0% commission for ETF tradesHealthEquity Stock Forecast
AI Analysis of HQY
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Stronger technical forecast for HealthEquity stock price after Thursday trading.
(Updated on Sep 12, 2024)
The HealthEquity stock price gained 1.90% on the last trading day (Thursday, 12th Sep 2024), rising from $75.15 to $76.58. During the last trading day the stock fluctuated 2.94% from a day low at $75.20 to a day high of $77.41. The price has risen in 6 of the last 10 days and is up by 1.38% over the past 2 weeks. Volume fell on the last day by -87 thousand shares and in total, 489 thousand shares were bought and sold for approximately $37.43 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 very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.43% during the next 3 months and, with a 90% probability hold a price between $57.18 and $73.22 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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HQY Signals & Forecast
The HealthEquity 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 $77.30. On a fall, the stock will find some support from the long-term average at approximately $75.35. 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. 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. A sell signal was issued from a pivot top point on Wednesday, September 04, 2024, and so far it has fallen -7.36%. 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).
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 $2.21 between high and low, or 2.94%. For the last week, the stock has had daily average volatility of 3.18%.
Our recommended stop-loss: $73.16 (-4.47%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 27 days ago.)
Trading Expectations (HQY) For The Upcoming Trading Day Of Friday 13th
For the upcoming trading day on Friday, 13th we expect HealthEquity to open at $76.40, and during the day (based on 14 day Average True Range), to move between $73.82 and $79.34, which gives a possible trading interval of +/-$2.76 (+/-3.61%) up or down from last closing price. If HealthEquity takes out the full calculated possible swing range there will be an estimated 7.22% 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 (1.11%) than the resistance at $78.63 (2.68%), 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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
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Current score: -0.866 Hold/Accumulate Upgraded
Predicted Opening Price for HealthEquity of Friday, September 13, 2024
| Fair opening price September 13, 2024 | Current price |
|---|---|
| $76.40 ( 0.239%) | $76.58 |
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 | 78.61 | 2.65% |
| R2 | 77.76 | 1.54% |
| R1 | 77.24 | 0.86% |
| Price | 76.58 | |
| S1 | 75.55 | -1.34% |
| S2 | 75.03 | -2.02% |
| S3 | 74.19 | -3.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 86.20 | 12.56% |
| R2 | 82.66 | 7.94% |
| R1 | 78.63 | 2.68% |
| Price | 76.58 | |
| S1 | 75.73 | -1.11% |
| S2 | 71.41 | -6.75% |
| S3 | 67.98 | -11.23% |
FAQ
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