Select Medical Holdings Corporation stock price ended on $30.13 on Tuesday after gaining 2.2%
(Updated on Dec 07, 2021)
Sell candidate since 2021-11-18 Loss -5.46% PDF
The Select Medical Holdings Corporation stock price gained 2.20% on the last trading day (Tuesday, 7th Dec 2021), rising from $29.48 to $30.13. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 5.21% from a day low at $29.39 to a day high of $30.92. The price has fallen in 7 of the last 10 days and is down by -1.37% for this period. Volume fell on the last day by -110 thousand shares and in total, 547 thousand shares were bought and sold for approximately $16.48 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -15.97% during the next 3 months and, with a 90% probability hold a price between $22.11 and $28.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Signals & Forecast
There are mixed signals in the stock today. The Select Medical Holdings Corporation stock holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term moving average at $32.09. On a fall, the stock will find some support from the short-term average at $28.29. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 12.80%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss
On the downside, the stock finds support just below today's level from accumulated volume at $28.52 and $28.27. There is 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, Select Medical Holdings Corporation finds support just below today's level at $28.52. If this is broken, then the next support from accumulated volume will be at $28.27 and $26.71.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.53 between high and low, or 5.21%. For the last week, the stock has had a daily average volatility of 5.02%.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is Select Medical Holdings Corporation stock A Buy?
Select Medical Holdings Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.850
Predicted Opening Price for Select Medical Holdings Corporation of Wednesday, December 8, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 8, 2021||Current price|
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On Aug 10, 2021 "Credit Suisse Group" gave "$37.00 - $39.00" rating for SEM. The price target was changed from $35.49 to 1.0%.
SEM Insider Trading
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Accumulated Volume Support & Resistance Levels
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