Fri 17'th Aug 2018
General American Investors Inc Stock Analysis
Technical stock analysis for Fri 17'th Aug 2018
|Shorts||0.24% ( 2018-07-31 )|
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 69 and the stock is currently not being overbought or oversold
Support & Resistance
General American Investors Inc finds support from accumulated volume at $35.19.
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.)
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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.Click for Top 5 Buy Candidates
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