Hudson Pacific Properties Inc Stock Forecast
Hudson Pacific Properties Inc stock downgraded to Strong Sell Candidate
(Updated on May 07, 2024)
The Hudson Pacific Properties Inc stock price fell by -3.87% on the last day (Tuesday, 7th May 2024) from $5.43 to $5.22. During the last trading day the stock fluctuated 5.17% from a day low at $5.22 to a day high of $5.49. The price has fallen in 7 of the last 10 days and is down by -12.71% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -42 thousand shares and in total, 2 million shares were bought and sold for approximately $9.54 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.09 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -19.99% during the next 3 months and, with a 90% probability hold a price between $4.07 and $4.95 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.
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HPP Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hudson Pacific Properties 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 $5.57 and $6.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -21.97%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Hudson Pacific Properties Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.270 between high and low, or 5.17%. For the last week, the stock has had daily average volatility of 6.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HPP) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Hudson Pacific Properties Inc to open at $5.31, and during the day (based on 14 day Average True Range), to move between $4.91 and $5.53, which gives a possible trading interval of +/-$0.309 (+/-5.92%) up or down from last closing price. If Hudson Pacific Properties Inc takes out the full calculated possible swing range there will be an estimated 11.84% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $5.44, some $0.220 (4.21%) from the current price of $5.22, our system finds the risk reward not very attractive.
Is Hudson Pacific Properties Inc stock A Buy?
Hudson Pacific Properties Inc 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.205 Strong Sell Candidate Downgraded
Predicted Opening Price for Hudson Pacific Properties Inc of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$5.31 ( 1.72%) | $5.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HPP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.58 | 6.90 % | |
R2 | 5.48 | 4.92 % | ||
R1 | 5.41 | 3.70 % | ||
Current price: | 5.22 | |||
Support | S1 | 5.21 | -0.252 % | |
S2 | 5.14 | -1.47 % | ||
S3 | 5.04 | -3.45 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.34 | 21.46 % | |
R2 | 6.25 | 19.73 % | ||
R1 | 5.44 | 4.21 % | ||
Current price | 5.22 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
HPP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 15, 2024 | Mar 15, 2024 | Mar 28, 2024 | $0.0500 | 0.775% |
2 | Jun 09, 2023 | Jun 16, 2023 | Jun 30, 2023 | $0.125 | 2.96% |
3 | Mar 10, 2023 | Mar 17, 2023 | Mar 30, 2023 | $0.250 | 3.88% |
4 | Dec 09, 2022 | Dec 16, 2022 | Dec 29, 2022 | $0.250 | 2.57% |
5 | Sep 09, 2022 | Sep 16, 2022 | Sep 29, 2022 | $0.250 | 2.29% |
FAQ
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