Stronger Sell Today DGLD ranks #2402 as SELL CANDIDATE. Weaker Sell
Today DGLD ranks #2402 as SELL CANDIDATE.

DGLD stock 3X Inverse Gold ETN Velocityshares

DGLD stock
3X Inverse Gold ETN Velocityshares

March 22, 2019
Change -0.74%
Chart period: 2018-12-24 - 2019-03-22
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will DGLD stock price go up or down on Mon, 25 Mar 2019?

3X Inverse Gold ETN Velocityshares Forecast and Stock Analysis

Technical DGLD stock analysis for March 22, 2019.

Sell candidate since 2019-03-22
Shorts n/a
Cash n/a
Loans n/a
Beta 0.60
ROA n/a

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.

Trend

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.

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Signals

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.

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Relative Strength Index (RSI)

RSI14 is 35 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

3X Inverse Gold ETN Velocityshares finds support from accumulated volume at $44.06.

Support: $44.06 Price: $44.09 Resistance: $45.14

Risk

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.

Overall risk:

Very Low Low Medium High Very High

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.

Stronger Sell Today DGLD ranks #2402 as SELL CANDIDATE. Weaker Sell
Today DGLD ranks #2402 as SELL CANDIDATE.