HEI.A Price Prediction Next Week
Technical Analysis: HEI.A is currently in oversold territory with RSI(14) at 32.75 and RSI(6) at a very low 19.18, suggesting extreme selling pressure. The stock has formed a bearish trend with prices below both 5-day (183.43) and 20-day (187.69) moving averages.
Price Levels and Fibonacci Analysis:
- Current Support: $178.15 (Fibonacci S1)
- Key Resistance: $191.97 (Fibonacci R1)
- Next Support: $173.87 (Fibonacci S2)
News Impact: Recent news indicates Berkshire Hathaway increased its stake in HEICO Corporation, which saw a 51% rise in stock value in 2024. However, the stock entered oversold territory on Friday, hitting an RSI reading of 29.7.
Price Prediction for Next Week: Based on technical indicators and Fibonacci levels:
- Bearish Scenario (60% probability): Price could test Fibonacci S1 at $178.15
- Bullish Scenario (40% probability): Price might bounce from oversold conditions to $191.97
Target Price: $182.50
Recommendation: HOLD The stock is oversold and near support levels, but showing strong bearish momentum. While a technical bounce is possible, current market conditions suggest waiting for confirmation of trend reversal before entering new positions.
HEI.A Similar Chart Price Prediction
The price of HEI.A is predicted to go up 2.16%, based on the high correlation periods with HEI. The similarity of these two price pattern on the periods is 93.24%.
HEI.A
HEI
Up: 2.16%Similarity: 93.24%
HEI.A Revenue Forecast
HEI.A EPS Forecast
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HEI.A Analyst's Forecast
Scott Deuschle
Deutsche Bank
Strong Buy
2024-12-19
Price Target
$271 → $266
Upside
+11.91%
Deutsche Bank analyst Scott Deuschle lowered the firm's price target on Heico to $266 from $271 and keeps a Buy rating on the shares. Aftermarket growth is holding up, but Q4 results were "a bit shy overall," the analyst tells investors in a post-earnings note.
Michael Ciarmoli
Truist Securities
Strong Buy
2024-10-18
Price Target
$264 → $282
Upside
+8.18%
Kristine Liwag
Morgan Stanley
Hold
2024-10-18
Price Target
$245 → $265
Upside
+1.66%
