1847 Holdings, LLC Stock Forecast
Evaluation of 1847 Holdings, LLC stock downgraded after the last trading session.
(Updated on May 24, 2024)
The 1847 Holdings, LLC stock price fell by -2.70% on the last day (Friday, 24th May 2024) from $1.26 to $1.23. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.92% from a day low at $1.22 to a day high of $1.28. The price has fallen in 8 of the last 10 days and is down by -46.23% for this period. 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 -57 thousand shares and in total, 286 thousand shares were bought and sold for approximately $350.02 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -19.27% during the next 3 months and, with a 90% probability hold a price between $0.608 and $2.12 at the end of this 3-month period.
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EFSH Signals & Forecast
There are few to no technical positive signals at the moment. The 1847 Holdings, LLC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.36 and $2.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -56.83%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for 1847 Holdings, LLC stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0600 between high and low, or 4.92%. For the last week the stock has had daily average volatility of 9.68%.
1847 Holdings, LLC is oversold on RSI14 (4). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EFSH) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect 1847 Holdings, LLC to open at $1.24, and during the day (based on 14 day Average True Range), to move between $0.94 and $1.51, which gives a possible trading interval of +/-$0.288 (+/-23.51%) up or down from last closing price. If 1847 Holdings, LLC takes out the full calculated possible swing range there will be an estimated 47.02% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.26, some $0.0340 (2.77%) from the current price of $1.23, our system finds the risk reward not very attractive.
Is 1847 Holdings, LLC stock A Buy?
1847 Holdings, LLC holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.781 Strong Sell Candidate Downgraded
Predicted Opening Price for 1847 Holdings, LLC of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| $1.24 ( 1.31%) | $1.23 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EFSH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.30 | 6.20 % | |
| R2 | 1.28 | 4.33 % | ||
| R1 | 1.26 | 3.17 % | ||
| Current price: | 1.23 | |||
| Support | S1 | 1.22 | -0.564 % | |
| S2 | 1.20 | -1.72 % | ||
| S3 | 1.18 | -3.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.38 | 12.56 % | |
| R2 | 1.36 | 10.93 % | ||
| R1 | 1.26 | 2.77 % | ||
| Current price | 1.23 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
EFSH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 01, 2022 | Sep 29, 2022 | Oct 17, 2022 | $3.28 | 1.77% |
| 2 | Aug 02, 2022 | Aug 03, 2022 | Aug 19, 2022 | $0.131 | 0.0421% |
| 3 | Mar 11, 2022 | Mar 30, 2022 | Apr 15, 2022 | $0.200 | 0.0245% |
| 4 | Nov 11, 2021 | Dec 30, 2021 | Jan 14, 2022 | $0.200 | 0.0222% |
FAQ
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