RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MHH
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Mastech Holdings, Inc stock upgraded to Strong Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 20, 2024 Gain 1.95% PDF

The Mastech Holdings, Inc stock price gained 1.71% on the last trading day (Wednesday, 27th Mar 2024), rising from $8.75 to $8.90. During the last trading day the stock fluctuated 1.71% from a day low at $8.75 to a day high of $8.90. The price has risen in 6 of the last 10 days and is up by 2.3% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately $38.51 thousand.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.95% during the next 3 months and, with a 90% probability hold a price between $9.08 and $9.75 at the end of this 3-month period.

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MHH Signals & Forecast

The Mastech Holdings, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $8.78 and $8.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, January 11, 2024, and so far it has risen 9.47%. Further rise is indicated until a new top pivot has been found. Mastech Holdings, Inc has increased 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Mastech Holdings, Inc stock

Mastech Holdings, Inc finds support from accumulated volume at $8.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.150 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 1.57%.

Our recommended stop-loss: $8.55 (-3.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 52 days ago.)

Trading Expectations (MHH) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Mastech Holdings, Inc to open at $8.85, and during the day (based on 14 day Average True Range), to move between $8.74 and $9.06, which gives a possible trading interval of +/-$0.164 (+/-1.85%) up or down from last closing price. If Mastech Holdings, Inc takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $8.56, some $0.340 (3.82%) from the current price of $8.90, our system finds the risk reward attractive.

Is Mastech Holdings, Inc stock A Buy?

Mastech Holdings, Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.485 Strong Buy Candidate Upgraded

Predicted Opening Price for Mastech Holdings, Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$8.85 ( 0.562%) $8.90

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for MHH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9.00 1.12 %
R2 8.94 0.480 %
R1 8.91 0.0820 %
Current price: 8.90
Support S1 8.79 -1.21 %
S2 8.76 -1.60 %
S3 8.70 -2.25 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 8.90
Support S1 8.56 -3.82%
S2 8.51 -4.38%
S3 8.40 -5.62%

MHH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Oct 30, 2013 Dec 05, 2013 Dec 20, 2013 $0.250 3.13%
2 Nov 29, 2012 Dec 24, 2012 Dec 21, 2012 $0.80 25.48%

FAQ

What is the symbol for Mastech Holdings, Inc Stock and on which exchange is it traded?
The symbol for Mastech Holdings, Inc is MHH and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Mastech Holdings, Inc Stock?
Mastech Holdings, Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Mastech Holdings, Inc Stock?
Mastech Holdings, Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Mastech Holdings, Inc Stock.

What's the current price of Mastech Holdings, Inc Stock?
As of the end of day on the 2024-03-27, the price of an Mastech Holdings, Inc (MHH) share was $8.90.

What is the 52-week high and low for Mastech Holdings, Inc Stock?
The 52-week high for Mastech Holdings, Inc Stock is $12.38 and the 52-week low is $7.50.

What is the market capitalization of Mastech Holdings, Inc Stock?
As of the 2024-03-27, the market capitalization of Mastech Holdings, Inc is 101.492M.

When is the next earnings date for Mastech Holdings, Inc?
The upcoming earnings date for Mastech Holdings, Inc is May 01, 2024.
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About Mastech Holdings, Inc

Mastech Holdings Mastech Digital, Inc., together with its subsidiaries, provides digital transformation IT services to large, medium-sized, and small companies in the United States. It operates through two segments, Data and Analytics Services, and IT Staffing Services. The company offers data management and analytics services, including project-based consulting services in the areas of master data management, enterprise data integration, big data and analytics, ... MHH Profile

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