Gopher Protocol Stock Analysis
Technical stock analysis for 18 January 2019
Gopher Protocol fell by -4.96% in the last day from $0.49 to $0.47 The price has risen in 6 of the last 10 days and is up by 27.05% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -336 474 shares and in total 362 486 shares bought and sold for approximately $170 405.00.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the GOPH stock was $0.47. This is 4.96% less than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 10.85% from a day low at $0.46 to a day high of $0.51.
30 day high of the GOPH stock price was $0.62 and low was $0.29.
90 day high was $0.82 and low was $0.29.
52 week high for the Gopher Protocol - $4.85 and low - $0.29.
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 -33.55% during the next 3 months and, with 90% probability hold a price between $0.09 and $0.37 at the end of this period.
Gopher Protocol 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 $0.47. On a fall, the stock will find some support from the long-term average at approximately $0.37. 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. 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 January 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSI14 is 67 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $0.42 and $0.37.
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 $0.42. If this is broken, then the next support from accumulated volume will be at $0.37 and $0.36.
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 $0.05 between high and low, or 10.85%. For the last week the stock has had a daily average volatility of 22.34%.
Our recommended stoploss: $0.43 (-8.12%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 4 days ago.)
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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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.