Wilhelmina International, Inc Forecast and Stock Analysis
Technical WHLM stock analysis for March 18, 2019.
Wilhelmina International, Inc fell by -5.98% in the last day from $5.69 to $5.35 The price has been going up and down for this period, and there has been a -8.55% loss for the last 2 weeks. Volume has increased in the last day by 1 560 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, 1 561 shares bought and sold for approximately $8 351.35.
Close price at the end of the last trading day (Monday, 18th Mar 2019) of the WHLM stock was $5.35. This is 5.98% less than the trading day before Friday, 15th Mar 2019.
During day the stock fluctuated 6.36% from a day low at $5.35 to a day high of $5.69.
30 day high of the WHLM stock price was $6.00 and low was $5.08.
90 day high was $6.20 and low was $5.03.
52 week high for the Wilhelmina International, Inc - $7.54 and low - $4.90.
Wilhelmina International, Inc has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $5.36 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
There are few to none technical positive signals at the moment. Wilhelmina International, Inc 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 $5.64 and $5.82. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday March 15, 2019, which indicates further falls until a new bottom pivot has been found. Wilhelmina International, Inc 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". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.34 (6.36%) between high and low. For the last week, the stock has had a daily average volatility of 2.16%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Strong Sell Candidate
Wilhelmina International, Inc holds several negative signals and is within a 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 Sell Candidate to a Strong Sell Candidate.