Government Properties Income Trust Stock Analysis
Technical stock analysis for 23 January 2019
Government Properties Income Trust fell by -1.37% in the last day from $32.07 to $31.63 and has now fallen 3 days in a row. The price has fallen in 7 of the last 10 days and is down by -5.02% for this period. 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 -154 512 shares and in total 258 808 shares bought and sold for approximately $8.19 million.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the GOV stock was $31.63. This is 1.37% less than the trading day before Tuesday, 22nd Jan 2019.
During day the stock fluctuated 4.48% from a day low at $31.47 to a day high of $32.88.
30 day high of the GOV stock price was $35.62 and low was $6.60.
90 day high was $35.62 and low was $6.54.
52 week high for the Government Properties Income Trust - $35.62 and low - $6.54.
Government Properties Income Trust 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 187.21% during the next 3 months and, with 90% probability hold a price between $42.68 and $109.18 at the end of this period.
Government Properties Income Trust 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 $32.69. On a fall, the stock will find some support from the long-term average at approximately $18.25. 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 Thursday January 10, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
The stock holds a RSI14 at 71 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 $30.11.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.41 between high and low, or 4.48%. For the last week, the stock has had a daily average volatility of 4.09%.
Our recommended stoploss: $29.87 (-5.58%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 71 and this increases the risk substantially. There is a sell signal from pivot top found 8 days ago.)
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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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|GOV $31.63 $-0.44(-1.37%)|
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