Horace Mann Educators Corporation Stock Forecast
Horace Mann Educators Corporation stock upgraded to Strong Buy Candidate.
(Updated on Mar 27, 2024)
The Horace Mann Educators Corporation stock price gained 1.50% on the last trading day (Wednesday, 27th Mar 2024), rising from $36.08 to $36.62. 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 2.24% from a day low at $36.17 to a day high of $36.98. The price has risen in 7 of the last 10 days and is up by 4.06% 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, 98 thousand more shares were traded than the day before. In total, 228 thousand shares were bought and sold for approximately $8.33 million.
The stock lies in the middle of a wide and weak 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 7.13% during the next 3 months and, with a 90% probability hold a price between $37.56 and $41.82 at the end of this 3-month period.
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HMN Signals & Forecast
Mostly positive signals in the chart today. The Horace Mann Educators Corporation 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 $35.78 and $36.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 5.59%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Horace Mann Educators Corporation stock
Horace Mann Educators Corporation finds support from accumulated volume at $36.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.81 between high and low, or 2.24%. For the last week the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: $34.98 (-4.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (HMN) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Horace Mann Educators Corporation to open at $36.59, and during the day (based on 14 day Average True Range), to move between $35.95 and $37.29, which gives a possible trading interval of +/-$0.673 (+/-1.84%) up or down from last closing price. If Horace Mann Educators Corporation takes out the full calculated possible swing range there will be an estimated 3.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.83 (0.57%) than the support at $36.19 (1.17%), 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 Horace Mann Educators Corporation stock A Buy?
Horace Mann Educators Corporation holds several positive signals and is within a weak 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: 5.054 Strong Buy Candidate Upgraded
Predicted Opening Price for Horace Mann Educators Corporation of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$36.59 ( 0.0819%) | $36.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HMN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.40 | 2.13 % | |
R2 | 37.09 | 1.29 % | ||
R1 | 36.90 | 0.763 % | ||
Current price: | 36.62 | |||
Support | S1 | 36.28 | -0.93 % | |
S2 | 36.09 | -1.45 % | ||
S3 | 35.78 | -2.29 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.18 | 1.53 % | |
R2 | 37.03 | 1.12 % | ||
R1 | 36.83 | 0.573 % | ||
Current price | 36.62 | |||
Support | S1 | 36.19 | -1.17% | |
S2 | 35.52 | -3.00% | ||
S3 | 35.22 | -3.82% |
HMN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.340 | 0.93% |
2 | Dec 04, 2023 | Dec 13, 2023 | Dec 29, 2023 | $0.330 | 1.01% |
3 | Sep 05, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.330 | 1.12% |
4 | May 24, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.330 | 1.11% |
5 | Mar 06, 2023 | Mar 15, 2023 | Mar 31, 2023 | $0.330 | 0.99% |
FAQ
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