Green day on Friday for Heico Corporation stock after gaining 0.66392843076577%
(Updated on Dec 08, 2023)
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $176.69, a level that may pose a second chance to hit a runner. According to fan-theory $191.01 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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).
Maximize Your Market Edge: Go Premium for In-Depth AI-Powered Stock Research and Exclusive Lists! 🚀
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.
Current score: 3.006 Open Broker AccountBuy Candidate Unchanged
Predicted Opening Price for Heico Corporation of Monday, December 11, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
|Fair opening price December 11, 2023||Current price|
Remember To Visit Our YouTube Channel
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click here for our free guide on how to buy Heico Corporation Stock.