HDL Price Prediction Next Week
Prediction and Recommendation for HDL Stock
Based on the analysis of technical indicators and recent news sentiment, here is the prediction and recommendation for HDL stock:
Technical Analysis:
- RSI (14): 37.79, indicating the stock is in a bearish zone.
- MACD: 0.19 (positive but with a bearish signal line crossover imminent).
- Stochastic Oscillator: %K (34.79) below %D (52.75), suggesting downward momentum.
- Fibonacci Levels: Pivot at $25.50, with support levels at $22.89 (S1) and $21.28 (S2).
News Sentiment:
- HDL experienced a 10% gain on 2024-09-23 but fell 7.8% on 2024-12-02 in pre-market, indicating volatility.
Price Prediction:
- Target Price: $21.28 (S2 support level).
Recommendation:
- Action: Sell or avoid buying until the stock shows recovery signs or breaks above the pivot point.
Conclusion
HDL is expected to drop to $21.28 next week. Consider selling or holding off on purchases until the stock rebounds.
HDL Similar Chart Price Prediction
The price of HDL is predicted to go up 18.5%, based on the high correlation periods with CHRS. The similarity of these two price pattern on the periods is 91.19%.
HDL
CHRS
Up: 18.5%Similarity: 91.19%
