RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HEAR
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Turtle Beach Corporation stock downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 0.29% PDF

No changes to the price of Turtle Beach Corporation stock on the last trading day (Thursday, 28th Mar 2024). During the last trading day the stock fluctuated 2.97% from a day low at $17.01 to a day high of $17.51. The price has risen in 5 of the last 10 days and is up by 23.58% over the past 2 weeks.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $17.90 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 42.79% during the next 3 months and, with a 90% probability hold a price between $16.39 and $25.56 at the end of this 3-month period.

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HEAR Signals & Forecast

The Turtle Beach Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $17.30. On a fall, the stock will find some support from the long-term average at approximately $12.96. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -1.26%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Turtle Beach Corporation stock

Turtle Beach Corporation finds support from accumulated volume at $16.75 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 $0.505 between high and low, or 2.97%. For the last week, the stock has had daily average volatility of 3.64%.

The Turtle Beach Corporation stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $16.63 (-3.54%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 92 and this increases the risk substantially. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (HEAR) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Turtle Beach Corporation to open at $17.25, and during the day (based on 14 day Average True Range), to move between $16.41 and $18.07, which gives a possible trading interval of +/-$0.83 (+/-4.79%) up or down from last closing price. If Turtle Beach Corporation takes out the full calculated possible swing range there will be an estimated 9.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $17.38 (0.81%) than the support at $16.75 (2.84%), 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 Turtle Beach Corporation stock A Buy?

Turtle Beach Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.324 Hold/Accumulate Downgraded

Predicted Opening Price for Turtle Beach Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$17.25 ( 0.0677%) $17.24

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

Trading levels for HEAR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 17.76 3.00 %
R2 17.56 1.88 %
R1 17.44 1.19 %
Current price: 17.24
Support S1 17.06 -1.05 %
S2 16.94 -1.74 %
S3 16.75 -2.86 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 17.46 1.28 %
R2 17.39 0.87 %
R1 17.38 0.81 %
Current price 17.24
Support S1 16.75 -2.84%
S2 15.41 -10.61%
S3 13.95 -19.08%

FAQ

What is the symbol for Turtle Beach Corporation Stock and on which exchange is it traded?
The symbol for Turtle Beach Corporation is HEAR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Turtle Beach Corporation Stock?
Turtle Beach Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Turtle Beach Corporation Stock?
Turtle Beach Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Turtle Beach Corporation Stock.

What's the current price of Turtle Beach Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Turtle Beach Corporation (HEAR) share was $17.24.

What is the 52-week high and low for Turtle Beach Corporation Stock?
The 52-week high for Turtle Beach Corporation Stock is $18.10 and the 52-week low is $7.98.

What is the market capitalization of Turtle Beach Corporation Stock?
As of the 2024-03-28, the market capitalization of Turtle Beach Corporation is 303.517M.

When is the next earnings date for Turtle Beach Corporation?
The upcoming earnings date for Turtle Beach Corporation is May 02, 2024.
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About Turtle Beach Corporation

Turtle Beach Turtle Beach Corporation operates as an audio technology company. It develops, commercializes, and markets gaming headset solutions for various platforms, including video game and entertainment consoles, personal computers, handheld consoles, tablets, and mobile devices under the Turtle Beach brand. The company also offers gaming headsets, keyboards, mice, mousepads, and other accessories for the personal computer peripherals market under the bra... HEAR Profile

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