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Previous Hold Today HE ranks #1474 as HOLD CANDIDATE #1474 Next Hold

HE stock forecast Hawaiian Electric Industries Inc

HE stock forecast

Monday June 24, 2019 Change -0.89% Price $43.54
Chart period: 2019-03-25 - 2019-06-24
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

Will HE stock price go up or down on Wed, 26 Jun 2019?

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Hawaiian Electric Industries Inc Forecast and Stock Analysis

Technical HE stock analysis for Monday June 24, 2019.

Hold candidate since 2019-06-24


Hawaiian Electric Industries Inc fell by -0.89% in the last day ( Monday, 24th Jun 2019 ) from $43.93 to $43.54 During day the stock fluctuated 1.09% from a day low at $43.51 to a day high of $43.98. The price has risen in 6 of the last 10 days and is up by 1.16% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -572 173 shares and in total 303 019 shares bought and sold for approximately $13.19 million.

Quick summary:

  • 30 day high of the HE stock price was $44.08 and low was $40.74.
  • 90 day high was $44.08 and low was $40.22.
  • 52 week high for the Hawaiian Electric Industries Inc - $44.08 and low - $33.71.

Trend

Hawaiian Electric Industries Inc lies in the upper part of a weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $43.98 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 6.93% during the next 3 months and, with 90% probability hold a price between $44.56 and $47.02 at the end of this period.

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Signals

Hawaiian Electric Industries Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $43.50 and $42.38. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday June 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 67 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Hawaiian Electric Industries Inc finds support from accumulated volume at $42.15.

Support: $42.15 Price: $43.54 Resistance: $43.58

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.47 (1.09%) between high and low. For the last week, the stock has had a daily average volatility of 1.42%.

Our recommended stoploss: $41.70 (-4.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

1.42 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Hawaiian Electric Industries Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Hold/Accumulate.

Hold/Accumulate Downgraded
Previous Hold Today HE ranks #1474 as HOLD CANDIDATE #1474 Next Hold

Will HE stock price go up or down on Wed, 26 Jun 2019?

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