Wednesday May 22, 2019 Change -0.88% Price £1 344.00
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will HRI.L stock price go up or down on Thu, 23 May 2019?

Predict

Hertz Global Holdings Inc Forecast and Stock Analysis

Technical HRI.L stock analysis for Wednesday May 22, 2019.

Buy candidate since 2019-05-21 Loss -0.88%
Shorts 1.83% ( 2019-04-15 )
Insider % n/a
Institutional % n/a
Beta 0.15
ROA 2.00%
Price to book GBP 2.08
P/E Ratio n/a
Next Earnings Date n/a


Hertz Global Holdings Inc fell by -0.88% in the last day ( Wednesday, 22nd May 2019 ) from £1 356.00 to £1 344.00 During day the stock fluctuated 1.49% from a day low at £1 344.00 to a day high of £1 364.00. The price has risen in 6 of the last 10 days , but is still down by -1.32% for this period. Volume has increased in the last day by 33 639 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 78 072 shares bought and sold for approximately £104.93 million.

Quick summary:

  • 30 day high of the HRI.L stock price was £1 380.00 and low was £1 304.00.
  • 90 day high was £1 380.00 and low was £1 205.00.
  • 52 week high for the Hertz Global Holdings Inc - £1 380.00 and low - £1 055.00.

Trend

Hertz Global Holdings Inc lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.04% during the next 3 months and, with 90% probability hold a price between £1 434.71 and £1 551.17 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday May 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Hertz Global Holdings Inc 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 £1 353.14. On a fall, the stock will find some support from the long-term average at approximately £1 317.37. 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.

The stock had a Golden Star Signal* on Monday February 04, 2019 in the medium-term chart.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

A sell signal from a double top formation was found on Friday May 17, 2019 and based on theory for this formation the price should fall by -41.04% to £1 320.96 within 7 trading days since signal was issued (Wednesday May 29, 2019).

Relative Strength Index (RSI)

RSI14 is 44 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 £1 265.00 and £1 260.00.

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, Hertz Global Holdings Inc finds support just below today's level at £1 265.00. If this is broken, then the next support from accumulated volume will be at £1 260.00 and £1 250.00.

Support: £1 265.00 Price: £1 344.00 Resistance: £1 350.00

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £20.00 (1.49%) between high and low. For the last week, the stock has had a daily average volatility of 1.21%.

Our recommended stoploss: £1 293.75 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)

1.21 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today HRI.L ranks #764 as BUY CANDIDATE #764 Stronger Buy

Will HRI.L stock price go up or down
on Thu, 23 May 2019?

Predict

Proudly made at

Rise Vilnius
in partnership with
Barclays Bank