HEICO Corp Stock Forecast
HEICO Corp stock price ended at $177.21 on Friday, after losing 0.95%.
(Updated on Jun 14, 2024)
The HEICO Corp stock price fell by -0.95% on the last day (Friday, 14th Jun 2024) from $178.91 to $177.21. During the last trading day the stock fluctuated 1.80% from a day low at $176.44 to a day high of $179.62. The price has been going up and down for this period, and there has been a 0.88% gain for the last 2 weeks. 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 -8 thousand shares and in total, 161 thousand shares were bought and sold for approximately $28.61 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $175.53 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.13% during the next 3 months and, with a 90% probability hold a price between $210.86 and $221.73 at the end of this 3-month period.
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HEI-A Signals & Forecast
The HEICO Corp stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $177.74. On a fall, the stock will find some support from the long-term average at approximately $172.65. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -1.90%. Further fall is indicated until a new bottom pivot has been found. 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 HEICO Corp stock
HEICO Corp finds support from accumulated volume at $175.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.18 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: $168.11 (-5.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 52 days ago.)
Trading Expectations (HEI-A) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect HEICO Corp to open at $177.76, and during the day (based on 14 day Average True Range), to move between $173.94 and $180.48, which gives a possible trading interval of +/-$3.27 (+/-1.85%) up or down from last closing price. If HEICO Corp takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $177.72 (0.29%) than the support at $175.66 (0.87%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is HEICO Corp stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for HEICO Corp stock to perform well in the short-term.
Current score: 3.032 Buy Candidate Unchanged
Predicted Opening Price for HEICO Corp of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $177.76 ( 0.308%) | $177.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HEI-A
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 180.94 | 2.10% |
| R2 | 179.72 | 1.42% |
| R1 | 178.97 | 0.99% |
| Price | 177.21 | |
| S1 | 176.54 | -0.377% |
| S2 | 175.79 | -0.80% |
| S3 | 174.58 | -1.49% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 180.64 | 1.94% |
| R2 | 178.45 | 0.700% |
| R1 | 177.72 | 0.288% |
| Price | 177.21 | |
| S1 | 175.66 | -0.87% |
| S2 | 169.15 | -4.55% |
| S3 | 168.01 | -5.19% |
HEI-A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 18, 2023 | Jan 03, 2024 | Jan 19, 2024 | $0.100 | 0.0722% |
| 2 | Jun 12, 2023 | Jun 30, 2023 | Jul 17, 2023 | $0.100 | 0.0726% |
| 3 | Dec 19, 2022 | Jan 04, 2023 | Jan 23, 2023 | $0.100 | 0.0761% |
| 4 | Jun 20, 2022 | Jun 30, 2022 | Jul 15, 2022 | $0.0900 | 0.0830% |
| 5 | Dec 20, 2021 | Jan 05, 2022 | Jan 20, 2022 | $0.0900 | 0.0724% |
FAQ
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