Learn to Evaluate Hawaiian Electric ($HE) using the Charts
October 07, 2023, 08:00 am ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HE
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short HE slightly under 17.64, target n/a, stop loss @ 17.69 Details
The technical summary data is suggesting a short of HE as it gets near 17.64, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 17.69. 17.64 is the first level of resistance above 11.86, and by rule, any test of resistance is a short signal. In this case, if resistance 17.64 is being tested, so a short signal would exist.
Swing Trading Plans for HE
- Buy HE slightly over 17.64, target 26.20, Stop Loss @ 17.59 Details
If 17.64 begins to break higher, the technical summary data tells us to buy HE just slightly over 17.64, with an upside target of 26.20. The data also tells us to set a stop loss @ 17.59 in case the stock turns against the trade. 17.64 is the first level of resistance above 11.86, and by rule, any break above resistance is a buy signal. In this case, 17.64, 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 HE slightly near 17.64, target 11.78, Stop Loss @ 17.69. Details
The technical summary data is suggesting a short of HE if it tests 17.64 with a downside target of 11.78. We should have a stop loss in place at 17.69 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, 17.64, 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 HE
- Buy HE slightly over 17.64, target 26.20, Stop Loss @ 17.6 Details
If 17.64 begins to break higher, the technical summary data tells us to buy HE just slightly over 17.64, with an upside target of 26.20. The data also tells us to set a stop loss @ 17.6 in case the stock turns against the trade. 17.64 is the first level of resistance above 11.86, and by rule, any break above resistance is a buy signal. In this case, 17.64, 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 HE slightly near 17.64, target 11.78, Stop Loss @ 17.68. Details
The technical summary data is suggesting a short of HE if it tests 17.64 with a downside target of 11.78. We should have a stop loss in place at 17.68 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, 17.64, 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 Hawaiian Electric (HE) available here: HE.
HE Ratings for October 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Weak |
| P1 |
0 |
0 |
17.64 |
| P2 |
11.34 |
11.37 |
26.20 |
| P3 |
11.63 |
11.78 |
34.28 |
AI Generated Signals for HE
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Hawaiian Electric (NYSE: HE) report below can help you understand how to do this. The trading plans for HE, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for HE:
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