Mastech Holdings, Inc Forecast and Stock Analysis
Technical MHH stock analysis for March 20, 2019.
|Shorts||0.60% ( 2019-02-28 )|
No changes to the price of Mastech Holdings, Inc in the last trading day. The price has fallen in 5 of the last 10 days and is down by -3.98% for this period.
Close price at the end of the last trading day (Wednesday, 20th Mar 2019) of the MHH stock was $6.51.
During day the stock fluctuated 1.66% from a day low at $6.48 to a day high of $6.59.
30 day high of the MHH stock price was $7.12 and low was $6.48.
90 day high was $8.37 and low was $5.95.
52 week high for the Mastech Holdings, Inc - $22.00 and low - $5.80.
Mastech Holdings, Inc has broken the 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 $6.51. A reaction back to this level may hold a second chance to get out before further falls.
A buy signal was issued from a pivot bottom point on Tuesday March 19, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Mastech 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 $6.69 and $6.92. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 39 and the stock is currently not being overbought or oversold
Support & Resistance
Mastech Holdings, Inc finds support from accumulated volume at $6.38.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The Mastech Holdings, Inc stock holds several negative signals and despite the positive trend we believe Mastech Holdings, Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.