Fri 15'th Jun 2018
General American Investors Inc Stock Analysis
Technical stock analysis for Fri 15'th Jun 2018
General American Investors Inc fell by -0.26% in the last day from $35.25 to $35.16 and has now fallen 3 days in a row. The price has risen in 7 of the last 10 days and is up by 1.85% over the past 2 weeks. 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 -14 091 shares and in total 13 986 shares bought and sold for approximately $0.00.
|Shorts||0.43% ( 2018-05-31 )|
General American Investors Inc lies in the upper part of a narrow and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $35.34 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 4.59% during the next 3 months and, with 90% probability hold a price between $35.63 and $36.97 at the end of this period.
General American Investors Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $35.20. On a fall, the stock will find some support from the long-term average at approximately $34.48. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday June 13, 2018, 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.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 65 and the stock is currently not being overbought or oversold
Support & Resistance
General American Investors Inc finds support from accumulated volume at $33.89.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $33.77 (-3.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)
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General American Investors Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. 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 Hold/Accumulate.
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