Quorum Health Corp Forecast and Stock Analysis
Technical QHC stock analysis for February 15, 2019.
|Shorts||36.99% ( 2019-01-31 )|
Quorum Health Corp fell by -0.72% in the last day from $2.76 to $2.74 The price has fallen in 6 of the last 10 days and is down by -5.52% for this period. Volume has increased in the last day by 56 342 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, 189 920 shares bought and sold for approximately $520 381.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the QHC stock was $2.74. This is 0.72% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 6.57% from a day low at $2.74 to a day high of $2.92.
30 day high of the QHC stock price was $3.67 and low was $2.57.
90 day high was $4.62 and low was $2.57.
52 week high for the Quorum Health Corp - $10.00 and low - $2.57.
Quorum Health Corp lies in the middle of a very 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 -28.49% during the next 3 months and, with 90% probability hold a price between $1.54 and $2.46 at the end of this period.
There are few to none technical positive signals at the moment. Quorum Health Corp 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 $3.14. On a fall, the stock will find some support from the short-term average at $2.74. 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. A sales signal was issued from a pivot top point on Thursday February 14, 2019, which indicates further falls until a new bottom pivot has been found. Quorum Health Corp gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
Quorum Health Corp finds support from accumulated volume at $2.70.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.18 between high and low, or 6.57%. For the last week, the stock has had a daily average volatility of 5.14%.
Quorum Health Corp is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Quorum Health Corp holds several negative signals and is within a very 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.