Stronger Sell Today DGLD ranks #3769 as SELL CANDIDATE #3769 Weaker Sell

DGLD stock forecast 3X Inverse Gold ETN Velocityshares

DGLD stock forecast

VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

DGLD Forecast and Technical Stock Analysis

Sell 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.

Quick summary:

  • 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.
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Trend

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.

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Signals

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.

A buy signal from a double bottom formation was found on Wednesday July 10, 2019 and based on theory for this formation the price should go up by 2.10% to $37.12 within 4 trading days since signal was issued (Tuesday July 16, 2019).

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.

Support: $34.33 Price: $34.45 Resistance: $34.72

Risk

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

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

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.

Stronger Sell Today DGLD ranks #3769 as SELL CANDIDATE #3769 Weaker Sell

Will DGLD stock price go up or down on Mon, 22 Jul 2019?

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