HEAR - Turtle Beach Corporation

Industry: Communication Equipment Sector: Technology Exchange: NASDAQ

HEAR - Turtle Beach Corporation

Industry: Communication Equipment Sector: Technology Exchange: NASDAQ
#1895()/7561

Tue 14'th Aug 2018

PERIOD 2018-05-15 - 2018-08-14
CHANGE -3.62%
PRICE $26.90
VOLUME
Sell
TREND
Hold

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

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Turtle Beach Corporation Stock Analysis

Technical stock analysis for Tue 14'th Aug 2018

Buy candidate since 2018-06-06 Gain 51.12%
Shorts 2.34% ( 2018-07-31 )
Cash 0.5 mill
Loans 56.9 mill
Beta 0.73
ROA 34.98

Turtle Beach Corporation fell by -3.62% in the last day from $27.91 to $26.90 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a -1.07% loss 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 -1.14 million shares and in total 1.74 million shares bought and sold for approximately $46.81 million.

Trend

Turtle Beach Corporation has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $27.31. A reaction back to this level may hold a second chance to get out before further falls.

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Signals

Turtle Beach Corporation holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $29.25. On a fall, the stock will find some support from the long-term average at approximately $25.69. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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 Friday August 03, 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.

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Relative Strength Index (RSI)

RSI14 is 53 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Turtle Beach Corporation finds support from accumulated volume at $26.54.

Support: $26.54 Price: $26.90 Resistance: $30.35

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 $2.21 between high and low, or 8.41%. For the last week, the stock has had a daily average volatility of 8.51%.

Our recommended stoploss: $25.08 (-6.78%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 7 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and 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.

Buy Candidate

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HEAR $26.90 $-1.01(-3.62%)
HEAR is down $1.01 today, but where's it headed in September?
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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