Global Sources Ltd. Fund Forecast
Weaker technical forecast for Global Sources Ltd. as fund downgraded to Hold/Accumulate.
(Updated on Sep 08, 2017)
No changes to the price of Global Sources Ltd. fund on the last trading day (Friday, 8th Sep 2017). During the last trading day the fund fluctuated 1.27% from a day low at $19.75 to a day high of $20.00. The price has been going up and down for this period, and there has been a 0.76% gain for the last 2 weeks.
The fund lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $20.19 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the fund is expected to fall -2.02% during the next 3 months and, with a 90% probability hold a price between $18.59 and $19.78 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GSOL Signals & Forecast
The Global Sources Ltd. fund 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 $20.00 and $19.71. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, September 07, 2017, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The fund had a Golden Star Signal on Friday, January 20, 2017 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the fund in question.
Support, Risk & Stop-loss for Global Sources Ltd. fund
Global Sources Ltd. finds support from accumulated volume at $19.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.250 between high and low, or 1.27%. For the last week the fund has had daily average volatility of 1.27%.
Our recommended stop-loss: $19.26 (-3.68%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (GSOL) For The Upcoming Trading Day Of Monday 11th
For the upcoming trading day on Monday, 11th we expect Global Sources Ltd. to open at $19.92, and during the day (based on 14 day Average True Range), to move between $19.78 and $20.22, which gives a possible trading interval of +/-$0.223 (+/-1.12%) up or down from last closing price. If Global Sources Ltd. takes out the full calculated possible swing range there will be an estimated 2.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $20.05 (0.25%) than the support at $19.80 (1.00%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Global Sources Ltd. fund A Buy?
Global Sources Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.910 Hold/Accumulate Downgraded
Predicted Opening Price for Global Sources Ltd. of Monday, September 11, 2017
Fair opening price September 11, 2017 | Current price |
---|---|
$19.92 ( 0.417%) | $20.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GSOL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.17 | 0.83 % | |
R2 | 20.07 | 0.356 % | ||
R1 | 20.01 | 0.0608 % | ||
Current price: | 20.00 | |||
Support | S1 | 19.82 | -0.89 % | |
S2 | 19.76 | -1.19 % | ||
S3 | 19.67 | -1.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 20.35 | 1.75 % | |
R2 | 20.15 | 0.750 % | ||
R1 | 20.05 | 0.250 % | ||
Current price | 20.00 | |||
Support | S1 | 19.80 | -1.00% | |
S2 | 19.75 | -1.25% | ||
S3 | 19.60 | -2.00% |
FAQ
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