Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of HCDIP will rise by +134.31% over the next 2 Weeks and hit $2.58 by Friday, November 24, 2023. In that time frame, HCDIP's share price is expected to range between $2.43 and $2.72.
BearishAverageBullish| Date | Predicted Lower | Predicted | Predicted Upper |
|---|---|---|---|
| Nov 24, 2023 | 2.45 | 2.58 | 2.72 |
| Nov 23, 2023 | 2.38 | 2.53 | 2.67 |
| Nov 22, 2023 | 2.46 | 2.60 | 2.74 |
| Nov 21, 2023 | 2.49 | 2.64 | 2.78 |
| Nov 20, 2023 | 2.59 | 2.74 | 2.87 |
| Nov 17, 2023 | 2.67 | 2.81 | 2.95 |
| Nov 16, 2023 | 2.61 | 2.76 | 2.91 |
| Nov 15, 2023 | 2.69 | 2.83 | 2.98 |
| Nov 14, 2023 | 2.72 | 2.87 | 3.01 |
| Nov 13, 2023 | 2.83 | 2.97 | 3.12 |
| Nov 10, 2023 | 2.75 | 2.90 | 3.04 |
| Nov 8, 2023 | 3.05 | 3.20 | 3.34 |
| Nov 7, 2023 | 3.10 | 3.23 | 3.37 |
| Nov 6, 2023 | 3.19 | 3.33 | 3.48 |
HCDIP shares fell -14.06% in Wednesday, December 20, 2023's trading session, dropping from a previous close of $1.28 to move at $1.10. The stock demonstrated notable intraday movement (see HCDIP's key stats for a full breakdown), fluctuating between $1.01 and $1.25, a +23.76% trading range. While recent weeks have seen some volatility, HCDIP has managed to secure a +15.79% gain over the past 2 weeks. The downward price movement was accompanied by decreased trading volume, with approximately 4.9K shares changing hands, 5.88K fewer than the previous session. This amounted to $5.38K in total market activity.
Will HCDIP Continue Its Upward Trend?
According to analyst ratings and projections for HCDIP, Harbor Custom Development, Inc. shares are anticipated to increase by +59.53%, potentially reaching $2.72 per share by November 24, 2023. Short-term technical indicators currently suggest a bullish sentiment for HCDIP. However, the stock has recorded 20 negative trading days within the past 30 sessions. Based on the HCDIP stock forecast, now is a good time to buy HCDIP stock because its current trading price is -57.32% below our predicted value, hinting at a possible overvaluation. For deeper insights, view our sentiment analysis on HCDIP covering social and institutional perspectives.
HCDIP Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into HCDIP's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 33.77% to 47.04%) suggest mixed signals, with the stock in a neutral to slightly bearish momentum phase. The 50-day RSI, at 33.38%, hints at potential weakness developing in the medium term. Additionally, the 100-day RSI, at 37.61%, signals a bearish bias in the long-term trend. Insights into HCDIP's shareholder base show how institutional investors are positioning themselves during these momentum shifts

