Hurco Companies Stock Forecast
Green day on Thursday for Hurco Companies
(Updated on Mar 28, 2024)
The Hurco Companies stock price gained 1.31% on the last trading day (Thursday, 28th Mar 2024), rising from $19.90 to $20.16. During the last trading day the stock fluctuated 2.34% from a day low at $19.70 to a day high of $20.16. The price has fallen in 6 of the last 10 days and is down by -3.91% for this period. Volume fell on the last day by -7 thousand shares and in total, 22 thousand shares were bought and sold for approximately $441.63 thousand. 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 very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $19.71 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.45% during the next 3 months and, with a 90% probability hold a price between $18.44 and $25.63 at the end of this 3-month period.
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HURC Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.97%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hurco Companies 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 $20.19 and $23.42. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Hurco Companies stock
Hurco Companies finds support from accumulated volume at $20.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.460 between high and low, or 2.34%. For the last week the stock has had daily average volatility of 2.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HURC) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Hurco Companies to open at $20.01, and during the day (based on 14 day Average True Range), to move between $19.24 and $21.08, which gives a possible trading interval of +/-$0.92 (+/-4.59%) up or down from last closing price. If Hurco Companies takes out the full calculated possible swing range there will be an estimated 9.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.20 (0.20%) than the support at $20.00 (0.79%), 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.
Is Hurco Companies stock A Buy?
Hurco Companies holds several negative signals and is within a very 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.
Current score: -2.480 Sell Candidate Unchanged
Predicted Opening Price for Hurco Companies of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$20.01 ( 0.761%) | $20.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HURC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.47 | 1.52 % | |
R2 | 20.29 | 0.650 % | ||
R1 | 20.18 | 0.111 % | ||
Current price: | 20.16 | |||
Support | S1 | 19.83 | -1.63 % | |
S2 | 19.72 | -2.17 % | ||
S3 | 19.55 | -3.04 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.75 | 12.85 % | |
R2 | 21.23 | 5.31 % | ||
R1 | 20.20 | 0.198 % | ||
Current price | 20.16 | |||
Support | S1 | 20.00 | -0.794% | |
S2 | 19.90 | -1.29% | ||
S3 | 19.78 | -1.88% |
HURC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.160 | 0.794% |
2 | Nov 10, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.160 | 0.672% |
3 | Sep 15, 2023 | Sep 29, 2023 | Oct 16, 2023 | $0.160 | 0.741% |
4 | Jun 09, 2023 | Jun 23, 2023 | Jul 10, 2023 | $0.160 | 0.746% |
5 | Mar 08, 2023 | Mar 24, 2023 | Apr 10, 2023 | $0.160 | 0.601% |
FAQ
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