DGLD Forecast and Technical Stock AnalysisSell candidate since 2019-06-17 Loss -17.62%
3X Inverse Gold ETN Velocityshares gained 4.71% in the last trading day ( Friday, 19th Jul 2019 ), rising from $32.90 to $34.45 During day the stock fluctuated 4.60% from a day low at $33.27 to a day high of $34.80. The price has been going up and down for this period, and there has been a -4.94% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 11 121 more shares were traded than the day before. In total, 175 287 shares bought and sold for approximately $6.04 million.
- 30 day high of the DGLD stock price was $41.55 and low was $32.79.
- 90 day high was $49.37 and low was $32.79.
- 52 week high for the 3X Inverse Gold ETN Velocityshares - $60.61 and low - $32.79.
3X Inverse Gold ETN Velocityshares lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.31% during the next 3 months and, with 90% probability hold a price between $20.62 and $25.84 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday July 18, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 3X Inverse Gold ETN Velocityshares holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $34.84 and $38.28. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 47 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 behavior.
Support & Resistance
3X Inverse Gold ETN Velocityshares finds support from accumulated volume at $34.33.
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 $1.53 (4.60%) between high and low. For the last week, the stock has had a daily average volatility of 3.88%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
3.88 %Average volatility
Very Low Low Medium High Very High
3X Inverse Gold ETN Velocityshares holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
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