Heroux-Devtek Inc. Stock Forecast
Heroux-Devtek Inc. stock price up 0.677% on Friday
(Updated on May 10, 2024)
The Heroux-Devtek Inc. stock price gained 0.677% on the last trading day (Friday, 10th May 2024), rising from $19.20 to $19.33. During the last trading day the stock fluctuated 0.83% from a day low at $19.20 to a day high of $19.36. The price has fallen in 6 of the last 10 days and is down by -3.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 35 more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $69.88 thousand.
The stock lies in the middle of a 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 9.31% during the next 3 months and, with a 90% probability hold a price between $20.60 and $22.47 at the end of this 3-month period.
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HRX.TO Signals & Forecast
The Heroux-Devtek Inc. 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 $19.34. On a fall, the stock will find some support from the long-term average at approximately $19.17. 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. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 3.65%. Further rise is indicated until a new top pivot has been found. Heroux-Devtek Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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). The stock had a Golden Star Signal on Wednesday, January 03, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, January 03, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Heroux-Devtek Inc. stock
Heroux-Devtek Inc. finds support from accumulated volume at $18.66 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 $0.160 (0.83%) between high and low. For the last week, the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: $18.33 (-5.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (HRX.TO) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Heroux-Devtek Inc. to open at $19.30, and during the day (based on 14 day Average True Range), to move between $18.87 and $19.79, which gives a possible trading interval of +/-$0.462 (+/-2.39%) up or down from last closing price. If Heroux-Devtek Inc. takes out the full calculated possible swing range there will be an estimated 4.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $19.51 (0.93%) than the support at $18.66 (3.47%), 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 Heroux-Devtek 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 Heroux-Devtek Inc. stock to perform well in the short-term.
Current score: 4.140 Buy Candidate Unchanged
Predicted Opening Price for Heroux-Devtek Inc. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $19.30 ( 0.172%) | $19.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HRX.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.46 | 0.655 % | |
| R2 | 19.40 | 0.339 % | ||
| R1 | 19.36 | 0.144 % | ||
| Current price: | 19.33 | |||
| Support | S1 | 19.24 | -0.489 % | |
| S2 | 19.20 | -0.684 % | ||
| S3 | 19.14 | -1.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.00 | 3.47 % | |
| R2 | 19.85 | 2.69 % | ||
| R1 | 19.51 | 0.93 % | ||
| Current price | 19.33 | |||
| Support | S1 | 18.66 | -3.47% | |
| S2 | 18.32 | -5.23% | ||
| S3 | 18.25 | -5.59% |
HRX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 09, 2012 | Dec 20, 2012 | Dec 19, 2012 | $5.00 | 39.22% |
FAQ
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