Herc Holdings Inc. Stock Forecast
Stronger technical forecast for Herc Holdings Inc. stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The Herc Holdings Inc. stock price gained 1.37% on the last trading day (Wednesday, 27th Mar 2024), rising from $167.71 to $170.00. 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 2.01% from a day low at $167.03 to a day high of $170.39. The price has risen in 8 of the last 10 days and is up by 7.15% 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, 115 thousand more shares were traded than the day before. In total, 188 thousand shares were bought and sold for approximately $31.99 million.
The stock lies in the middle of a wide 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 16.03% during the next 3 months and, with a 90% probability hold a price between $177.67 and $203.72 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HRI Signals & Forecast
The Herc Holdings 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 $165.87 and $156.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 9.09%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, December 07, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, December 07, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Herc Holdings Inc. stock
Herc Holdings Inc. finds support from accumulated volume at $162.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.35 between high and low, or 2.01%. For the last week, the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: $162.99 (-4.13%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (HRI) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Herc Holdings Inc. to open at $169.14, and during the day (based on 14 day Average True Range), to move between $165.60 and $174.40, which gives a possible trading interval of +/-$4.40 (+/-2.59%) up or down from last closing price. If Herc Holdings Inc. takes out the full calculated possible swing range there will be an estimated 5.18% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $162.89, some $7.11 (4.18%) from the current price of $170.00, our system finds the risk reward attractive.
Is Herc Holdings Inc. stock A Buy?
Herc Holdings 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: 7.282 Strong Buy Candidate Upgraded
Predicted Opening Price for Herc Holdings Inc. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$169.14 ( 0.507%) | $170.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HRI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 172.49 | 1.47 % | |
R2 | 171.21 | 0.713 % | ||
R1 | 170.42 | 0.247 % | ||
Current price: | 170.00 | |||
Support | S1 | 167.86 | -1.26 % | |
S2 | 167.06 | -1.73 % | ||
S3 | 165.78 | -2.48 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 170.00 | |||
Support | S1 | 162.89 | -4.18% | |
S2 | 156.49 | -7.95% | ||
S3 | 141.19 | -16.95% |
HRI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2024 | Feb 20, 2024 | Mar 07, 2024 | $0.665 | 0.417% |
2 | Dec 01, 2023 | Dec 08, 2023 | Dec 26, 2023 | $0.633 | 0.418% |
3 | Aug 04, 2023 | Aug 17, 2023 | Sep 01, 2023 | $0.632 | 0.472% |
4 | May 12, 2023 | May 25, 2023 | Sep 01, 2023 | $0.633 | 0.473% |
5 | Feb 08, 2023 | Feb 21, 2023 | Mar 09, 2023 | $0.633 | 0.469% |
FAQ
Click here for our free guide on how to buy Herc Holdings Inc. Stock.