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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HSIC
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Weaker technical forecast for Henry Schein as stock downgraded to Hold/Accumulate.
(Updated on Mar 18, 2024)

Buy or Hold candidate since Mar 15, 2024 Loss -0.54% PDF

The Henry Schein stock price fell by -0.536% on the last day (Monday, 18th Mar 2024) from $74.58 to $74.18. During the last trading day the stock fluctuated 1.22% from a day low at $73.58 to a day high of $74.48. The price has fallen in 7 of the last 10 days and is down by -3.4% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -549 thousand shares and in total, 912 thousand shares were bought and sold for approximately $67.67 million.

The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $73.59 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Henry Schein stock with a 90% probability to be traded between $74.92 and $82.39 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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HSIC Signals & Forecast

There are few to no technical positive signals at the moment. The Henry Schein stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $74.67 and $75.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 26, 2024, and so far it has fallen -7.93%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Henry Schein stock

Henry Schein finds support from accumulated volume at $74.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.90 (1.22%) between high and low. For the last week, the stock has had daily average volatility of 1.68%.

Henry Schein is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $70.24 (-5.31%) (This stock has low daily movements and this gives low risk. Low RSI14 is 24 which reduces the risk some. There is a sell signal from a pivot top found 15 days ago.)

Trading Expectations (HSIC) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect Henry Schein to open at $74.08, and during the day (based on 14 day Average True Range), to move between $72.51 and $75.85, which gives a possible trading interval of +/-$1.67 (+/-2.26%) up or down from last closing price. If Henry Schein takes out the full calculated possible swing range there will be an estimated 4.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $74.04 (0.19%) than the resistance at $77.85 (4.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Henry Schein stock A Buy?

Henry Schein holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.573 Hold/Accumulate Downgraded

Predicted Opening Price for Henry Schein of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$74.08 ( 0.135%) $74.18

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HSIC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 74.98 1.08 %
R2 74.64 0.615 %
R1 74.42 0.329 %
Current price: 74.18
Support S1 73.74 -0.598 %
S2 73.52 -0.88 %
S3 73.18 -1.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 80.57 8.61 %
R2 79.86 7.66 %
R1 77.85 4.95 %
Current price 74.18
Support S1 74.04 -0.189%
S2 73.95 -0.310%
S3 72.58 -2.16%

FAQ

What is the symbol for Henry Schein Stock and on which exchange is it traded?
The symbol for Henry Schein is HSIC and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Henry Schein Stock?
Henry Schein holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Henry Schein Stock?
Henry Schein Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Henry Schein Stock.

What's the current price of Henry Schein Stock?
As of the end of day on the 2024-03-18, the price of an Henry Schein (HSIC) share was $74.18.

What is the 52-week high and low for Henry Schein Stock?
The 52-week high for Henry Schein Stock is $85.75 and the 52-week low is $60.01.

What is the market capitalization of Henry Schein Stock?
As of the 2024-03-18, the market capitalization of Henry Schein is 9.533B.

When is the next earnings date for Henry Schein?
The upcoming earnings date for Henry Schein is May 14, 2024.
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About Henry Schein

Henry Schein Henry Schein, Inc. provides health care products and services to dental practitioners and laboratories, physician practices, government, institutional health care clinics, and other alternate care clinics worldwide. It operates through two segments, Health Care Distribution, and Technology and Value-Added Services. The Health Care Distribution segment offers dental products, including infection-control products, handpieces, preventatives, impress... HSIC Profile

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