Friday May 17, 2019 Change 1.63% Price $79.99
Chart period: 2019-02-19 - 2019-05-17
VOLUME
Buy
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will NHC stock price go up or down on Mon, 20 May 2019?

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National HealthCare Corp Forecast and Stock Analysis

Technical NHC stock analysis for Friday May 17, 2019.

Buy candidate since 2019-05-16 Gain 1.63%
Shorts 2.74% ( 2019-04-15 )
Insider % n/a
Institutional % 57.70%
Beta 0.43
ROA 7.29%
Price to book USD 1.63
P/E Ratio 14.68
Next Earnings Date n/a


National HealthCare Corp gained 1.63% in the last trading day ( Friday, 17th May 2019 ), rising from $78.71 to $79.99 During day the stock fluctuated 2.93% from a day low at $77.72 to a day high of $80.00. The price has risen in 6 of the last 10 days and is up by 5.24% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 20 535 more shares were traded than the day before. In total, 40 703 shares bought and sold for approximately $3.26 million.

Quick summary:

  • 30 day high of the NHC stock price was $80.00 and low was $70.89.
  • 90 day high was $86.53 and low was $70.89.
  • 52 week high for the National HealthCare Corp - $86.53 and low - $64.85.

Trend

National HealthCare Corp has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $77.49, a level that may pose a second chance to hit a runner. According to fan-theory $85.26 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

Only positive signals in the chart today. National HealthCare Corp 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 $78.59 and $75.19. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday April 25, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

National HealthCare Corp finds support from accumulated volume at $79.48.

Support: $79.48 Price: $79.99 Resistance: $80.68

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 $2.28 (2.93%) between high and low. For the last week, the stock has had a daily average volatility of 2.33%.

The stock is extremely overbought on RSI14 (76). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $75.94 (-5.06%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from pivot bottom found 16 days ago.)

2.33 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Buy Candidate Upgraded
Weaker Buy Today NHC ranks #858 as BUY CANDIDATE #858 Stronger Buy
NHC $79.99 ($1.28 1.63%)
NHC is up $1.28 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for NHC based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for StockInvest.us readers.

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Will NHC stock price go up or down
on Mon, 20 May 2019?

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