HTZZ Stock Price: Provides Car Rental and Leasing Services from Corporate and Commercial Organizations through its Subsidiaries
HTZZ stock price today is 21.75 USD with a volume of 1,560,656. At the same time, its chart fluctuates between 19.78 USD – 23.75 USD. HTZZ stock price was a maximum of 35.00 USD and a minimum of 16.00 USD within 52 weeks. Its average volume is 2,171,150 and it is ranked 1.453B in the MarketCap listings. The target point of HTZZ stock price at the end of 1 year is not clear yet.
HTZZ stock price fell 9.22% from $23.96 to $21.75 on the last day. The stock has been falling for 3 days in a row. During the day, the stock fluctuated 20.07% from $19.78 to a one-day high of $23.75. The price has fallen in 2 of the last 10 days, down a total of 19.41% for this period.
Volume fell on the last day, following price performance. This is a good technical analysis result. The combination of volume and price reduces risk and is not an early warning. Volume should follow the price for a good signal. On the last day, the trading volume decreased by 433 thousand shares. In total, 2 million shares were traded for approximately $34.15 million.
The stock was in a narrow and sideways trend. However, it broke up. Breakouts like this usually bring with them fast and strong moves and any corrections to roughly the breakout line. $0 is the second chance for traders to take advantage of.
It is important that the volume follows the price as false breakouts can occur and revert to the sideways trend. We arrive at the rectangle formation theory for this stock. Therefore, we predict the stock will reach $0 in the next 3 months.
Hertz Global Holdings, Inc.
Hertz Global Holdings Inc. provides airport and off-airport car rental and leasing services. The company focuses on 3 divisions. These 3 divisions are US RAC, International RAC, and All Other Operations.
The company has agreements with approximately 12,000 different corporate and franchise locations in North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East, and North America for car rental services under the Hertz, Dollar, Thrifty, Firefly, and Flexicar brands. They rent vehicles for several time periods such as hourly, daily, weekly. In addition, the company offers vehicle and rental financing.
Hertz Global Holdings provides services to corporate and entertainment customers. They founded Hertz Global Holdings, headquartered in Estero, Florida, in 1918.
Summary of HTZZ Stock
When we look at the HTZZ stock price today, we see mixed signals. On November 30, we received a sell signal from a pivot high. It could see further declines until a new bottom pivot. Volume fell with it, matching the price performance. This is a good technical analysis result.
We do not see support from the accumulated volume below the current level for this stock. If it goes this way, HTZZ stock price could perform poorly in the coming days.
In general, the stock does not experience much volatility. The risk is very low in this stock as it has low volatility and good liquidity. Over the last day, the stock has moved between the maximum and minimum at $3.97 and 20.07%. Last week, this rate was 33.13%. The stop-loss that analysts recommend for this stock is $1.09.
Should You Buy HTZZ Stock?
We have positive signals for the HTZZ stock price. However, despite the positive signals we have, our rating for this stock is not BUY. We can expect the stock to decline by further observing its current level. At this point, we need to follow the stock closely. So our rating for this stock is WAIT.
It is very important to make the right move at the right time for each stock. If you want to make a profit, you have to learn all the details and be patient.