Hertz Global Holdings Inc Stock Forecast
Hertz Global Holdings Inc stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Apr 22, 2024)
The Hertz Global Holdings Inc stock price gained 0.498% on the last trading day (Monday, 22nd Apr 2024), rising from £2,010.00 to £2,020.00. During the last trading day the stock fluctuated 3.23% from a day low at £2,010.00 to a day high of £2,075.00. The price has fallen in 6 of the last 10 days and is down by -3.58% for this period. Volume fell on the last day by -19 thousand shares and in total, 28 thousand shares were bought and sold for approximately £57.25 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 part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £2,011.82 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.44% during the next 3 months and, with a 90% probability hold a price between £2,121.24 and £2,312.17 at the end of this 3-month period.
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HRI.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.498%. 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 Hertz Global Holdings Inc 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 £2,055.00 and £2,097.71. 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 Hertz Global Holdings Inc stock
Hertz Global Holdings Inc finds support from accumulated volume at £2,010.00 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 £65.00 between high and low, or 3.23%. For the last week the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HRI.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Hertz Global Holdings Inc to open at £2,035.00, and during the day (based on 14 day Average True Range), to move between £1,982.07 and £2,057.93, which gives a possible trading interval of +/-£37.93 (+/-1.88%) up or down from last closing price. If Hertz Global Holdings Inc takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £2,010.00 (0.50%) than the resistance at £2,095.00 (3.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hertz Global Holdings Inc stock A Buy?
The Hertz Global Holdings Inc stock holds several negative signals and despite the positive trend, we believe Hertz Global Holdings Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.027 Sell Candidate Downgraded
Predicted Opening Price for Hertz Global Holdings Inc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £2,035.00 ( 0.743%) | £2,020.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HRI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,100.00 | 3.96 % | |
| R2 | 2,075.17 | 2.73 % | ||
| R1 | 2,059.83 | 1.97 % | ||
| Current price: | 2,020.00 | |||
| Support | S1 | 2,010.17 | -0.487 % | |
| S2 | 1,994.83 | -1.25 % | ||
| S3 | 1,970.00 | -2.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,125.00 | 5.20 % | |
| R2 | 2,105.00 | 4.21 % | ||
| R1 | 2,095.00 | 3.71 % | ||
| Current price | 2,020.00 | |||
| Support | S1 | 2,010.00 | -0.495% | |
| S2 | 1,998.00 | -1.09% | ||
| S3 | 1,940.00 | -3.96% |
HRI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2013 | Apr 10, 2013 | May 03, 2013 | £1.00 | 0.184% |
| 2 | Feb 15, 2012 | Apr 04, 2012 | May 03, 2012 | £1.00 | 0.195% |
| 3 | Feb 17, 2010 | Apr 07, 2010 | Apr 29, 2010 | £0.300 | 0.0790% |
| 4 | Apr 05, 2010 | Apr 05, 2010 | Apr 05, 2010 | £0.300 | 0.0808% |
| 5 | Apr 01, 2010 | Apr 01, 2010 | Apr 01, 2010 | £0.300 | 0.0808% |
FAQ
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