HOLI Stock Summary and Trading Ideas (Hollysys Automation Technologies Ltd. | NASDAQ:HOLI)

Hollysys Automation Technologies Ltd is a China-based company that provides automation and control technologies and products. The company operates through three segments. Its IA segment supplies solutions including third-party hardware-centric products, proprietary software products, and others. The Rail segment supplies train control center and automation train protection to the rail and subway industries. The M&E segment consists of its two Southeast Asia-based subsidiaries that provide mechanical and electrical solutions. Hollysys Automation Technologies generates most of its sales from the Chinese domestic market.

Hollysys Automation Technologies Ltd. trades on the NASDAQ stock market under the symbol HOLI.

As of April 19, 2024, HOLI stock price climbed to $24.55 with 285,730 million shares trading.

HOLI has a beta of 0.42, meaning it tends to be less sensitive to market movements. HOLI has a correlation of 0.03 to the broad based SPY ETF.

HOLI has a market cap of $1.52 billion. This is considered a Small Cap stock.

In the last 3 years, HOLI stock traded as high as $27.26 and as low as $11.05.

The top ETF exchange traded funds that HOLI belongs to (by Net Assets): VXUS, VWO, VSS, KOMP, AVEM.

HOLI has outperformed the market in the last year with a price return of +54.1% while the SPY ETF gained +21.2%. However, in the short term, HOLI had mixed performance relative to the market. It has underperformed in the last 3 months, returning -4.4% vs +3.0% return in SPY. But in the last 2 weeks, HOLI shares have fared better than the market returning -4.0% compared to SPY -4.5%.

HOLI support price is $24.03 and resistance is $24.59 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HOLI stock will trade within this expected range on the day.