GNC.L Forecast and Technical Stock Analysis
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.
- 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.
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.
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.
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.
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
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!