MHLA stock forecast Maiden Holdings Ltd. 6.625% Notes due 2046

MHLA stock forecast

Thursday October 17, 2019 Change -1.37% Price $17.98
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VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

MHLA Forecast and Technical Stock Analysis


Buy candidate since 2019-10-16 Loss -1.37% PDF

Maiden Holdings Ltd. 6.625% Notes due 2046 fell by -1.37% in the last day ( Thursday, 17th Oct 2019 ) from $18.23 to $17.98 During the day the stock fluctuated 1.41% from a day low at $17.75 to a day high of $18.00. The price has fallen in 5 of the last 10 days , but is still up by 2.04% over the past 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 -1 385 shares and in total 4 543 shares bought and sold for approximately $81 683.10.

Quick summary:

  • 30 day high of the MHLA stock price was $18.55 and low was $17.03.
  • 90 day high was $18.55 and low was $16.15.
  • 52 week high for Maiden Holdings Ltd. 6.625% Notes due 2046 - $19.15 and low - $13.19.
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Trend

Maiden Holdings Ltd. 6.625% Notes due 2046 lies in the middle of a weak 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 8.35% during the next 3 months and, with 90% probability hold a price between $18.91 and $20.70 at the end of this period.

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Signals

Maiden Holdings Ltd. 6.625% Notes due 2046 holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $17.94 and $17.91. A break down below any of these levels will issue sell signals. 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 Wednesday October 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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A buy signal from a double bottom formation was found on Thursday October 10, 2019 and based on theory for this formation the price should go up by 0.90% to $18.40 within 6 trading days since signal was issued (Friday October 18, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

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

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Maiden Holdings Ltd. 6.625% Notes due 2046 finds support from accumulated volume at $17.30.

Support: $17.30 Price: $17.98 Resistance: $17.99

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stop-loss: $17.15 (-4.63%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 day(s) ago.)

2.20 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Downgraded

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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

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