Heartland Express Stock Forecast
Stronger technical forecast for Heartland Express stock price after Friday trading.
(Updated on Apr 19, 2024)
The Heartland Express stock price gained 3.25% on the last trading day (Friday, 19th Apr 2024), rising from $10.16 to $10.49. During the last trading day the stock fluctuated 4.55% from a day low at $10.10 to a day high of $10.56. The price has fallen in 6 of the last 10 days and is down by -3.76% for this period. Volume fell on the last day by -8 thousand shares and in total, 263 thousand shares were bought and sold for approximately $2.76 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 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 -21.14% during the next 3 months and, with a 90% probability hold a price between $7.97 and $8.84 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.
HTLD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.25%. 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 Heartland Express 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 $10.54 and $11.45. 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 Heartland Express stock
Heartland Express finds support from accumulated volume at $10.44 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 $0.460 between high and low, or 4.55%. For the last week, the stock has had daily average volatility of 3.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HTLD) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Heartland Express to open at $10.38, and during the day (based on 14 day Average True Range), to move between $10.15 and $10.83, which gives a possible trading interval of +/-$0.343 (+/-3.27%) up or down from last closing price. If Heartland Express takes out the full calculated possible swing range there will be an estimated 6.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.44 (0.48%) than the resistance at $10.79 (2.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Heartland Express will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.110. We will update the financials statements for Heartland Express, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.01% in the first trading day after earnings release.
Is Heartland Express stock A Buy?
Heartland Express 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.047 Sell Candidate Upgraded
Predicted Opening Price for Heartland Express of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $10.38 ( 1.02%) | $10.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HTLD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.84 | 3.37 % | |
| R2 | 10.67 | 1.69 % | ||
| R1 | 10.56 | 0.658 % | ||
| Current price: | 10.49 | |||
| Support | S1 | 10.21 | -2.69 % | |
| S2 | 10.10 | -3.73 % | ||
| S3 | 9.92 | -5.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.70 | 21.07 % | |
| R2 | 11.06 | 5.43 % | ||
| R1 | 10.79 | 2.86 % | ||
| Current price | 10.49 | |||
| Support | S1 | 10.44 | -0.477% | |
| S2 | 10.34 | -1.43% | ||
| S3 | 10.16 | -3.15% |
HTLD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 25, 2024 | Apr 05, 2024 | $0.0200 | 0.183% |
| 2 | Nov 21, 2023 | Dec 04, 2023 | Dec 15, 2023 | $0.0200 | 0.146% |
| 3 | Sep 15, 2023 | Sep 22, 2023 | Oct 05, 2023 | $0.0200 | 0.138% |
| 4 | May 11, 2023 | Jun 23, 2023 | Jul 06, 2023 | $0.0200 | 0.128% |
| 5 | Feb 14, 2023 | Mar 27, 2023 | Apr 07, 2023 | $0.0200 | 0.131% |
FAQ
Click here for our free guide on how to buy Heartland Express Stock.
