RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HQY
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Weaker technical forecast for HealthEquity as stock downgraded to Hold/Accumulate.
(Updated on Jul 24, 2024)

Buy or Hold candidate since Jul 23, 2024 Loss -0.80% PDF

The HealthEquity stock price fell by -0.800% on the last day (Wednesday, 24th Jul 2024) from $78.79 to $78.16. During the last trading day the stock fluctuated 4.03% from a day low at $76.39 to a day high of $79.47. The price has been going up and down for this period, and there has been a -1.11% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -112 thousand shares and in total, 665 thousand shares were bought and sold for approximately $51.99 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect HealthEquity stock with a 90% probability to be traded between $74.67 and $89.10 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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HQY Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, July 19, 2024, and so far it has risen 6.51%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The HealthEquity stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $81.92. On a fall, the stock will find some support from the short-term average at $77.67. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for HealthEquity stock

HealthEquity finds support from accumulated volume at $75.73 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 $3.08 between high and low, or 4.03%. For the last week, the stock has had daily average volatility of 4.63%.

Our recommended stop-loss: $74.74 (-4.38%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (HQY) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect HealthEquity to open at $78.01, and during the day (based on 14 day Average True Range), to move between $75.31 and $81.01, which gives a possible trading interval of +/-$2.85 (+/-3.65%) up or down from last closing price. If HealthEquity takes out the full calculated possible swing range there will be an estimated 7.30% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $75.73 (3.11%) than the resistance at $81.68 (4.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is HealthEquity stock A Buy?

HealthEquity holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

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Current score: 0.852 Hold/Accumulate Downgraded

Predicted Opening Price for HealthEquity of Thursday, July 25, 2024

Fair opening price July 25, 2024 Current price
$78.01 ( 0.196%) $78.16

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HQY

Fibonacci Support & Resistance Levels

Level Price
R3 81.09 3.74%
R2 79.91 2.24%
R1 79.18 1.31%
Price 78.16
S1 76.83 -1.70%
S2 76.10 -2.63%
S3 74.93 -4.14%

Accumulated Volume Support & Resistance Levels

Level Price
R3 86.20 10.29%
R2 83.40 6.70%
R1 81.68 4.50%
Price 78.16
S1 75.73 -3.11%
S2 75.44 -3.48%
S3 73.38 -6.12%

FAQ

What is the symbol for HealthEquity Stock and on which exchange is it traded?
The symbol for HealthEquity is HQY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell HealthEquity Stock?
HealthEquity holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

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

What's the current price of HealthEquity Stock?
As of the end of day on the Jul 24, 2024, the price of an HealthEquity (HQY) share was $78.16.

What is the 52-week high and low for HealthEquity Stock?
The 52-week high for HealthEquity Stock is $88.25 and the 52-week low is $61.50.

What is the market capitalization of HealthEquity Stock?
As of the Jul 24, 2024, the market capitalization of HealthEquity is 6.801B.

When is the next earnings date for HealthEquity?
The upcoming earnings date for HealthEquity is Sep 03, 2024.
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About HealthEquity

HealthEquity HealthEquity, Inc. provides technology-enabled services platforms to consumers and employers in the United States. The company offers cloud-based platforms for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts. It also provi... HQY Profile

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