Fri 23'rd Feb 2018
General American Investors Inc Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||0.42% ( 2018-01-31 )|
General American Investors Inc 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 3.04% during the next 3 months and, with 90% probability hold a price between $34.16 and $37.81 at the end of this period.
There are few to none technical positive signals at the moment. General American Investors Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $34.91. On a fall, the stock will find some support from the short-term average at $34.23. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Friday February 16, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
General American Investors Inc finds support from accumulated volume at $33.72. On the upside the stock meets some resistance just above today's level from accumulated volume at $34.89, $35.27 and $35.61.
The stock is about to test the resistance from accumulated volume at $34.89 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $32.92 (-4.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 4 days ago.)
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General American Investors Inc holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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