Hamilton Lane Inc Stock Forecast
Hamilton Lane Inc stock price ended at $109.65 on Thursday, after losing 0.535%.
(Updated on Apr 18, 2024)
The Hamilton Lane Inc stock price fell by -0.535% on the last day (Thursday, 18th Apr 2024) from $110.24 to $109.65. During the last trading day the stock fluctuated 1.81% from a day low at $109.41 to a day high of $111.38. The price has fallen in 6 of the last 10 days and is down by -1.16% for this period. Volume has increased on the last day by 45 thousand 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, 220 thousand shares were bought and sold for approximately $24.17 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 -6.77% during the next 3 months and, with a 90% probability hold a price between $95.83 and $107.75 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HLNE Signals & Forecast
There are few to no technical positive signals at the moment. The Hamilton Lane Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $111.47 and $110.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -5.90%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Hamilton Lane Inc stock
Hamilton Lane Inc finds support from accumulated volume at $108.77 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 $1.97 (1.81%) between high and low. For the last week, the stock has had daily average volatility of 2.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HLNE) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Hamilton Lane Inc to open at $110.14, and during the day (based on 14 day Average True Range), to move between $106.98 and $112.32, which gives a possible trading interval of +/-$2.67 (+/-2.44%) up or down from last closing price. If Hamilton Lane Inc takes out the full calculated possible swing range there will be an estimated 4.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $108.77 (0.80%) than the resistance at $110.87 (1.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hamilton Lane Inc stock A Buy?
Hamilton Lane Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.513 Sell Candidate Unchanged
Predicted Opening Price for Hamilton Lane Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $110.14 ( 0.451%) | $109.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLNE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 112.12 | 2.25 % | |
| R2 | 111.37 | 1.56 % | ||
| R1 | 110.90 | 1.14 % | ||
| Current price: | 109.65 | |||
| Support | S1 | 109.39 | -0.237 % | |
| S2 | 108.92 | -0.662 % | ||
| S3 | 108.17 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 114.50 | 4.42 % | |
| R2 | 112.29 | 2.41 % | ||
| R1 | 110.87 | 1.11 % | ||
| Current price | 109.65 | |||
| Support | S1 | 108.77 | -0.80% | |
| S2 | 107.81 | -1.68% | ||
| S3 | 107.03 | -2.39% |
HLNE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Mar 14, 2024 | Apr 04, 2024 | $0.445 | 0.401% |
| 2 | Dec 14, 2023 | Dec 14, 2023 | Jan 05, 2024 | $0.445 | 0.413% |
| 3 | Aug 07, 2023 | Sep 14, 2023 | Oct 05, 2023 | $0.445 | 0.503% |
| 4 | Aug 07, 2023 | Jun 14, 2023 | Jul 07, 2023 | $0.445 | 0.569% |
| 5 | Jun 12, 2023 | Mar 14, 2023 | Apr 06, 2023 | $0.400 | 0.564% |
FAQ
Click here for our free guide on how to buy Hamilton Lane Inc Stock.
