Stockradar had a $3.70 trailing stop loss in place for NHC. Once price falls below that, they get out the following Monday. This is a weekly trading system with buys and sells only once a week on Monday morning market open.
They have no downside target for NHC. They won't buy again until price rises above $3.70.
Much technical damage has been inflicted to the share. This was a classic volatility wipe where weeks of gains evaporated.
I don't pay much attention to Morningstar fundamental analysis, but is noteworthy how they quickly revise price targets after large sudden falls.
Morningstar Stock Screener Analysis:
An unfavourable environment weighs on NEW HOPE CORP.LTD., which sees a downgrade to Slightly Negative. The independent financial analyst the Screener just re-qualified the general evaluation of NEW HOPE CORP.LTD. (AU), active in the Coal industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. The Screener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date March 22, 2019, the closing price was AUD $3.25 and its target price was estimated at AUD $3.09.
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Last
$4.73 |
Change
0.050(1.07%) |
Mkt cap ! $3.998B |
Open | High | Low | Value | Volume |
$4.71 | $4.74 | $4.69 | $10.05M | 2.131M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 17370 | $4.73 |
Sellers (Offers)
Price($) | Vol. | No. |
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$4.74 | 72980 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4452 | 4.730 |
1 | 2100 | 4.720 |
3 | 4316 | 4.710 |
5 | 6060 | 4.700 |
4 | 6323 | 4.690 |
Price($) | Vol. | No. |
---|---|---|
4.740 | 58241 | 4 |
4.750 | 166040 | 19 |
4.760 | 25699 | 3 |
4.770 | 4487 | 2 |
4.780 | 2187 | 1 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$4.74 |
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Change
0.050 ( 0.88 %) |
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Open | High | Low | Volume | ||
$4.71 | $4.74 | $4.69 | 798507 | ||
Last updated 15.59pm 03/05/2024 ? |
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