GBR stock - New Concept Energy, Inc

Exchange: NYSE

Fri 16'th Nov 2018

PERIOD 2018-08-17 - 2018-11-16
CHANGE 0.00%
PRICE $2.23
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Buy
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New Concept Energy, Inc Stock Analysis

Technical stock analysis for Fri 16'th Nov 2018

Sell candidate since 2018-11-16
Shorts 0.90% ( 2018-10-31 )
Cash n/a
Loans n/a
Beta 1.41
ROA -59.10

No changes to the price of New Concept Energy, Inc in the last trading day. The price has fallen in 5 of the last 10 days , but is still up by 5.19% over the past 2 weeks.

Trend

New Concept Energy, Inc is the lower part of a very wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $1.98 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend you can expect New Concept Energy, Inc with 90% probability to be traded between $2.02 and $3.49 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.

Click here for today's Top 5 Trending Companies

Signals

Some negative signals were issued as well, and these may have some influence on the near short-term development. New Concept Energy, 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 $2.27. On a fall, the stock will find some support from the short-term average at $2.20. 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. A sales signal was issued from a pivot top point on Thursday November 15, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

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Relative Strength Index (RSI)

RSI14 is 60 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 $2.21.

Support: $2.21 Price: $2.23 Resistance: $2.37

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.12 between high and low, or 5.33%. For the last week the stock has had a daily average volatility of 10.37%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

New Concept Energy, Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.

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