Technical Analysis:
Based on recent price action, HEI is showing bearish momentum with RSI at 40.57 indicating a neutral-to-bearish sentiment. The stock is trading below its 20-day SMA (231.38) and 60-day SMA (242.66), suggesting a short-term downtrend.
Price Levels:
- Current Price: $225.62
- Key Fibonacci Levels:
- Resistance: R1 at $233.76, R2 at $238.29
- Support: S1 at $219.09, S2 at $214.55
- Bollinger Bands indicate moderate volatility with price near the middle band (231.38)
News Impact:
Recent analyst coverage shows HEI has a 69% rating based on Martin Zweig's growth strategy, indicating moderate investment potential. The stock has significant institutional interest with analysts setting an average target price of $268.42, suggesting a 19.01% upside from recent levels.
Next Week Forecast:
Based on technical indicators and price patterns:
- Bearish Scenario (60% probability): Price likely to test S1 support at $219.09
- Neutral Scenario (30% probability): Consolidation between $223-$228
- Bullish Scenario (10% probability): Bounce towards R1 at $233.76
Price Target: $219-221 range for next week
Recommendation: SELL
- Current technical setup suggests continued weakness
- MACD showing negative momentum (-4.17)
- Price below key moving averages
- Low stochastic readings (29.78) indicate oversold conditions, but trend remains bearish
Technical Analysis:
Based on recent price action, HEI is showing bearish momentum with RSI at 40.57 indicating a neutral-to-bearish sentiment. The stock is trading below its 20-day SMA (231.38) and 60-day SMA (242.66), suggesting a short-term downtrend.
Price Levels:
- Current Price: $225.62
- Key Fibonacci Levels:
- Resistance: R1 at $233.76, R2 at $238.29
- Support: S1 at $219.09, S2 at $214.55
- Bollinger Bands indicate moderate volatility with price near the middle band (231.38)
News Impact:
Recent analyst coverage shows HEI has a 69% rating based on Martin Zweig's growth strategy, indicating moderate investment potential. The stock has significant institutional interest with analysts setting an average target price of $268.42, suggesting a 19.01% upside from recent levels.
Next Week Forecast:
Based on technical indicators and price patterns:
- Bearish Scenario (60% probability): Price likely to test S1 support at $219.09
- Neutral Scenario (30% probability): Consolidation between $223-$228
- Bullish Scenario (10% probability): Bounce towards R1 at $233.76
Price Target: $219-221 range for next week
Recommendation: SELL
- Current technical setup suggests continued weakness
- MACD showing negative momentum (-4.17)
- Price below key moving averages
- Low stochastic readings (29.78) indicate oversold conditions, but trend remains bearish