Hingham Institution for Savings Stock Forecast
Red day on Monday for Hingham Institution for Savings stock after losing 0.0182%
(Updated on Apr 15, 2024)
The Hingham Institution for Savings stock price fell by -0.0182% on the last day (Monday, 15th Apr 2024) from $165.16 to $165.13. During the last trading day the stock fluctuated 2.17% from a day low at $163.22 to a day high of $166.77. The price has fallen in 7 of the last 10 days and is down by -4.98% for this period. Volume has increased on the last day by 674 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 20 thousand shares were bought and sold for approximately $3.24 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.25% during the next 3 months and, with a 90% probability hold a price between $131.48 and $162.11 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
HIFS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 5.03%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hingham Institution for Savings stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $165.78 and $168.01. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hingham Institution for Savings stock
Hingham Institution for Savings finds support from accumulated volume at $165.10 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 $3.55 (2.17%) between high and low. For the last week, the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: $160.01 (-3.10%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (HIFS) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Hingham Institution for Savings to open at $165.04, and during the day (based on 14 day Average True Range), to move between $160.44 and $169.82, which gives a possible trading interval of +/-$4.69 (+/-2.84%) up or down from last closing price. If Hingham Institution for Savings takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $165.10 (0.02%) than the resistance at $165.68 (0.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hingham Institution for Savings stock A Buy?
Hingham Institution for Savings holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.529 Hold/Accumulate Unchanged
Predicted Opening Price for Hingham Institution for Savings of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $165.04 ( 0.0545%) | $165.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HIFS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 168.59 | 2.10 % | |
| R2 | 167.23 | 1.27 % | ||
| R1 | 166.40 | 0.767 % | ||
| Current price: | 165.13 | |||
| Support | S1 | 163.68 | -0.88 % | |
| S2 | 162.85 | -1.38 % | ||
| S3 | 161.49 | -2.20 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 180.31 | 9.19 % | |
| R2 | 179.15 | 8.49 % | ||
| R1 | 165.68 | 0.333 % | ||
| Current price | 165.13 | |||
| Support | S1 | 165.10 | -0.0182% | |
| S2 | 164.67 | -0.279% | ||
| S3 | 164.07 | -0.642% |
HIFS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 20, 2023 | Dec 29, 2023 | Jan 10, 2024 | $0.630 | 0.318% |
| 2 | Sep 20, 2023 | Oct 27, 2023 | Nov 08, 2023 | $0.630 | 0.388% |
| 3 | Jun 28, 2023 | Jul 28, 2023 | Aug 09, 2023 | $0.630 | 0.287% |
| 4 | Mar 29, 2023 | Apr 28, 2023 | May 10, 2023 | $0.630 | 0.338% |
| 5 | Nov 21, 2022 | Dec 29, 2022 | Jan 11, 2023 | $1.26 | 0.433% |
FAQ
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