Fri 20'th Jul 2018
General Growth Properties Inc Stock Analysis
Technical stock analysis for Fri 20'th Jul 2018
|Shorts||2.65% ( 2018-06-29 )|
|Loans||26 413.2 mill|
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 32 and the stock is currently not being overbought or oversold
Support & Resistance
General Growth Properties Inc finds support from accumulated volume at £1.42.
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.)
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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.Click for Top 5 Buy Candidates
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