AngloGold Ashanti Limited Stock Analysis
Technical stock analysis for 23 January 2019
|Shorts||3.21% ( 2018-12-31 )|
AngloGold Ashanti Limited gained 1.96% in the last trading day, rising from $12.26 to $12.50 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days , but is still down by -0.87% for this period. Volume fell in the last day by -1.67 million shares, and in total, 1.73 million shares bought and sold for approximately $21.61 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the AU stock was $12.50. This is 1.96% more than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 2.82% from a day low at $12.22 to a day high of $12.56.
30 day high of the AU stock price was $13.27 and low was $11.95.
90 day high was $13.27 and low was $9.17.
52 week high for the AngloGold Ashanti Limited - $13.27 and low - $7.07.
AngloGold Ashanti Limited lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $12.15 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 38.89% during the next 3 months and, with 90% probability hold a price between $16.88 and $19.53 at the end of this period.
Only positive signals in the chart today. AngloGold Ashanti Limited holds buy signals from both short- and long-term moving averages. In addition, 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 $12.37 and $12.08. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday January 18, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
AngloGold Ashanti Limited finds support from accumulated volume at $12.24.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.35 (2.82%) between high and low. For the last week, the stock has had a daily average volatility of 2.94%.
Our recommended stoploss: $11.94 (-4.52%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
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Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
|AU $12.50 $0.24(1.96%)|
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