QHC Forecast and Technical Stock Analysis
Sell candidate since 2019-07-22
Quorum Health Corp fell by -5.26% in the last day ( Monday, 22nd Jul 2019 ) from $1.52 to $1.44 During the day the stock fluctuated 9.47% from a day low at $1.43 to a day high of $1.56. The price has fallen in 4 of the last 10 days and is down by -2.04% for this period. Volume has increased in the last day by 103 535 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, 217 680 shares bought and sold for approximately $313 459.00.
- 30 day high of the QHC stock price was $1.56 and low was $1.27.
- 90 day high was $2.49 and low was $1.14.
- 52 week high for Quorum Health Corp - $6.25 and low - $0.95.
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 -28.41% during the next 3 months and, with 90% probability hold a price between $0.75 and $1.29 at the end of this period.
There are few to none technical positive signals at the moment. Quorum Health 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 $1.48 and $1.52. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday July 19, 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)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 61 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Quorum Health Corp finds support from accumulated volume at $1.43.
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 $0.14 between high and low, or 9.47%. For the last week, the stock has had a daily average volatility of 5.90%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
5.90 %Average volatility
Very Low Low Medium High Very High
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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Sell Candidate.
|QHC $1.44 ($-0.08 -5.26%)|
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