NHLD - National Holdings Corporation

Industry: Investment Brokerage - Regional Sector: Financial Exchange: NASDAQ

NHLD - National Holdings Corporation

Industry: Investment Brokerage - Regional Sector: Financial Exchange: NASDAQ
#1363()/7561

Tue 14'th Aug 2018

PERIOD 2018-05-15 - 2018-08-14
CHANGE 7.62%
PRICE $3.45
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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National Holdings Corporation Stock Analysis

Technical stock analysis for Tue 14'th Aug 2018

Buy candidate since 2018-08-14
Shorts 3.38% ( 2018-07-31 )
Cash n/a
Loans n/a
Beta 0.76
ROA -10.39

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.

Trend

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.

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Signals

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.

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Relative Strength Index (RSI)

RSI14 is 50 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

National Holdings Corporation finds support from accumulated volume at $3.37.

Support: $3.37 Price: $3.45 Resistance: $3.50

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 $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.)

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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Buy Candidate

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