Trend Tracker for (HEI)

October 22, 2024, 05:42 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HEI

• Buy HEI near 259.14 target 271.89 stop loss @ 258.39 Details

The technical summary data tells us to buy HEI near 259.14 with an upside target of 271.89. This data also tells us to set a stop loss @ 258.39 to protect against excessive loss in case the stock begins to move against the trade. 259.14 is the first level of support below 261.1 , and by rule, any test of support is a buy signal. In this case, support 259.14 is being tested, a buy signal would exist.

• Short HEI slightly under 271.89, target 259.14, stop loss @ 272.68 Details

The technical summary data is suggesting a short of HEI as it gets near 271.89 with a downside target of 259.14. We should have a stop loss in place at 272.68though. 271.89 is the first level of resistance above 261.1, and by rule, any test of resistance is a short signal. In this case, if resistance 271.89 is being tested, a short signal would exist.

Swing Trading Plans for HEI

• Buy HEI slightly over 261.37, target 266.77, Stop Loss @ 260.62 Details

If 261.37 begins to break higher, the technical summary data tells us to buy HEI just slightly over 261.37, with an upside target of 266.77. The data also tells us to set a stop loss @ 260.62 in case the stock turns against the trade. 261.37 is the first level of resistance above 261.1, and by rule, any break above resistance is a buy signal. In this case, 261.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short HEI slightly near 261.37, target 259.14, Stop Loss @ 262.12. Details

The technical summary data is suggesting a short of HEI if it tests 261.37 with a downside target of 259.14. We should have a stop loss in place at 262.12 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 261.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for HEI

• Buy HEI slightly over 261.37, target 263.14, Stop Loss @ 260.76 Details

If 261.37 begins to break higher, the technical summary data tells us to buy HEI just slightly over 261.37, with an upside target of 263.14. The data also tells us to set a stop loss @ 260.76 in case the stock turns against the trade. 261.37 is the first level of resistance above 261.1, and by rule, any break above resistance is a buy signal. In this case, 261.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short HEI slightly near 261.37, target 259.55, Stop Loss @ 261.98. Details

The technical summary data is suggesting a short of HEI if it tests 261.37 with a downside target of 259.55. We should have a stop loss in place at 261.98 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 261.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Heico Corporation (HEI) available here: HEI.

HEI Ratings for October 22:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	246.5
P2	259.55	261.37	259.14
P3	263.14	266.77	271.89

AI Generated Signals for HEI

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The data for Heico Corporation (NYSE: HEI) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for HEI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if HEI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for HEI too.  All of these are offered below the Summary Table.