GAM - General American Investors Inc

Industry: Closed-End Fund - Equity Sector: Financial Exchange: NYSE

GAM - General American Investors Inc

Industry: Closed-End Fund - Equity Sector: Financial Exchange: NYSE
#1594()/7561

Fri 17'th Aug 2018

PERIOD 2018-05-18 - 2018-08-17
CHANGE 0.06%
PRICE $36.08
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

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General American Investors Inc Stock Analysis

Technical stock analysis for Fri 17'th Aug 2018

Buy candidate since 2018-08-16 Gain 0.06%
Shorts 0.24% ( 2018-07-31 )
Cash n/a
Loans n/a
Beta 1.21
ROA 14.03

General American Investors Inc gained 0.06% in the last trading day, rising from $36.06 to $36.08 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 6 of the last 10 days and is up by 0.85% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 72 940 more shares were traded than the day before. In total, 96 484 shares bought and sold for approximately $3.48 million.

Trend

General American Investors Inc lies in the middle of a narrow 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 4.54% during the next 3 months and, with 90% probability hold a price between $36.70 and $38.10 at the end of this period.

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Signals

General American Investors Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $36.07 and $35.45. A break down below any of these levels will issue sell signals. 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. A sales signal was issued from a pivot top point on Thursday August 09, 2018, which indicates further falls until a new bottom pivot has been found.

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Relative Strength Index (RSI)

RSI14 is 69 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

General American Investors Inc finds support from accumulated volume at $35.19.

Support: $35.19 Price: $36.08 Resistance: $36.15

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 $0.13 (0.35%) between high and low. For the last week, the stock has had a daily average volatility of 0.70%.

Our recommended stoploss: $34.71 (-3.79%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 6 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Buy Candidate

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