Today GBR ranks # as HOLD CANDIDATE.
Today GBR ranks # as HOLD CANDIDATE.

GBR stock New Concept Energy, Inc

GBR stock
New Concept Energy, Inc

February 15, 2019
Change 1.16%
Chart period: 2018-11-16 - 2019-02-15
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

Will GBR stock price go up or down on Tue, 19 Feb 2019?

New Concept Energy, Inc Forecast and Stock Analysis

Technical GBR stock analysis for February 15, 2019.

Hold candidate since 2019-02-14 Gain 1.16%
Shorts 1.63% ( 2019-01-31 )
Cash n/a
Loans n/a
Beta 2.10
ROA -60.45

New Concept Energy, Inc gained 1.16% in the last trading day, rising from $1.73 to $1.75 The price has risen in 5 of the last 10 days . Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 658 981 more shares were traded than the day before. In total, 745 279 shares bought and sold for approximately $1.30 million.

Close price at the end of the last trading day (Friday, 15th Feb 2019) of the GBR stock was $1.75. This is 1.16% more than the trading day before Thursday, 14th Feb 2019.

During day the stock fluctuated 14.86% from a day low at $1.75 to a day high of $2.01.

30 day high of the GBR stock price was $2.03 and low was $1.61.
90 day high was $2.46 and low was $1.36.
52 week high for the New Concept Energy, Inc - $12.75 and low - $1.23.

Trend

New Concept Energy, Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.76% during the next 3 months and, with 90% probability hold a price between $0.83 and $1.53 at the end of this period.

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Signals

New Concept Energy, 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 $1.74 and $1.73. A break down below any of these levels will issue sell signals. New Concept Energy, 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. A sales signal was issued from a pivot top point on Tuesday February 12, 2019, which indicates further falls until a new bottom pivot has been found.

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A sell signal from a double top formation was found on Wednesday February 06, 2019 and based on theory for this formation the price should fall by -0.09% to $1.71 within 2 trading days since signal was issued (Friday February 08, 2019).

Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

New Concept Energy, Inc finds support from accumulated volume at $1.73.

Support: $1.73 Price: $1.75 Resistance: $1.89

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 $0.26 (14.86%) between high and low. For the last week, the stock has had a daily average volatility of 9.01%.

Our recommended stoploss: $1.68 (-4.28%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

New Concept Energy, 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.

Today GBR ranks # as HOLD CANDIDATE.
Today GBR ranks # as HOLD CANDIDATE.