Analysis Summary for Hospital Corporation of America (HCA)
Date of Analysis: June 21th, 2024
Time Target: A 2.5-year up composite cycle arrives on October 21st, 2024.
Price Target: starts at $360 (+/- $2)
Projected Move: The time cycle decomposition of HCA shows that there is going to be a top to bottom fast move approximately from late October to early 2025 (+/- cycle variance).
Deep analysis of HCA suggests the following:
- HCA reaches approximately $360 (+/- $2) by October 21st (+/- associated variance). This is confirmed by two short-term clusters arriving in late September and early October.
- It starts to sell off fast in the beginning of 2025.
- At least 30% fast move down is anticipated within the following 4-6 months.
In summary: HCA will top around $360 by October and the drop by at least 30% within 4-6 months. As soon as the market confirms our top projection, we will have confirmation points for the upcoming bottom.
