HEICO Corp Stock Forecast
Green day on Tuesday for HEICO Corp
(Updated on Jun 25, 2024)
The HEICO Corp stock price gained 0.660% on the last trading day (Tuesday, 25th Jun 2024), rising from $178.71 to $179.89. During the last trading day the stock fluctuated 1.95% from a day low at $177.50 to a day high of $180.97. The price has risen in 6 of the last 10 days and is up by 1.22% over the past 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 205 thousand shares were bought and sold for approximately $36.85 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $178.18 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 19.13% during the next 3 months and, with a 90% probability hold a price between $212.28 and $223.30 at the end of this 3-month period.
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HEI-A Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -0.415%. 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). The HEICO Corp 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 $178.92 and $174.73. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
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 $3.47 between high and low, or 1.95%. For the last week the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: $172.95 (-3.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 58 days ago.)
Trading Expectations (HEI-A) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect HEICO Corp to open at $179.45, and during the day (based on 14 day Average True Range), to move between $176.62 and $183.16, which gives a possible trading interval of +/-$3.27 (+/-1.82%) up or down from last closing price. If HEICO Corp takes out the full calculated possible swing range there will be an estimated 3.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $180.15 (0.14%) than the support at $175.66 (2.35%), 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: 3.783 Buy Candidate Unchanged
Predicted Opening Price for HEICO Corp of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $179.45 ( 0.243%) | $179.89 |
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 | 182.92 | 1.69% |
| R2 | 181.60 | 0.95% |
| R1 | 180.78 | 0.494% |
| Price | 179.89 | |
| S1 | 178.13 | -0.98% |
| S2 | 177.31 | -1.43% |
| S3 | 175.98 | -2.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 180.64 | 0.417% |
| R2 | 180.59 | 0.389% |
| R1 | 180.15 | 0.145% |
| Price | 179.89 | |
| S1 | 175.66 | -2.35% |
| S2 | 169.15 | -5.97% |
| S3 | 168.01 | -6.60% |
HEI-A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 01, 2024 | Jul 01, 2024 | Jul 15, 2024 | $0.110 | 0.0611% |
| 2 | Dec 18, 2023 | Jan 03, 2024 | Jan 19, 2024 | $0.100 | 0.0722% |
| 3 | Jun 12, 2023 | Jun 30, 2023 | Jul 17, 2023 | $0.100 | 0.0726% |
| 4 | Dec 19, 2022 | Jan 04, 2023 | Jan 23, 2023 | $0.100 | 0.0761% |
| 5 | Jun 20, 2022 | Jun 30, 2022 | Jul 15, 2022 | $0.0900 | 0.0830% |
FAQ
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