Hertz Global Holdings Inc Forecast and Stock Analysis
Technical HRI stock analysis for Friday May 24, 2019.
|Shorts||1.83% ( 2019-04-15 )|
|Price to book||USD 1.88|
|Next Earnings Date||2019-08-06|
Hertz Global Holdings Inc fell by -0.54% in the last day ( Friday, 24th May 2019 ) from $37.09 to $36.89 and has now fallen 4 days in a row. During day the stock fluctuated 3.42% from a day low at $36.58 to a day high of $37.83. The price has fallen in 6 of the last 10 days and is down by -11.79% for this period. 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 -157 760 shares and in total 168 578 shares bought and sold for approximately $6.22 million.
- 30 day high of the HRI stock price was $49.50 and low was $36.56.
- 90 day high was $49.50 and low was $36.56.
- 52 week high for the Hertz Global Holdings Inc - $62.56 and low - $24.16.
Hertz Global Holdings Inc has broken the very wide and weak 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 $38.16. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Hertz Global Holdings Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $39.22 and $42.87. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday May 21, 2019, 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)
The stock currently holds a RSI14 at 26 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $1.25 between high and low, or 3.42%. For the last week, the stock has had a daily average volatility of 4.13%.
Hertz Global Holdings Inc is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
4.13 %Average volatility
Very Low Low Medium High Very High
The Hertz Global Holdings Inc stock holds several negative signals and despite the positive trend we believe Hertz Global Holdings Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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|HRI $36.89 ($-0.20 -0.54%)|
HRI is down $0.20 today, but where's it headed in 2019?
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