14-day Premium Trial Subscription Try For FreeTry Free
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 BHE
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Benchmark Electronics Inc stock upgraded to Strong Buy Candidate.
(Updated on Feb 29, 2024)

Buy or Hold candidate since Jan 30, 2024 Gain 10.99% PDF
The Benchmark Electronics Inc stock price gained 2.47% on the last trading day (Thursday, 29th Feb 2024), rising from $29.97 to $30.71. During the last trading day the stock fluctuated 2.36% from a day low at $30.07 to a day high of $30.78. The price has risen in 6 of the last 10 days and is up by 2.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 67 thousand more shares were traded than the day before. In total, 214 thousand shares were bought and sold for approximately $6.58 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 16.24% during the next 3 months and, with a 90% probability hold a price between $32.25 and $36.80 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

BHE Signals & Forecast

The Benchmark Electronics Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $30.00 and $28.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 20.10%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Benchmark Electronics Inc stock

Benchmark Electronics Inc finds support from accumulated volume at $30.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.710 between high and low, or 2.36%. For the last week, the stock has had daily average volatility of 1.99%.

Our recommended stop-loss: $29.52 (-3.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (BHE) For The Upcoming Trading Day Of Friday 1st

For the upcoming trading day on Friday, 1st we expect Benchmark Electronics Inc to open at $30.52, and during the day (based on 14 day Average True Range), to move between $29.90 and $31.52, which gives a possible trading interval of +/-$0.81 (+/-2.62%) up or down from last closing price. If Benchmark Electronics Inc takes out the full calculated possible swing range there will be an estimated 5.24% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $30.33, some $0.380 (1.24%) from the current price of $30.71, our system finds the risk reward attractive.

Is Benchmark Electronics Inc stock A Buy?

Benchmark Electronics Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 5.882 Strong Buy Candidate Upgraded

Predicted Opening Price for Benchmark Electronics Inc of Friday, March 1, 2024

Fair opening price March 1, 2024 Current price
$30.52 ( 0.619%) $30.71

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

News Digest

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 31.23 1.69 %
R2 30.96 0.81 %
R1 30.79 0.264 %
Current price: 30.71
Support S1 30.25 -1.50 %
S2 30.08 -2.05 %
S3 29.81 -2.93 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 30.71
Support S1 30.33 -1.24%
S2 29.60 -3.61%
S3 26.98 -12.15%

FAQ

What is the symbol for Benchmark Electronics Inc Stock and on which exchange is it traded?
The symbol for Benchmark Electronics Inc is BHE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Benchmark Electronics Inc Stock?
Benchmark Electronics Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

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

What's the current price of Benchmark Electronics Inc Stock?
As of the end of day on the 2024-02-29, the price of an Benchmark Electronics Inc (BHE) share was $30.71.

What is the 52-week high and low for Benchmark Electronics Inc Stock?
The 52-week high for Benchmark Electronics Inc Stock is $31.10 and the 52-week low is $20.58.

What is the market capitalization of Benchmark Electronics Inc Stock?
As of the 2024-02-29, the market capitalization of Benchmark Electronics Inc is 1.099B.

When is the next earnings date for Benchmark Electronics Inc?
The upcoming earnings date for Benchmark Electronics Inc is May 01, 2024.

Click to get the best stock tips daily for free!

About Benchmark Electronics Inc

Benchmark Electronics Benchmark Electronics, Inc., together with its subsidiaries, provides product design, engineering services, technology solutions, and manufacturing services in the Americas, Asia, and Europe. The company offers engineering services and technology solutions, including new product design, prototype, testing, and related engineering services; and custom testing and technology solutions, as well as automation equipment design and build services. It a... BHE Profile

BHE Dividend Data

2.67%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Frequency Quarterly
Amount Per Share $0.165
View Details

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT