HWC Price Prediction Next Week
Analysis and Insights
News Sentiment and Recent Developments:
Hancock Whitney Corporation (HWC) has recently shown positive developments that could impact its stock price. The company was highlighted as a top income stock with a 3.4% dividend yield and positive earnings estimates growth. Additionally, HWC announced a 12.5% increase in its quarterly dividend, demonstrating financial strength. The acquisition of Sabal Trust Co. is expected to enhance its market presence and improve earnings.
Technical Indicators Analysis:
- RSI: The Relative Strength Index (RSI) for HWC is currently at 14.87 (6-period), 25.37 (12-period), and 28.12 (14-period), indicating an oversold condition.
- MACD: The MACD line is below the signal line, suggesting bearish momentum.
- Moving Averages: The stock is trading below its 20, 50, and 200-day moving averages, indicating a bearish trend.
- Fibonacci Levels: The stock is near the lower support level of 51.24, with resistance at 52.66 and 54.97.
Price Prediction and Recommendation:
Given the oversold RSI and positive news, HWC may experience a short-term rebound. However, the overall bearish trend suggests limited upside.
Predicted Price for Next Trading Week: $53.50
Recommendation: Sell on any strength, as the broader trend remains bearish.
HWC Similar Chart Price Prediction
The price of HWC is predicted to go up 20.13%, based on the high correlation periods with GKOS. The similarity of these two price pattern on the periods is 98.12%.
HWC
GKOS
Up: 20.13%Similarity: 98.12%
HWC Revenue Forecast
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HWC Analyst's Forecast
Matt Olney
Stephens & Co.
Buy
2025-01-02
Price Target
$68
Upside
+25.88%
Stephens analysts presented the firm's 2025 Best Ideas list, which includes Valley National (VLY), CoStar Group (CSGP), Castle Biosciences (CSTL), Alignment Healthcare (ALHC), Privia Health (PRVA), Vulcan Materials (VMC), South State (SSB), Matson (MATX), Azenta (AZTA), Prog Holdings (PRG), Carvana (CVNA), Blueprint Medicines (BPMC), Truist Financial (TFC), Cognex (CGNX), Fiserv (FI), Hancock Whitney (HWC), SunOpta (STKL), Wingstop (WING), SM Energy (SM), The Andersons (ANDE) and Bank of Marin (BMRC).
Gary Tenner
DA Davidson
Strong Buy
2024-10-16
Price Target
$62 → $65
Upside
+21.91%
Brandon King
Truist Securities
Hold
2024-09-20
Price Target
$57 → $56
Upside
+8.89%
