To The Moon

$H&E Equipment(HEES)$ 

After the recent trading day on Jan 11th, HEES stock hovered at $47.96, moving -1.58% from the previous trading session. This move lagged the S&P 500's daily gain of 1.29%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 10.96%.

Heading into today, shares of the construction and industrial equipment service provider had gained 6.03% over the past month, outpacing the Industrial Products sector's gain of 3.55% and the S&P 500's loss of 0.23% in that time.

H&E Equipment will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.01, up 71.19% from the prior-year quarter. Meanwhile, the Z Estimate for revenue is projecting net sales of $327.31 million, up 16.38% from the year-ago period.

Evaluation of H&E Equipment Services stock downgraded after the last trading session.

(Updated on Jan 13, 2023)

Buy or Hold candidate since 2022-10-21 Gain 54.38% PDF

The H&E Equipment Services stock price fell by -1.73% on the last day (Friday, 13th Jan 2023) from $48.07 to $47.24. During the last trading day the stock fluctuated 2.41% from a day low at $47.09 to a day high of $48.22. The price has been going up and down for this period, and there has been a 2.45% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -97 thousand shares and in total, 265 thousand shares were bought and sold for approximately $12.52 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 49% during the next 3 months and, with a 90% probability hold a price between $66.22 and $73.78 at the end of this 3-month period.

HEES Signals & Forecast

The H&E Equipment Services stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $47.61. On a fall, the stock will find some support from the long-term average at approximately $44.64. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, January 10, 2023, and so far it has fallen -3.06%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Here's how to buy HEES stock if you're new to investing.

Support, Risk & Stop-loss for H&E Equipment Services stock

H&E Equipment Services finds support from accumulated volume at $46.19 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

$46.19 $47.24 $47.44

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.13 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 2.86%.

Our recommended stop-loss: $45.00 (-4.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (HEES) For The Upcoming Trading Day Of Tuesday 17th

For the upcoming trading day on Tuesday, 17th we expect H&E Equipment Services to open at $47.52, and during the day (based on 14 day Average True Range), to move between $45.74 and $48.74, which gives a possible trading interval of +/-$1.50 (+/-3.17%) up or down from last closing price. If H&E Equipment Services takes out the full calculated possible swing range there will be an estimated 6.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $47.44 (0.42%) than the support at $46.19 (2.22%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Insiders are positive buying more shares than they are selling in H&E Equipment Services

In the last 100 trades there were 595.98 thousand shares bought and 401.56 thousand shares sold. The last trade was made 69 days ago by Bagley Gary W who sold 8.04 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.