3X Inverse Gold ETN Velocityshares Forecast and Stock Analysis
Technical DGLD stock analysis for March 22, 2019.
3X Inverse Gold ETN Velocityshares fell by -0.74% in the last day from $44.42 to $44.09 The price has fallen in 7 of the last 10 days and is down by -2.84% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -30 712 shares and in total 24 496 shares bought and sold for approximately $1.08 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the DGLD stock was $44.09. This is 0.74% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 1.16% from a day low at $43.87 to a day high of $44.38.
30 day high of the DGLD stock price was $47.38 and low was $40.77.
90 day high was $48.62 and low was $40.77.
52 week high for the 3X Inverse Gold ETN Velocityshares - $60.61 and low - $37.83.
3X Inverse Gold ETN Velocityshares lies in the middle of a 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 -5.07% during the next 3 months and, with 90% probability hold a price between $38.23 and $44.14 at the end of this period.
There are mixed signals in the stock today. 3X Inverse Gold ETN Velocityshares holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $44.73 and $44.34. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Wednesday March 20, 2019, which indicates further gains until a new top pivot has been found.
Relative Strength Index (RSI)
RSI14 is 35 and the stock is currently not being overbought or oversold
Support & Resistance
3X Inverse Gold ETN Velocityshares finds support from accumulated volume at $44.06.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
3X Inverse Gold ETN Velocityshares holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.