Tue 14'th Aug 2018
National Holdings Corporation Stock Analysis
Technical stock analysis for Tue 14'th Aug 2018
|Shorts||3.38% ( 2018-07-31 )|
National Holdings Corporation gained 7.62% in the last trading day, rising from $3.21 to $3.45 The price has risen in 6 of the last 10 days and is up by 4.86% 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, 13 201 more shares were traded than the day before. In total, 17 236 shares bought and sold for approximately $59 464.20.
National Holdings Corporation 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 $3.36, a level that may pose a second chance to hit a runner. According to fan-theory $3.77 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Only positive signals in the chart today. National Holdings Corporation 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 $3.32 and $3.25. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday August 13, 2018, which indicates further gains until a new top pivot has been found. National Holdings Corporation 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.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
National Holdings Corporation finds support from accumulated volume at $3.37.
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 $0.20 (6.03%) between high and low. For the last week, the stock has had a daily average volatility of 3.87%.
Our recommended stoploss: $3.30 (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.Click for Top 5 Buy Candidates
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