Should You Buy Hooker Furnishings Corp (HOFT) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/29
HOFT is not a good buy right now for a beginner long-term investor who is impatient. The stock is technically overbought and sitting near resistance, while the latest quarter shows revenue contraction and continuing losses. With no proprietary buy signals and no near-term catalysts, the risk/reward for buying immediately is unattractive.
Technical Analysis
Trend is bullish in the medium/long view (SMA_5 > SMA_20 > SMA_200), and MACD histogram is above zero (0.0822) but positively contracting, suggesting bullish momentum is fading. RSI_6 is very high at 80.06 (overbought), which increases the odds of a near-term pullback or churn rather than a clean continuation. Price is near resistance: R1 = 13.36 (current ~13.26–13.29) with R2 = 13.79; support levels are Pivot = 12.67 then S1 = 11.98. Pattern-based outlook provided also leans slightly negative near-term (next day -0.37%, next week -0.78%) before a modest 1-month improvement (+1.39%). Intellectia Proprietary Trading Signals: - [AI Stock Picker](module://ai_stock_pick): No signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.
Analyst Ratings and Price Target Trends
No analyst rating or price-target change data was provided, so there is no clear Wall Street trend to confirm a bullish long-term thesis. With no analyst updates to support an immediate entry and no near-term catalysts, the current setup does not justify buying at an overbought technical level. Politicians/other influential figures: no recent congress trading data available.
Wall Street analysts forecast HOFT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HOFT is 0 USD with a low forecast of 0 USD and a high forecast of 0 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
Wall Street analysts forecast HOFT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for HOFT is 0 USD with a low forecast of 0 USD and a high forecast of 0 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0
Current: 13.270

0
Current: 13.270


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