Turtle Beach Corporation Stock Analysis
Technical stock analysis for Tue 11'th Dec 2018
Turtle Beach Corporation fell by -1.96% in the last day from $17.83 to $17.48 The price has been going up and down for this period, and there has been a 15.15% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -83 410 shares and in total 645 936 shares bought and sold for approximately $11.29 million.
Turtle Beach Corporation 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 -18.36% during the next 3 months and, with 90% probability hold a price between $10.14 and $16.36 at the end of this period.
Turtle Beach Corporation holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $16.99 and $17.13. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday December 10, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 62 and the stock is currently not being overbought or oversold
Support & Resistance
Turtle Beach Corporation finds support from accumulated volume at $16.73.
This stock may move much during a 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 $0.93 between high and low, or 5.42%. For the last week, the stock has had a daily average volatility of 11.24%.
Our recommended stoploss: $16.52 (-5.47%) (This stock has high daily movements and this gives high risk. There is a sell signal from pivot top found 1 days ago.)
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Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
|HEAR $17.48 $-0.35(-1.96%)|
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