Helios Technologies, Inc. Stock Forecast
Green day on Friday for Helios Technologies, Inc.
(Updated on Apr 26, 2024)
The Helios Technologies, Inc. stock price gained 1.95% on the last trading day (Friday, 26th Apr 2024), rising from $44.70 to $45.57. During the last trading day the stock fluctuated 2.78% from a day low at $44.65 to a day high of $45.89. The price has been going up and down for this period, and there has been a -1.21% loss for the last 2 weeks. Volume fell on the last day by -62 thousand shares and in total, 100 thousand shares were bought and sold for approximately $4.54 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 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 8.35% during the next 3 months and, with a 90% probability hold a price between $46.74 and $53.78 at the end of this 3-month period.
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HLIO Signals & Forecast
The Helios Technologies, Inc. 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 $45.47 and $44.52. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 1.99%. Further rise is indicated until a new top pivot has been found. 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. 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).
A buy signal from a double bottom formation was found on Tuesday, February 13, 2024 with a target of $42.97. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Helios Technologies, Inc. stock
Helios Technologies, Inc. finds support from accumulated volume at $44.53 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 $1.24 (2.78%) between high and low. For the last week, the stock has had daily average volatility of 2.89%.
Our recommended stop-loss: $43.38 (-4.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (HLIO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Helios Technologies, Inc. to open at $45.37, and during the day (based on 14 day Average True Range), to move between $44.28 and $46.86, which gives a possible trading interval of +/-$1.29 (+/-2.82%) up or down from last closing price. If Helios Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 5.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $45.75 (0.39%) than the support at $44.53 (2.28%), 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 Helios Technologies, Inc. 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 Helios Technologies, Inc. stock to perform well in the short-term.
Current score: 3.002 Buy Candidate Unchanged
Predicted Opening Price for Helios Technologies, Inc. of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $45.37 ( 0.439%) | $45.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HLIO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 46.61 | 2.28 % | |
| R2 | 46.14 | 1.24 % | ||
| R1 | 45.84 | 0.601 % | ||
| Current price: | 45.57 | |||
| Support | S1 | 44.90 | -1.48 % | |
| S2 | 44.60 | -2.12 % | ||
| S3 | 44.13 | -3.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.04 | 3.23 % | |
| R2 | 46.13 | 1.23 % | ||
| R1 | 45.75 | 0.395 % | ||
| Current price | 45.57 | |||
| Support | S1 | 44.53 | -2.28% | |
| S2 | 43.65 | -4.21% | ||
| S3 | 43.13 | -5.35% |
HLIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Apr 03, 2024 | Apr 19, 2024 | $0.0900 | 0.196% |
| 2 | Dec 12, 2023 | Jan 03, 2024 | Jan 19, 2024 | $0.0900 | 0.214% |
| 3 | Sep 25, 2023 | Oct 04, 2023 | Oct 20, 2023 | $0.0900 | 0.174% |
| 4 | Jun 05, 2023 | Jul 03, 2023 | Jul 20, 2023 | $0.0900 | 0.141% |
| 5 | Mar 09, 2023 | Apr 04, 2023 | Apr 20, 2023 | $0.0900 | 0.146% |
FAQ
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