SEACOR Marine Holdings Inc Forecast and Stock Analysis
Technical SMHI stock analysis for February 15, 2019.
|Shorts||19.13% ( 2019-01-31 )|
SEACOR Marine Holdings Inc gained 2.80% in the last trading day, rising from $13.20 to $13.57 The price has risen in 6 of the last 10 days and is up by 1.95% 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, 12 096 more shares were traded than the day before. In total, 39 835 shares bought and sold for approximately $540 561.00.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the SMHI stock was $13.57. This is 2.8% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 5.82% from a day low at $13.15 to a day high of $13.91.
30 day high of the SMHI stock price was $14.63 and low was $12.49.
90 day high was $19.87 and low was $11.42.
52 week high for the SEACOR Marine Holdings Inc - $26.20 and low - $11.42.
SEACOR Marine Holdings Inc 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 -26.74% during the next 3 months and, with 90% probability hold a price between $6.39 and $10.84 at the end of this period.
Only positive signals in the chart today. SEACOR Marine Holdings Inc 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 $13.20 and $13.13. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 14, 2019, which indicates further gains until a new top pivot has been found. SEACOR Marine Holdings Inc has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $12.05 and $12.04.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, SEACOR Marine Holdings Inc finds support just below today's level at $12.05. If this is broken, then the next support from accumulated volume will be at $12.04 and $12.01.
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 $0.77 between high and low, or 5.82%. For the last week, the stock has had a daily average volatility of 5.03%.
Our recommended stoploss: $12.84 (-5.34%) (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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Evaluation: Buy Candidate
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.