Helios Technologies, Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Helios Technologies, Inc. stock downgraded after the last trading session.
(Updated on May 08, 2024)
The Helios Technologies, Inc. stock price fell by -0.0413% on the last day (Wednesday, 8th May 2024) from $48.40 to $48.38. During the last trading day the stock fluctuated 1.44% from a day low at $47.84 to a day high of $48.53. The price has risen in 6 of the last 10 days and is up by 5.73% over the past 2 weeks. Volume has increased on the last day by 20 thousand 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, 116 thousand shares were bought and sold for approximately $5.61 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 8.52% during the next 3 months and, with a 90% probability hold a price between $47.45 and $54.56 at the end of this 3-month period.
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HLIO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.0413%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. 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 $46.98 and $45.28. A breakdown below any of these levels will issue sell signals.
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.
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 $0.690 (1.44%) between high and low. For the last week, the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: $47.03 (-2.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HLIO) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Helios Technologies, Inc. to open at $48.25, and during the day (based on 14 day Average True Range), to move between $47.06 and $49.70, which gives a possible trading interval of +/-$1.32 (+/-2.73%) up or down from last closing price. If Helios Technologies, Inc. takes out the full calculated possible swing range there will be an estimated 5.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $48.40 (0.04%) than the support at $47.04 (2.77%), 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.
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?
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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.824 Buy Candidate Downgraded
Predicted Opening Price for Helios Technologies, Inc. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| $48.25 ( 0.269%) | $48.38 |
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 | 48.94 | 1.16 % | |
| R2 | 48.68 | 0.613 % | ||
| R1 | 48.51 | 0.276 % | ||
| Current price: | 48.38 | |||
| Support | S1 | 47.99 | -0.81 % | |
| S2 | 47.82 | -1.15 % | ||
| S3 | 47.56 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 48.40 | 0.0413 % | ||
| Current price | 48.38 | |||
| Support | S1 | 47.04 | -2.77% | |
| S2 | 44.53 | -7.96% | ||
| S3 | 43.13 | -10.85% |
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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