Hubbell Inc Stock Forecast
Hubbell Inc stock price up 0.138% on Wednesday
(Updated on Apr 24, 2024)
The Hubbell Inc stock price gained 0.138% on the last trading day (Wednesday, 24th Apr 2024), rising from $398.00 to $398.55. 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 3.22% from a day low at $395.26 to a day high of $408.00. The price has been going up and down for this period, and there has been a -2.05% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 71 thousand more shares were traded than the day before. In total, 327 thousand shares were bought and sold for approximately $130.13 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $391.74 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 20.92% during the next 3 months and, with a 90% probability hold a price between $473.70 and $535.62 at the end of this 3-month period.
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HUBB Signals & Forecast
There are mixed signals in the stock today. The Hubbell Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $403.70. On a fall, the stock will find some support from the short-term average at $393.52. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -6.09%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell 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 Hubbell Inc stock
Hubbell Inc finds support from accumulated volume at $380.67 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 $12.74 between high and low, or 3.22%. For the last week, the stock has had daily average volatility of 2.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HUBB) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Hubbell Inc to open at $400.60, and during the day (based on 14 day Average True Range), to move between $388.94 and $408.16, which gives a possible trading interval of +/-$9.61 (+/-2.41%) up or down from last closing price. If Hubbell Inc takes out the full calculated possible swing range there will be an estimated 4.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $399.53 (0.25%) than the support at $380.67 (4.49%), 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.
Earnings coming up
Hubbell Inc will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $3.54. We will update the financials statements for Hubbell Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.89% in the first trading day after earnings release.
Is Hubbell Inc stock A Buy?
Hubbell Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.785 Sell Candidate Unchanged
Predicted Opening Price for Hubbell Inc of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$400.60 ( 0.515%) | $398.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUBB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 413.34 | 3.71 % | |
R2 | 408.48 | 2.49 % | ||
R1 | 405.47 | 1.74 % | ||
Current price: | 398.55 | |||
Support | S1 | 395.74 | -0.706 % | |
S2 | 392.73 | -1.46 % | ||
S3 | 387.86 | -2.68 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 409.17 | 2.66 % | |
R2 | 401.83 | 0.82 % | ||
R1 | 399.53 | 0.246 % | ||
Current price | 398.55 | |||
Support | S1 | 380.67 | -4.49% | |
S2 | 344.31 | -13.61% | ||
S3 | 332.56 | -16.56% |
HUBB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 28, 2024 | Feb 28, 2024 | Mar 15, 2024 | $1.22 | 0.309% |
2 | Oct 27, 2023 | Nov 29, 2023 | Dec 15, 2023 | $1.22 | 0.375% |
3 | Jul 21, 2023 | Aug 30, 2023 | Sep 15, 2023 | $1.12 | 0.355% |
4 | Apr 21, 2023 | May 30, 2023 | Sep 15, 2023 | $1.12 | 0.355% |
5 | Jan 27, 2023 | Feb 27, 2023 | Mar 15, 2023 | $1.12 | 0.478% |
FAQ
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