Red day on Friday for eHealth stock after losing 2.74%
(Updated on Nov 26, 2021)
Sell candidate since 2021-11-04 Loss -48.93% PDF
The eHealth stock price fell by -2.74% on the last day (Friday, 26th Nov 2021) from $23.71 to $23.06. During the day the stock fluctuated 6.06% from a day low at $21.96 to a day high of $23.29. The price has fallen in 8 of the last 10 days and is down by -21.16% 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 -195 thousand shares and in total, 524 thousand shares were bought and sold for approximately $12.08 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $22.09 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -18.61% during the next 3 months and, with a 90% probability hold a price between $17.98 and $35.74 at the end of this 3-month period.
Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, November 23, 2021, and so far it has risen 2.90%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The eHealth 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 $23.99 and $37.65. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss
eHealth finds support from accumulated volume at $22.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.33 between high and low, or 6.06%. For the last week, the stock has had a daily average volatility of 6.44%.
eHealth is oversold on RSI14 (10). 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 an negative evaluation for this stock. No stop-loss is set.
Is eHealth stock A Buy?
eHealth 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.
Current score: -2.876
Predicted Opening Price for eHealth of Monday, November 29, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price November 29, 2021||Current price|
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On Nov 10, 2021 "Credit Suisse Group" gave "$59.00 - $45.00" rating for EHTH. The price target was set to $31.56+5.3%.
EHTH Insider Trading
|Nov 15, 2021||Buy||3 000||Wolf Dale B||Common Stock|
|Nov 12, 2021||Buy||3 556||Russell Erin L||Common Stock|
|Nov 11, 2021||Buy||5 500||Soistman Francis S Jr||Common Stock|
|Nov 11, 2021||Buy||8 000||Hass A John||Common Stock|
|Nov 11, 2021||Sell||4 181||Hannan Timothy C.||Common Stock|
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