Is slqt stock a good stock to hold or sell


Aime
SelectQuote (SLQT) does not appear to be a strong buy at this time, and here's why:
- Technical Indicators Show Weakness: The stock's RSI of 46.87 indicates it is neither overbought nor oversold, but the MACD of -0.21 suggests bearish momentum. The KDJ value of 29.91 also points to a potential oversold condition, which could indicate a lack of buying momentum1.
SLQT Trend
- Recent Performance and Analyst Sentiment: The stock has experienced a recent gain of 5.43%, but it has also shown volatility with a high trading volume. The sentiment is neutral with 19 technical analysis indicators signaling bullish signals and 7 signaling bearish signals2. Additionally, the average one-year price target for SelectQuote is $4.59, which is significantly higher than the current price, suggesting analysts believe the stock is undervalued3.
- Support and Resistance Levels: The current support level is at $3.1, and the resistance level is at $3.18. The stock is trading close to these levels, which could indicate limited upward movement unless the resistance level is broken4.
- Fibonacci Retracement: The 0.382 Fibonacci Retracement is at $1.5, and the 0.618 Fibonacci Retracement is at $2.05. These levels can be used as potential targets for stock movements, but they do not provide a clear indication of whether to hold or sell at this time56.
- Market Sentiment and Predictions: The forecast for SLQT stock is neutral, with predictions for slight gains in the short term but significant declines in the long term. This suggests that while there may be some short-term trading opportunities, the overall trend is negative27.
Given these points, it is advisable to consider selling SLQT stock if you are looking for a short-term gain, especially if you are risk-averse. However, if you are interested in long-term investment, the current price may present a buying opportunity, especially if you believe in the company's future prospects. It's important to align your decision with your investment strategy, risk tolerance, and the time horizon for your investment goals.
Source:
1.
SLQT RSI, MACD, KDJ
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