Hartford Financial Services Group Inc Stock Forecast
Stronger technical forecast for Hartford Financial Services Group Inc stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The Hartford Financial Services Group Inc stock price gained 1.39% on the last trading day (Wednesday, 27th Mar 2024), rising from $100.90 to $102.30. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.23% from a day low at $101.28 to a day high of $102.53. The price has risen in 7 of the last 10 days and is up by 2.86% over the past 2 weeks. Volume fell on the last day by -364 thousand shares and in total, 2 million shares were bought and sold for approximately $178.01 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 middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 27.49% during the next 3 months and, with a 90% probability hold a price between $128.88 and $133.05 at the end of this 3-month period.
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HIG Signals & Forecast
Mostly positive signals in the chart today. The Hartford Financial Services Group Inc 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 $100.87 and $96.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 2.14%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Hartford Financial Services Group Inc stock
Hartford Financial Services Group Inc finds support from accumulated volume at $100.40 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 $1.25 (1.23%) between high and low. For the last week, the stock has had daily average volatility of 1.05%.
Our recommended stop-loss: $98.05 (-4.15%) (This stock has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (HIG) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Hartford Financial Services Group Inc (The) to open at $102.04, and during the day (based on 14 day Average True Range), to move between $101.03 and $103.57, which gives a possible trading interval of +/-$1.27 (+/-1.24%) up or down from last closing price. If Hartford Financial Services Group Inc (The) takes out the full calculated possible swing range there will be an estimated 2.48% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $100.40, some $1.90 (1.86%) from the current price of $102.30, our system finds the risk reward attractive.
Is Hartford Financial Services Group Inc (The) stock A Buy?
Hartford Financial Services Group Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.690 Strong Buy Candidate Upgraded
Predicted Opening Price for Hartford Financial Services Group Inc (The) of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$102.04 ( 0.257%) | $102.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HIG
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 103.29 | 0.96 % | |
R2 | 102.81 | 0.498 % | ||
R1 | 102.51 | 0.209 % | ||
Current price: | 102.30 | |||
Support | S1 | 101.56 | -0.724 % | |
S2 | 101.26 | -1.01 % | ||
S3 | 100.79 | -1.48 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 102.30 | |||
Support | S1 | 100.40 | -1.86% | |
S2 | 90.32 | -11.71% | ||
S3 | 85.02 | -16.89% |
HIG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 21, 2024 | Mar 01, 2024 | Apr 02, 2024 | $0.470 | 0.459% |
2 | Oct 26, 2023 | Nov 30, 2023 | Jan 03, 2024 | $0.470 | 0.577% |
3 | Jul 19, 2023 | Aug 31, 2023 | Oct 03, 2023 | $0.425 | 0.610% |
4 | May 17, 2023 | May 31, 2023 | Oct 03, 2023 | $0.425 | 0.610% |
5 | Feb 22, 2023 | Mar 03, 2023 | Apr 04, 2023 | $0.425 | 0.615% |
FAQ
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