GNC Holdings Inc Forecast and Stock Analysis
Technical GNC.L stock analysis for February 15, 2019.
|Shorts||15.64% ( 2019-01-31 )|
GNC Holdings Inc gained 0.10% in the last trading day, rising from £194.00 to £194.20 The price has risen in 5 of the last 10 days and is up by 4.92% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.08 million more shares were traded than the day before. In total, 3.27 million shares bought and sold for approximately £634.88 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the GNC.L stock was £194.20. This is 0.1% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.35% from a day low at £192.40 to a day high of £195.00.
30 day high of the GNC.L stock price was £209.60 and low was £183.35.
90 day high was £209.60 and low was £160.90.
52 week high for the GNC Holdings Inc - £225.10 and low - £120.00.
GNC Holdings Inc lies in the middle of a wide and weak 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 6.95% during the next 3 months and, with 90% probability hold a price between £183.55 and £221.99 at the end of this period.
GNC Holdings Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately £194.22. On a fall, the stock will find some support from the long-term average at approximately £190.67. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday February 11, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
GNC Holdings Inc finds support from accumulated volume at £193.00.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved £2.60 (1.35%) between high and low. For the last week, the stock has had a daily average volatility of 1.40%.
Our recommended stoploss: £185.71 (-4.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 4 days ago.)
Very Low Low Medium High Very High
Evaluation: Buy Candidate
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.