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AI Analysis of HELE
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Helen of Troy Limited stock price ended on $125.00 on Thursday after losing 0.620%
(Updated on Feb 29, 2024)

Buy candidate since Feb 15, 2024 Gain 0.20% PDF
The Helen of Troy Limited stock price fell by -0.620% on the last day (Thursday, 29th Feb 2024) from $125.78 to $125.00. During the last trading day the stock fluctuated 2.98% from a day low at $123.90 to a day high of $127.60. The price has been going up and down for this period, and there has been a 3.12% gain for the last 2 weeks. Volume has increased on the last day by 330 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 177 thousand shares were bought and sold for approximately $22.09 million.

The stock lies in the middle of a wide and weak 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 8.43% during the next 3 months and, with a 90% probability hold a price between $124.50 and $142.17 at the end of this 3-month period.

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HELE Signals & Forecast

The Helen of Troy Limited 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 $125.24. On a fall, the stock will find some support from the long-term average at approximately $120.25. 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, February 27, 2024, and so far it has fallen -1.01%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Helen of Troy Limited stock

Helen of Troy Limited finds support from accumulated volume at $121.16 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 $3.69 between high and low, or 2.98%. For the last week, the stock has had daily average volatility of 2.23%.

Our recommended stop-loss: $121.19 (-3.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

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

For the upcoming trading day on Friday, 1st we expect Helen of Troy Limited to open at $125.50, and during the day (based on 14 day Average True Range), to move between $121.42 and $128.58, which gives a possible trading interval of +/-$3.58 (+/-2.86%) up or down from last closing price. If Helen of Troy Limited takes out the full calculated possible swing range there will be an estimated 5.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $125.26 (0.21%) than the support at $121.16 (3.07%), 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 Helen of Troy Limited 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 Helen of Troy Limited stock to perform well in the short-term.

Current score: 3.256 Buy Candidate Unchanged

Predicted Opening Price for Helen of Troy Limited of Friday, March 1, 2024

Fair opening price March 1, 2024 Current price
$125.50 ( 0.399%) $125.00

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 129.19 3.35 %
R2 127.78 2.23 %
R1 126.91 1.53 %
Current price: 125.00
Support S1 124.09 -0.729 %
S2 123.22 -1.43 %
S3 121.81 -2.56 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 126.02 0.82 %
R2 125.78 0.624 %
R1 125.26 0.208 %
Current price 125.00
Support S1 121.16 -3.07%
S2 117.50 -6.00%
S3 110.61 -11.51%

FAQ

What is the symbol for Helen of Troy Limited Stock and on which exchange is it traded?
The symbol for Helen of Troy Limited is HELE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Helen of Troy Limited Stock?
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 Helen of Troy Limited stock to perform well in the short-term.

How to buy Helen of Troy Limited Stock?
Helen of Troy Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Helen of Troy Limited Stock.

What's the current price of Helen of Troy Limited Stock?
As of the end of day on the 2024-02-29, the price of an Helen of Troy Limited (HELE) share was $125.00.

What is the 52-week high and low for Helen of Troy Limited Stock?
The 52-week high for Helen of Troy Limited Stock is $143.68 and the 52-week low is $81.16.

What is the market capitalization of Helen of Troy Limited Stock?
As of the 2024-02-29, the market capitalization of Helen of Troy Limited is 2.987B.

When is the next earnings date for Helen of Troy Limited?
The upcoming earnings date for Helen of Troy Limited is Apr 24, 2024.

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About Helen of Troy Limited

Helen of Troy Limited Helen of Troy Limited provides various consumer products in the United States, Canada, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company operates through three segments: Home & Outdoor, Health & Wellness, and Beauty. The Home & Outdoor segment offers food preparation tools and gadgets, storage containers, and organization products; coffee makers, grinders, manual pour overs, and tea kettles; household cleaning prod... HELE Profile

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