1847 Holdings, LLC Stock Forecast

Stronger technical forecast for 1847 Holdings, LLC stock price after Friday trading.
(Updated on May 03, 2024)

EFSH Signals & Forecast

The 1847 Holdings, LLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $2.47 and $2.19. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 1847 Holdings, LLC has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Thursday, February 15, 2024, and so far it has fallen -24.12%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for 1847 Holdings, LLC stock

On the downside, the stock finds support just below today's level from accumulated volume at $2.37 and $2.34. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, 1847 Holdings, LLC finds support just below today's level at $2.37. If this is broken, then the next support from accumulated volume will be at $2.34 and $1.95.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.119 between high and low, or 4.82%. For the last week, the stock has had daily average volatility of 13.12%.

Our recommended stop-loss: $2.43 (-5.92%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 54 days ago.)

Trading Expectations (EFSH) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect 1847 Holdings, LLC to open at $2.55, and during the day (based on 14 day Average True Range), to move between $2.19 and $2.97, which gives a possible trading interval of +/-$0.388 (+/-15.04%) up or down from last closing price. If 1847 Holdings, LLC takes out the full calculated possible swing range there will be an estimated 30.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $2.73 (5.81%) than the support at $2.37 (8.29%), 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.

Is 1847 Holdings, LLC stock A Buy?

1847 Holdings, LLC holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.486 Hold/Accumulate Upgraded

Predicted Opening Price for 1847 Holdings, LLC of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.