Maiden Holdings Ltd. 6.625% Notes due ETF Forecast

Maiden Holdings Ltd. 6.625% Notes due ETF price ended at $15.75 on Wednesday, after losing 0%.
(Updated on May 01, 2024)

MHLA Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has fallen 0%. 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 Maiden Holdings Ltd. 6.625% Notes due ETF 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 $16.00 and $16.33. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Maiden Holdings Ltd. 6.625% Notes due ETF

Maiden Holdings Ltd. 6.625% Notes due finds support from accumulated volume at $15.58 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the ETF. During the last day, the ETF moved $0 between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.742%.

Our recommended stop-loss: $14.77 (-6.22%) (This ETF has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (MHLA) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Maiden Holdings Ltd. 6.625% Notes due 2046 to open at $15.75, and during the day (based on 14 day Average True Range), to move between $15.48 and $16.02, which gives a possible trading interval of +/-$0.265 (+/-1.68%) up or down from last closing price. If Maiden Holdings Ltd. 6.625% Notes due 2046 takes out the full calculated possible swing range there will be an estimated 3.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.88 (0.83%) than the support at $15.58 (1.08%), 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 Maiden Holdings Ltd. 6.625% Notes due 2046 ETF A Buy?

Maiden Holdings Ltd. 6.625% Notes due holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.977 Hold/Accumulate Unchanged

Predicted Opening Price for Maiden Holdings Ltd. 6.625% Notes due 2046 of Thursday, May 2, 2024

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