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$23.06 (-2.74%)

Volume: 524k

Closed: Nov 26, 2021

Hollow Logo Score: -2.876

eHealth Stock Forecast

$23.06 (-2.74%)

Volume: 524k

Closed: Nov 26, 2021

Score Hollow Logo -2.876
Which way will EHTH go? Request
Key Stats
P/E Ratio -25.61
Beta 1.73
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 10 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

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%

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
$22.77 $23.06 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

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%.

Volatility and Risk
Daily Average Volatility: 6.44 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.44 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $23.60
Price: $23.06
Support: $22.41

EHTH Insider Trading Show all Trades

INSIDER POWER

3.922

Last 100 transactions
Buy: 494 355 | Sell: 126 031 (Shares)
Date Action Amount Person Type
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
Show all Insider Trades
INSIDER POWER

3.922

Last 100 transactions
Buy: 494 355 | Sell: 126 031 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 24.10 4.51 %
23.59 2.31 %
23.28 0.95 %
Current price: 23.06
Support 22.26 -3.46 %
21.95 -4.82 %
21.44 -7.03 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 28.00 21.42 %
27.85 20.77 %
23.60 2.34 %
Current price 23.06
Support 22.41 -2.82%
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About eHealth

eHealth eHealth, Inc. provides online health insurance services in the United States and China. Its e-commerce platforms organize and present health insurance information in various formats that enable individuals, families, and small businesses to research, analyze, compare, and purchase a range of health insurance plans. The company offers medical health insurance coverage, including preferred provider organization, health maintenance organization and ... Read more

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