Government Properties Income Trust Forecast and Stock Analysis
Technical GOV stock analysis for Wednesday June 19, 2019.
Government Properties Income Trust gained 1.13% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $26.61 to $26.91 , 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. During day the stock fluctuated 2.43% from a day low at $26.36 to a day high of $27.00. The price has been going up and down for this period, and there has been a 9.21% gain for the last 2 weeks. Volume fell in the last day by -32 197 shares, and in total, 496 122 shares bought and sold for approximately $13.35 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 GOV stock price was $27.00 and low was $23.36.
- 90 day high was $29.86 and low was $23.36.
- 52 week high for the Government Properties Income Trust - $35.62 and low - $6.54.
Government Properties Income Trust has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $26.09, a level that may pose a second chance to hit a runner. According to fan-theory $29.38 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Only positive signals in the chart today. Government Properties Income Trust 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 $25.06 and $25.54. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday June 14, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
Relative Strength Index (RSI)
The stock holds a RSI14 at 74 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Government Properties Income Trust finds support from accumulated volume at $26.78.
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 $0.64 (2.43%) between high and low. For the last week, the stock has had a daily average volatility of 4.28%.
The stock is extremely overbought on RSI14 (74). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stoploss: $26.00 (-3.38%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 74 and this increases the risk substantially. There is a buy signal from pivot bottom found 3 days ago.)
4.28 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
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|GOV $26.91 ($0.30 1.13%)|
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