Fri 19'th Oct 2018
General American Investors Inc Stock Analysis
Technical stock analysis for Fri 19'th Oct 2018
|Shorts||0.61% ( 2018-09-28 )|
General American Investors Inc gained 0.17% in the last trading day, rising from $34.88 to $34.94 The price has fallen in 7 of the last 10 days and is down by -3.67% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 15 444 more shares were traded than the day before. In total, 29 002 shares bought and sold for approximately $1.01 million.
Given the current horizontal trend you can expect General American Investors Inc with 90% probability to be traded between $34.31 and $37.41 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Thursday October 18, 2018, which indicates further gains until a new top pivot has been found. General American Investors Inc has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $36.29. On a fall, the stock will find some support from the short-term average at $34.87. 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.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
General American Investors Inc finds support from accumulated volume at $34.75.
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 $0.20 (0.57%) between high and low. For the last week, the stock has had a daily average volatility of 1.28%.
General American Investors Inc is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: $32.60 (-6.68%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 29 which reduces the risk some. There is a buy signal from pivot bottom found 1 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. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.Click for Top 5 Hold/Accumulates
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