Previous Hold Today GNC.L ranks #1985 as HOLD CANDIDATE #1985 Next Hold

GNC.L stock forecast GNC Holdings Inc

GNC.L stock forecast

VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

GNC.L Forecast and Technical Stock Analysis

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Hold candidate since 2019-08-16 Gain 0.49%

GNC Holdings Inc gained 0.49% in the last trading day ( Monday, 19th Aug 2019 ), rising from £2.04 to £2.05 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 1.48% from a day low at £2.03 to a day high of £2.06. The price has fallen in 6 of the last 10 days and is down by -1.44% for this period. Volume fell in the last day by -325 997 shares and in total, 538 953 shares bought and sold for approximately £1.10 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the GNC.L stock price was £2.30 and low was £2.00.
  • 90 day high was £2.30 and low was £1.98.
  • 52 week high for GNC Holdings Inc - £198.00 and low - £1.61.
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Trend

GNC Holdings Inc is at the lower part of a 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 £2.01 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend, you can expect GNC Holdings Inc with a 90% probability to be traded between £2.02 and £2.28 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.

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Signals

A buy signal was issued from a pivot bottom point on Thursday August 15, 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. GNC Holdings Inc holds a buy signal 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 £2.17. On a fall, the stock will find some support from the short-term average at £2.04. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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A buy signal from a double bottom formation was found on Thursday August 15, 2019 and based on theory for this formation the price should go up by 0.47% to £2.48 within 56 trading days since signal was issued (Monday November 04, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 20 - 80 ]

RSI14 is 31 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

GNC Holdings Inc finds support from accumulated volume at £2.04.

Support: £2.04 Price: £2.05 Resistance: £2.07

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 £0.03 between high and low, or 1.48%. For the last week the stock has had a daily average volatility of 1.88%.

Our recommended stop-loss: £1.93 (-5.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

1.88 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

GNC Holdings 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 further development.

Previous Hold Today GNC.L ranks #1985 as HOLD CANDIDATE #1985 Next Hold

Will GNC.L stock price go up or down on Wed, 21 Aug 2019?

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