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Fri 20'th Apr 2018

PERIOD 2018-01-22 - 2018-04-20
CHANGE 8.16%
PRICE $3.18
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Gopher Protocol Stock Analysis

Technical stock analysis for Fri 20'th Apr 2018

Buy candidate since 2018-03-08 Gain 88.17%

Gopher Protocol gained 8.16% in the last trading day, rising from $2.94 to $3.18 , and has now gained 4 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. The price has been going up and down for this period, and there has been a -14.05% loss for the last 2 weeks. Volume fell in the last day by -163 381 shares, and in total, 331 422 shares bought and sold for approximately $1.05 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.

Trend

Gopher Protocol 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 79.29% during the next 3 months and, with 90% probability hold a price between $4.72 and $8.80 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Gopher Protocol 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 $2.89 and $2.59. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday April 17, 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 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 53 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $2.75 and $2.50. On the upside the stock meets some resistance just above today's level from accumulated volume at $3.28, $3.54 and $3.70.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Gopher Protocol finds support just below today's level at $2.75. If this is broken, then the next support from accumulated volume will be at $2.50 and $2.45. The stock is about to test the resistance from accumulated volume at $3.28 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $2.75 Price: $3.18 Resistance: $3.28

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 $0.48 between high and low, or 17.45%. For the last week the stock has had a daily average volatility of 14.04%.

Our recommended stoploss: $3.00 (-5.81%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Gopher Protocol holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

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