GAW.L Forecast and Technical Stock Analysis
Sell candidate since 2019-08-13 Loss -4.21%
Games Workshop Group plc fell by -0.14% in the last day ( Friday, 16th Aug 2019 ) from £43.72 to £43.66 and has now fallen 5 days in a row. During the day the stock fluctuated 3.31% from a day low at £42.86 to a day high of £44.28. The price has fallen in 7 of the last 10 days and is down by -6.43% for this period. Volume has increased in the last day by 6 713 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, 62 638 shares bought and sold for approximately £2.73 million.
- 30 day high of the GAW.L stock price was £49.46 and low was £42.86.
- 90 day high was £51.60 and low was £42.86.
- 52 week high for Games Workshop Group plc - £3 610.00 and low - £27.60.
Games Workshop Group plc has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately £44.38 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
There are few to none technical positive signals at the moment. Games Workshop Group plc 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 £45.32 and £47.28. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday August 08, 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)
RSImin/max Values: [ 20 - 85 ]
RSI14 is 36 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved £1.42 (3.31%) between high and low. For the last week, the stock has had daily average volatility of 3.26%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
3.26 %Average volatility
Very Low Low Medium High Very High
Games Workshop Group plc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!