HLIT Price Prediction Next Week
Analysis and Insights
Technical Analysis:
HLIT's stock price has shown a bearish trend recently, with the price fluctuating between $9.69 and $9.93 on the last trading day. The stock closed at $9.77, indicating a 1.71% drop. However, the Relative Strength Index (RSI) is at 36, suggesting the stock is oversold and may be due for a rebound.
Support and Resistance Levels:
- Support: $9.51
- Resistance: $10.16 and $10.32
The stock is currently trading near the lower end of its support level, which could act as a buying opportunity.
Fibonacci Levels:
- Pivot Point: $10.16
- R1: $10.48
- S1: $9.83
If the stock breaks above $10.16, it may move towards $10.48.
Insider Activity:
Recent insider purchases, including the CEO buying 7,780 shares, indicate confidence in the company's future. This positive sentiment could support the stock price.
Prediction:
Based on the oversold RSI and potential rebound, the stock is expected to rise to $10.48 next week.
Recommendation:
Buy HLIT stock as the technical indicators and insider activity suggest a bullish move.
HLIT Similar Chart Price Prediction
The price of HLIT is predicted to go up -3.2%, based on the high correlation periods with PSN. The similarity of these two price pattern on the periods is 93.18%.
HLIT
PSN
Down: -3.2%Similarity: 93.18%
HLIT Revenue Forecast
HLIT EPS Forecast
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HLIT Analyst's Forecast
Tim Long
Barclays
Hold
2025-02-11
Price Target
$14 → $10
Upside
+6.16%
Barclays analyst Tim Long lowered the firm's price target on Harmonic to $10 from $14 and keeps an Equal Weight rating on the shares. The company's Q4 beat expectations with both Broadband and Video ahead of estimates, but its fiscal 2025 Broadband guidance assumes a "significantly deeper" slowdown than estimated, the analyst tells investors in a research note.
Ryan Koontz
Needham
Strong Buy
2025-02-11
Price Target
$18 → $14
Upside
+48.62%
Tim Long
Barclays
Buy → Hold
2025-01-09
Price Target
$17 → $14
Upside
+12.54%
