Bullish vs. Bearish (1 opinions)
Social Sentiment 0.84
CEF Forecast and Technical Stock Analysis
Buy candidate since 2019-08-01 Gain 4.64%
Central Fund of Canada Ltd gained 1.12% in the last trading day ( Tuesday, 20th Aug 2019 ), rising from $14.28 to $14.44 During the day the stock fluctuated 0.70% from a day low at $14.35 to a day high of $14.45. The price has risen in 6 of the last 10 days and is up by 2.12% over the past 2 weeks. Volume fell in the last day by -257 369 shares and in total, 375 517 shares bought and sold for approximately $5.42 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.
- 30 day high of the CEF stock price was $14.62 and low was $13.45.
- 90 day high was $14.62 and low was $12.05.
- 52 week high for Central Fund of Canada Ltd - $14.62 and low - $11.37.
Central Fund of Canada Ltd lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.61% during the next 3 months and, with 90% probability hold a price between $16.75 and $17.52 at the end of this period.
Only positive signals in the chart today. Central Fund of Canada Ltd holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $14.45. On a fall, the stock will find some support from the long-term average at approximately $13.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday August 19, 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 it may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 72 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Central Fund of Canada Ltd finds support from accumulated volume at $14.40.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.10 (0.70%) between high and low. For the last week, the stock has had daily average volatility of 0.83%.
Our recommended stop-loss: $13.73 (-4.93%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
0.83 %Average volatility
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!