Tekla Healthcare Investors Stock Forecast
Stronger technical forecast for Tekla Healthcare Investors stock price after Friday trading.
(Updated on Apr 19, 2024)
The Tekla Healthcare Investors stock price gained 0.317% on the last trading day (Friday, 19th Apr 2024), rising from $15.78 to $15.83. During the last trading day the stock fluctuated 0.634% from a day low at $15.78 to a day high of $15.88. The price has fallen in 6 of the last 10 days and is down by -3.53% for this period. Volume fell on the last day by -31 thousand shares and in total, 137 thousand shares were bought and sold for approximately $2.17 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 lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $15.76 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.07% during the next 3 months and, with a 90% probability hold a price between $14.65 and $15.39 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.
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HQH Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.317%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Tekla Healthcare Investors 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 $15.96 and $16.53. 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).
Support, Risk & Stop-loss for Tekla Healthcare Investors stock
Tekla Healthcare Investors finds support from accumulated volume at $15.78 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 $0.100 between high and low, or 0.634%. For the last week the stock has had daily average volatility of 1.31%.
Our recommended stop-loss: $14.91 (-5.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (HQH) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Tekla Healthcare Investors to open at $15.83, and during the day (based on 14 day Average True Range), to move between $15.62 and $16.04, which gives a possible trading interval of +/-$0.207 (+/-1.31%) up or down from last closing price. If Tekla Healthcare Investors takes out the full calculated possible swing range there will be an estimated 2.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.78 (0.32%) than the resistance at $15.95 (0.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tekla Healthcare Investors stock A Buy?
Tekla Healthcare Investors 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.739 Hold/Accumulate Upgraded
Predicted Opening Price for Tekla Healthcare Investors of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $15.83 ( 0%) | $15.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HQH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.93 | 0.632 % | |
| R2 | 15.89 | 0.390 % | ||
| R1 | 15.87 | 0.241 % | ||
| Current price: | 15.83 | |||
| Support | S1 | 15.79 | -0.241 % | |
| S2 | 15.77 | -0.390 % | ||
| S3 | 15.73 | -0.632 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.15 | 8.34 % | |
| R2 | 17.10 | 8.02 % | ||
| R1 | 15.95 | 0.758 % | ||
| Current price | 15.83 | |||
| Support | S1 | 15.78 | -0.316% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
HQH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 09, 2024 | Feb 21, 2024 | Mar 28, 2024 | $0.480 | 2.85% |
| 2 | Nov 09, 2023 | Nov 21, 2023 | Jan 10, 2024 | $0.380 | 2.18% |
| 3 | Aug 15, 2023 | Aug 24, 2023 | Sep 29, 2023 | $0.400 | 2.57% |
| 4 | May 15, 2023 | May 24, 2023 | Jun 30, 2023 | $0.400 | 2.35% |
| 5 | Feb 15, 2023 | Feb 24, 2023 | Dec 31, 2018 | $0.420 | 2.34% |
FAQ
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