HEICO CORP. - Daily - Technical analysis published on 10/15/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 132.41 USD
My targets
121.98 USD (-1.45%)
102.86 USD (-16.90%)
My analysis
HEICO CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 132.41 USD. The next support located at 121.98 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 102.86 USD. Below this support, sellers could then target 93.61 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
3.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HEICO CORP. rating is 123.78 USD. On the day, this instrument gained +0.19% and was between 123.63 USD and 124.85 USD. This implies that the price is at +0.12% from its lowest and at -0.86% from its highest.123.63
124.85
123.78
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Daily chart of HEICO CORP. indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 93.61 | 102.86 | 121.98 | 123.78 | 132.41 | 145.95 |
| Change (%) | -24.37% | -16.90% | -1.45% | - | +6.97% | +17.91% |
| Change | -30.17 | -20.92 | -1.80 | - | +8.63 | +22.17 |
| Level | Major | Intermediate | Major | - | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 121.15 | 121.82 | 122.68 | 123.35 | 124.21 | 124.88 | 125.74 |
| Camarilla | 123.13 | 123.27 | 123.41 | 123.55 | 123.69 | 123.83 | 123.97 |
| Woodie | 121.26 | 121.87 | 122.79 | 123.40 | 124.32 | 124.93 | 125.85 |
| Fibonacci | 121.82 | 122.40 | 122.76 | 123.35 | 123.93 | 124.29 | 124.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 114.14 | 117.46 | 119.93 | 123.25 | 125.72 | 129.04 | 131.51 |
| Camarilla | 120.81 | 121.34 | 121.87 | 122.40 | 122.93 | 123.46 | 123.99 |
| Woodie | 113.72 | 117.25 | 119.51 | 123.04 | 125.30 | 128.83 | 131.09 |
| Fibonacci | 117.46 | 119.67 | 121.04 | 123.25 | 125.46 | 126.83 | 129.04 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.54 | 109.05 | 116.97 | 131.48 | 139.40 | 153.91 | 161.83 |
| Camarilla | 118.71 | 120.77 | 122.82 | 124.88 | 126.94 | 128.99 | 131.05 |
| Woodie | 91.24 | 107.40 | 113.67 | 129.83 | 136.10 | 152.26 | 158.53 |
| Fibonacci | 109.05 | 117.62 | 122.92 | 131.48 | 140.05 | 145.35 | 153.91 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 42.26 | |
| MACD (12,26,9): | -2.7300 | |
| Directional Movement: | -16.44 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 121.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 118.50 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 131.25 | |
| Zig ZAG (10): | 123.80 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 47.24 | |
| TEMA (21): | 121.39 | |
| Williams %R (14): | -44.77 | |
| Chande Momentum Oscillator (20): | -0.98 | |
| Repulse (5,40,3): | -1.4600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3800 | |
| Courbe Coppock: | 7.14 |
| MA7: | 123.46 | |
| MA20: | 125.21 | |
| MA50: | 133.65 | |
| MA100: | 132.28 | |
| MAexp7: | 123.60 | |
| MAexp20: | 125.65 | |
| MAexp50: | 129.45 | |
| MAexp100: | 126.84 | |
| Price / MA7: | +0.26% | |
| Price / MA20: | -1.14% | |
| Price / MA50: | -7.38% | |
| Price / MA100: | -6.43% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | -1.49% | |
| Price / MAexp50: | -4.38% | |
| Price / MAexp100: | -2.41% |
News
Don"t forget to follow the news on HEICO CORP.. At the time of publication of this analysis, the latest news was as follows:
- HEICO Corporation Subsdiary Acquires TTT-Cubed, Inc.
- HEICO Corporation Announces Regular Quarterly Conference Call
- HEICO Corporation to Host Earnings Call
- HEICO Corporation Named to Institutional Investor All America Investor Team; HEICO CEO, Laurans A. Mendelson, Named Best CEO in Aerospace & Defense Electronics; Company’s Investor Relations Placed Second
This member declared not having a position on this financial instrument or a related financial instrument.
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