Helios Technologies, Inc. Stock Forecast
Helios Technologies, Inc. stock upgraded from Buy Candidate to Strong Buy Candidate after Tuesday trading session.
(Updated on May 07, 2024)
The Helios Technologies, Inc. stock price gained 2.26% on the last trading day (Tuesday, 7th May 2024), rising from $47.33 to $48.40. During the last trading day the stock fluctuated 2.72% from a day low at $47.39 to a day high of $48.68. The price has risen in 7 of the last 10 days and is up by 6.07% over the past 2 weeks. Volume fell on the last day by -40 thousand shares and in total, 96 thousand shares were bought and sold for approximately $4.64 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 8.52% during the next 3 months and, with a 90% probability hold a price between $47.38 and $54.49 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 $46.68 and $45.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 16.01%. 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).
Support, Risk & Stop-loss for Helios Technologies, Inc. stock
Helios Technologies, Inc. finds support from accumulated volume at $47.04 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 $1.29 between high and low, or 2.72%. For the last week the stock has had daily average volatility of 3.12%.
Our recommended stop-loss: $46.81 (-3.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (HLIO) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Helios Technologies, Inc. to open at $48.16, and during the day (based on 14 day Average True Range), to move between $47.03 and $49.77, which gives a possible trading interval of +/-$1.37 (+/-2.83%) up or down from last closing price. If Helios Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 5.65% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $47.04, some $1.36 (2.81%) from the current price of $48.40, our system finds the risk reward attractive.
Earnings coming up
Helios Technologies, Inc. will release earnings AMC on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.450. We will update the financials statements for Helios Technologies, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.17% in the first trading day after earnings release.
Is Helios Technologies, Inc. stock A Buy?
Helios Technologies, Inc. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.706 Strong Buy Candidate Upgraded
Predicted Opening Price for Helios Technologies, Inc. of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$48.16 ( 0.503%) | $48.40 |
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 | 49.45 | 2.16 % | |
R2 | 48.95 | 1.14 % | ||
R1 | 48.65 | 0.515 % | ||
Current price: | 48.40 | |||
Support | S1 | 47.66 | -1.52 % | |
S2 | 47.36 | -2.15 % | ||
S3 | 46.87 | -3.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 48.40 | |||
Support | S1 | 47.04 | -2.81% | |
S2 | 44.53 | -8.00% | ||
S3 | 43.13 | -10.89% |
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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