | Mar 17, 2023 | $0.400 | 0.752% |
FAQ
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