Heico Corporation Stock Forecast

HEI Signals & Forecast

The Heico Corporation 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 $175.93 and $166.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, October 30, 2023, and so far it has risen 14.05%. 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).

Buy

Special Signal Notification

Double Bottom Formation

A buy signal from a double bottom formation was found on Monday, October 30, 2023 and based on theory for this formation the price should go up by 0.0300% to $178.97 within 24 trading days since signal was issued (Monday, December 11, 2023).

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Support, Risk & Stop-loss for Heico Corporation stock

Heico Corporation finds support from accumulated volume at $175.90 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 $2.57 (1.44%) between high and low. For the last week, the stock has had daily average volatility of 1.85%.

Our recommended stop-loss: $172.33 (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 28 days ago.)

Trading Expectations (HEI) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect Heico Corporation to open at $179.14, and during the day (based on 14 day Average True Range), to move between $175.94 and $181.88, which gives a possible trading interval of +/-$2.97 (+/-1.66%) up or down from last closing price. If Heico Corporation takes out the full calculated possible swing range there will be an estimated 3.32% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $175.90, some $3.01 (1.68%) from the current price of $178.91, our system finds the risk reward attractive.

Is Heico Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Heico Corporation stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.

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