HEES Price Prediction Next Week
Analysis and Insights
Technical Analysis:
H&E Equipment Services (HEES) has shown a bullish trend recently, with the stock price currently trading at $95.79. The Relative Strength Index (RSI) for HEES is at 64.74, indicating the stock is in a neutral zone, not overbought or oversold. The MACD indicator shows a positive signal line but a slightly negative histogram, suggesting some weakening of upward momentum.
News Sentiment and Recent Developments:
H&E Equipment Services reported strong Q4 earnings, with an adjusted EPS of $0.99, beating the consensus estimate of $0.78. This positive earnings surprise has contributed to the stock's recent upward movement. Additionally, the company's dollar utilization rate of 38.2% in Q4 reflects improving operational efficiency.
Fibonacci Levels:
The Fibonacci levels for HEES indicate a pivot point at $93.86, with resistance levels at $94.99 and $95.68. The stock is currently trading near these resistance levels, which could act as a ceiling in the short term.
Price Prediction and Recommendation:
Based on the technical indicators and recent news sentiment, HEES is expected to face resistance around $96.81. While the stock has shown strength, the mixed signals from the MACD and the proximity to resistance levels suggest caution. The stock is likely to trade in a range with an upside potential of $96.50 in the next trading week.
Recommendation: Sell HEES at $96.50 as the stock is expected to pull back after hitting resistance levels.
HEES Similar Chart Price Prediction
The price of HEES is predicted to go up 24.14%, based on the high correlation periods with NEWP. The similarity of these two price pattern on the periods is 97.5%.
HEES
NEWP
Up: 24.14%Similarity: 97.5%
HEES Revenue Forecast
HEES EPS Forecast
HEES FAQs
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HEES Analyst's Forecast
Steven Fisher
UBS
Strong Buy → Hold
2025-01-17
Price Target
$60 → $92
Upside
+4.4%
UBS downgraded H&E Equipment (HEES) to Neutral from Buy with a price target of $92, up from $60, to reflect the acquisition of the company by United Rentals (URI). Given the size of the deal, the firm's base case is that there would not be a competing offer from another rental company.
