General Growth Properties Inc Forecast and Stock Analysis
Technical GGP.L stock analysis for February 18, 2019.
|Shorts||1.32% ( 2018-08-15 )|
|Loans||13 705.5 mill|
General Growth Properties Inc fell by -1.42% in the last day from £1.76 to £1.74 The price has fallen in 6 of the last 10 days and is down by -28.6% for this period. Volume has increased in the last day by 8.28 million 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, 31.93 million shares bought and sold for approximately £55.40 million.
Close price at the end of the last trading day (Monday, 18th Feb 2019) of the GGP.L stock was £1.74. This is 1.42% less than the trading day before Friday, 15th Feb 2019.
During day the stock fluctuated 3.20% from a day low at £1.72 to a day high of £1.78.
30 day high of the GGP.L stock price was £2.50 and low was £1.71.
90 day high was £2.50 and low was £1.39.
52 week high for the General Growth Properties Inc - £2.50 and low - £0.53.
General Growth Properties Inc has broken the very wide and strong 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 £1.74. A reaction back to this level may hold a second chance to get out before further falls.
A buy signal was issued from a pivot bottom point on Tuesday February 12, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. General Growth Properties 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 £1.76 and £2.05. A break-up above any of these levels will issue buy signals. 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 31 and the stock is currently not being overbought or oversold
Support & Resistance
General Growth Properties Inc finds support from accumulated volume at £1.73.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £0.05 between high and low, or 3.20%. For the last week, the stock has had a daily average volatility of 3.27%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
The General Growth Properties Inc stock holds several negative signals and despite the positive trend we believe General Growth Properties Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.