DGLD Forecast and Technical Stock Analysis
Sell candidate since 2019-12-13 PDF
3X Inverse Gold ETN Velocityshares fell by -1.37% in the last day ( Friday, 13th Dec 2019 ) from $31.33 to $30.90 During the day the stock fluctuated 2.56% from a day low at $30.80 to a day high of $31.59. The price has fallen in 5 of the last 10 days and is down by -2.4% 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 -21 501 shares and in total 27 573 shares bought and sold for approximately $852 006.00.
- 30 day high of the DGLD stock price was $32.50 and low was $30.04.
- 90 day high was $32.79 and low was $27.41.
- 52 week high for 3X Inverse Gold ETN Velocityshares - $52.45 and low - $26.39.
3X Inverse Gold ETN Velocityshares lies in the middle of a wide and weak 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 9.78% during the next 3 months and, with 90% probability hold a price between $32.96 and $36.74 at the end of this period.
There are few to none technical positive signals at the moment. 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 $31.38 and $30.98. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday December 09, 2019, which indicates further falls until a new bottom pivot has been found. 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 43 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
3X Inverse Gold ETN Velocityshares finds support from accumulated volume at $29.87.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
2.21 %Average volatility
Very Low Low Medium High Very High
The 3X Inverse Gold ETN Velocityshares stock holds several negative signals and despite the positive trend we believe 3X Inverse Gold ETN Velocityshares will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since last evaluation from a Strong Buy Candidate to a Sell Candidate candidate.
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!