GGP.L - General Growth Properties Inc

Exchange: XLON

GGP.L - General Growth Properties Inc

Exchange: XLON
#478()/6981

Fri 20'th Jul 2018

PERIOD 2018-04-23 - 2018-07-20
CHANGE -1.03%
PRICE £1.44
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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General Growth Properties Inc Stock Analysis

Technical stock analysis for Fri 20'th Jul 2018

Buy candidate since 2018-06-01 Gain 134.15%
Shorts 2.65% ( 2018-06-29 )
Cash 703.3 mill
Loans 26 413.2 mill
Beta 0.91
ROA 2.62

General Growth Properties Inc fell by -1.03% in the last day from £1.46 to £1.44 The price has fallen in 6 of the last 10 days and is down by -5.88% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -18.85 million shares and in total 23.71 million shares bought and sold for approximately £34.14 million.

Trend

General Growth Properties Inc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 138.71% during the next 3 months and, with 90% probability hold a price between £2.77 and £5.37 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

General Growth Properties 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 £1.44 and £1.24. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 09, 2018, 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 32 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

General Growth Properties Inc finds support from accumulated volume at £1.42.

Support: £1.42 Price: £1.44 Resistance: £1.45

Risk

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 3.17%. For the last week, the stock has had a daily average volatility of 4.98%.

Our recommended stoploss: £1.33 (-7.79%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 9 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Buy Candidate

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