HEAR - Turtle Beach Corporation

Industry: Communication Equipment Sector: Technology Exchange: NASDAQ

HEAR - Turtle Beach Corporation

Industry: Communication Equipment Sector: Technology Exchange: NASDAQ
#556()/7535

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
USER PREDICTION
$26.50
CHANGE 7.97%
PRICE $22.50
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Turtle Beach Corporation Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Buy candidate since 2018-10-16 Gain 7.97%
Shorts 3.85% ( 2018-09-28 )
Cash 0.5 mill
Loans 56.9 mill
Beta 0.52
ROA 34.70

Turtle Beach Corporation gained 7.97% in the last trading day, rising from $20.84 to $22.50 , 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. The price has been going up and down for this period, and there has been a 21.56% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.61 million more shares were traded than the day before. In total, 2.49 million shares bought and sold for approximately $56.00 million.

Trend

Turtle Beach Corporation has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $22.50, a level that may pose a second chance to hit a runner. According to fan-theory $31.22 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. 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 $19.46 and $20.49. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday October 15, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 60 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $20.61 and $19.23.

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, Turtle Beach Corporation finds support just below today's level at $20.61. If this is broken, then the next support from accumulated volume will be at $19.23 and $18.01.

Support: $20.61 Price: $22.50 Resistance: $24.22

Risk

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 $2.48 between high and low, or 12.39%. For the last week, the stock has had a daily average volatility of 13.31%.

Our recommended stoploss: $21.48 (-4.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Buy Candidate

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HEAR $22.50 $1.66(7.97%)
HEAR is up $1.66 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for HEAR based on the 1-3 month system that more than doubles the S&P 500.

Click here – the HEAR analysis is free »

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