GOPH - Gopher Protocol

Exchange: OTCBB

GOPH - Gopher Protocol

Exchange: OTCBB
#2700()/6981

Fri 20'th Jul 2018

PERIOD 2018-04-23 - 2018-07-20
CHANGE 4.42%
PRICE $2.07
VOLUME
Sell
TREND
Sell

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Gopher Protocol Stock Analysis

Technical stock analysis for Fri 20'th Jul 2018

Hold candidate since 2018-07-20

Gopher Protocol gained 4.42% in the last trading day, rising from $1.98 to $2.07 , 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. The price has fallen in 6 of the last 10 days and is down by -18.6% for this period. Volume fell in the last day by -201 126 shares, and in total, 171 701 shares bought and sold for approximately $354 992.00. 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -40.25% during the next 3 months and, with 90% probability hold a price between $0.57 and $1.43 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, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $2.00 and $2.02. 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 16, 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.

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Relative Strength Index (RSI)

RSI14 is 58 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Gopher Protocol finds support from accumulated volume at $1.99.

Support: $1.99 Price: $2.07 Resistance: $2.12

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 $0.13 between high and low, or 6.63%. For the last week the stock has had a daily average volatility of 11.18%.

Our recommended stoploss: $1.96 (-5.26%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 4 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Gopher Protocol 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 for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Hold/Accumulate

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