National HealthCare Corp Stock Analysis
Technical stock analysis for 22 January 2019
|Shorts||3.14% ( 2018-12-31 )|
National HealthCare Corp fell by -0.72% in the last day from $75.29 to $74.75 and has now fallen 3 days in a row. The price has fallen in 7 of the last 10 days and is down by -4.13% for this period. Volume has increased in the last day by 6 431 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, 53 328 shares bought and sold for approximately $3.99 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the NHC stock was $74.75. This is 0.72% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 2.55% from a day low at $73.50 to a day high of $75.38.
30 day high of the NHC stock price was $78.92 and low was $73.20.
90 day high was $84.90 and low was $73.20.
52 week high for the National HealthCare Corp - $84.90 and low - $57.00.
National HealthCare Corp lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.91% during the next 3 months and, with 90% probability hold a price between $67.97 and $78.43 at the end of this period.
There are few to none technical positive signals at the moment. National HealthCare Corp 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 $75.91 and $78.21. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday January 15, 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.
Relative Strength Index (RSI)
RSI14 is 32 and the stock is currently not being overbought or oversold
Support & Resistance
National HealthCare Corp finds support from accumulated volume at $74.49.
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 $1.88 (2.55%) between high and low. For the last week, the stock has had a daily average volatility of 2.98%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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National HealthCare Corp holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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.
|NHC $74.75 $-0.54(-0.72%)|
NHC is down $0.54 today, but where's it headed in 2019?
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