Maiden Holdings Ltd. 6.625% Notes due 2046 Forecast and Stock Analysis
Technical MHLA stock analysis for Tuesday May 21, 2019.
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Maiden Holdings Ltd. 6.625% Notes due 2046 gained 1.40% in the last trading day ( Tuesday, 21st May 2019 ), rising from $15.03 to $15.24 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 2.08% from a day low at $14.93 to a day high of $15.24. The price has risen in 6 of the last 10 days , but is still down by -0.59% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 20 more shares were traded than the day before. In total, 5 714 shares bought and sold for approximately $87 081.40.
- 30 day high of the MHLA stock price was $15.56 and low was $14.56.
- 90 day high was $16.65 and low was $13.19.
- 52 week high for the Maiden Holdings Ltd. 6.625% Notes due 2046 - $22.24 and low - $13.19.
Maiden Holdings Ltd. 6.625% Notes due 2046 lies in the middle of a wide and 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 2.46% during the next 3 months and, with 90% probability hold a price between $14.14 and $16.88 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday May 16, 2019, which indicates further gains until a new top pivot has been found. Maiden Holdings Ltd. 6.625% Notes due 2046 has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Maiden Holdings Ltd. 6.625% Notes due 2046 holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $15.43. On a fall, the stock will find some support from the short-term average at $15.13. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
Maiden Holdings Ltd. 6.625% Notes due 2046 finds support from accumulated volume at $15.00.
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 $0.31 (2.08%) between high and low. For the last week, the stock has had a daily average volatility of 2.24%.
Our recommended stoploss: $14.41 (-5.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
2.24 %Average volatility
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Maiden Holdings Ltd. 6.625% Notes due 2046 holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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