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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

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 HE
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Stronger technical forecast for Hawaiian Electric Industries Inc stock price after Thursday trading.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Hawaiian Electric Industries Inc stock price gained 2.55% on the last trading day (Thursday, 28th Mar 2024), rising from $10.99 to $11.27. During the last trading day the stock fluctuated 3.85% from a day low at $10.90 to a day high of $11.32. The price has risen in 6 of the last 10 days and is up by 2.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 92 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $23.64 million.

The stock lies in the middle of a 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 -24.11% during the next 3 months and, with a 90% probability hold a price between $8.15 and $8.94 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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HE Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 3.78%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hawaiian Electric Industries Inc 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 $11.98. On a fall, the stock will find some support from the short-term average at $11.15. 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.

Support, Risk & Stop-loss for Hawaiian Electric Industries Inc stock

Hawaiian Electric Industries Inc finds support from accumulated volume at $11.16 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 $0.420 between high and low, or 3.85%. For the last week, the stock has had daily average volatility of 3.39%.

Our recommended stop-loss: $10.72 (-4.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (HE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Hawaiian Electric Industries Inc to open at $11.16, and during the day (based on 14 day Average True Range), to move between $10.87 and $11.67, which gives a possible trading interval of +/-$0.405 (+/-3.59%) up or down from last closing price. If Hawaiian Electric Industries Inc takes out the full calculated possible swing range there will be an estimated 7.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $11.16 (0.98%) than the resistance at $12.47 (10.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hawaiian Electric Industries Inc stock A Buy?

Hawaiian Electric Industries Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.166 Hold/Accumulate Upgraded

Predicted Opening Price for Hawaiian Electric Industries Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$11.16 ( 0.95%) $11.27

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

Trading levels for HE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.58 2.78 %
R2 11.42 1.36 %
R1 11.32 0.477 %
Current price: 11.27
Support S1 11.00 -2.37 %
S2 10.90 -3.25 %
S3 10.74 -4.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.22 17.30 %
R2 13.11 16.33 %
R1 12.47 10.65 %
Current price 11.27
Support S1 11.16 -0.98%
S2 11.04 -2.04%
S3 11.03 -2.13%

HE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 03, 2023 Aug 17, 2023 Sep 08, 2023 $0.360 2.87%
2 May 04, 2023 May 18, 2023 Sep 08, 2023 $0.360 2.87%
3 Feb 10, 2023 Feb 22, 2023 Mar 10, 2023 $0.360 0.96%
4 Nov 03, 2022 Nov 21, 2022 Dec 09, 2022 $0.350 0.85%
5 Aug 05, 2022 Aug 17, 2022 Sep 09, 2022 $0.350 0.88%

FAQ

What is the symbol for Hawaiian Electric Industries Inc Stock and on which exchange is it traded?
The symbol for Hawaiian Electric Industries Inc is HE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Hawaiian Electric Industries Inc Stock?
Hawaiian Electric Industries Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Hawaiian Electric Industries Inc Stock?
As of the end of day on the 2024-03-28, the price of an Hawaiian Electric Industries Inc (HE) share was $11.27.

What is the 52-week high and low for Hawaiian Electric Industries Inc Stock?
The 52-week high for Hawaiian Electric Industries Inc Stock is $40.15 and the 52-week low is $9.06.

What is the market capitalization of Hawaiian Electric Industries Inc Stock?
As of the 2024-03-28, the market capitalization of Hawaiian Electric Industries Inc is 1.241B.

When is the next earnings date for Hawaiian Electric Industries Inc?
The upcoming earnings date for Hawaiian Electric Industries Inc is May 14, 2024.
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About Hawaiian Electric Industries Inc

Hawaiian Electric Industries Hawaiian Electric Industries, Inc. (HEI) is the largest supplier of electricity in the U.S. state of Hawaii, supplying power to 95% of Hawaii's population through its electric utilities: Hawaiian Electric Company serving Oahu, Hawai'i Electric Light Company serving The Big Island, and Maui Electric Company serving Maui, Lanai, and Molokai. In addition, HEI owns a financial institution serving Hawaii, American Savings Bank, and a clean energy and ... HE Profile

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