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HEES Stock Tickeron detected bearish Stock Pattern: Broadening Bottom HEES on April 19, 2024, netting in a 16.77% gain over 1 week

A.I.dvisor
at Tickeron.com
05/02/24
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+16.77% Gain from a Successful pattern Broadening Bottom
HEES - H&E Equipment Services
Tickeron
Ticker: HEES
Company: H&E Equipment Services
Gain from shortening: +16.77%
Confirmed: 04/19/24
Succeeded: 04/30/24
Total length: 12 days
On April 18, 2024, A.I.dvisor detected a Broadening Bottom Pattern (Bearish) for H&E Equipment Services (HEES, $58.02). 1 day later, on April 19, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On April 30, 2024, the stock hit the target price of $50.43 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

HEES in -1.25% downward trend, falling for three consecutive days on November 13, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where HEES declined for three days, in of 286 cases, the price declined further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for HEES moved out of overbought territory on November 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 40 similar instances where the indicator moved out of overbought territory. In of the 40 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

HEES broke above its upper Bollinger Band on November 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 06, 2024. You may want to consider a long position or call options on HEES as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for HEES just turned positive on November 07, 2024. Looking at past instances where HEES's MACD turned positive, the stock continued to rise in of 52 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where HEES advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 259 cases where HEES Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock better than average.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. HEES’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.299) is normal, around the industry mean (4.760). P/E Ratio (13.515) is within average values for comparable stocks, (55.979). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.039). Dividend Yield (0.018) settles around the average of (0.041) among similar stocks. P/S Ratio (1.557) is also within normal values, averaging (3.178).

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HEES
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General Information

a provider of equipment rentals, sales, parts and service

Industry FinanceRentalLeasing

Profile
Fundamentals
Details
Industry
Finance Or Rental Or Leasing
Address
7500 Pecue Lane
Phone
+1 225 298-5200
Employees
2765
Web
https://www.he-equipment.com