General American Investors Inc Forecast and Stock Analysis
Technical GAM stock analysis for Thursday May 23, 2019.
|Shorts||0.04% ( 2019-04-15 )|
|Price to book||USD 0.99|
|Next Earnings Date||n/a|
General American Investors Inc fell by -1.28% in the last day ( Thursday, 23rd May 2019 ) from $34.38 to $33.94 and has now fallen 3 days in a row. During day the stock fluctuated 0.68% from a day low at $33.89 to a day high of $34.12. The price has been going up and down for this period, and there has been a -2.05% loss for the last 2 weeks. Volume has increased in the last day by 29 475 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 61 206 shares bought and sold for approximately $2.08 million.
- 30 day high of the GAM stock price was $35.44 and low was $33.89.
- 90 day high was $35.44 and low was $31.89.
- 52 week high for the General American Investors Inc - $37.33 and low - $27.00.
General American Investors Inc has broken the narrow and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $34.24. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. General American Investors Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $34.46 and $34.55. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday May 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 33 and the stock is currently not being overbought or oversold
Support & Resistance
General American Investors Inc finds support from accumulated volume at $33.60.
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 $0.23 (0.68%) between high and low. For the last week, the stock has had a daily average volatility of 0.61%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
0.61 %Average volatility
Very Low Low Medium High Very High
The General American Investors Inc stock holds several negative signals and despite the positive trend we believe General American Investors Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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