Great Panther Silver Limited Forecast and Stock Analysis
Technical GPL stock analysis for Wednesday May 22, 2019.
|Shorts||2.45% ( 2019-04-15 )|
|Price to book||USD 1.25|
|Next Earnings Date||2019-07-30|
Great Panther Silver Limited fell by -2.67% in the last day ( Wednesday, 22nd May 2019 ) from $0.71 to $0.69 and has now fallen 8 days in a row. During day the stock fluctuated 5.60% from a day low at $0.66 to a day high of $0.70. The price has fallen in 9 of the last 10 days and is down by -19.13% for this period. Volume has increased in the last day by 329 410 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 582 970 shares bought and sold for approximately $402 249.00.
- 30 day high of the GPL stock price was $0.91 and low was $0.66.
- 90 day high was $1.19 and low was $0.66.
- 52 week high for the Great Panther Silver Limited - $1.28 and low - $0.54.
Great Panther Silver Limited lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $0.65 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.15% during the next 3 months and, with 90% probability hold a price between $0.52 and $0.77 at the end of this period.
There are few to none technical positive signals at the moment. Great Panther Silver Limited holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $0.74 and $0.85. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday May 13, 2019, which indicates further falls until a new bottom pivot has been found. Great Panther Silver Limited gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 29 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.04 between high and low, or 5.60%. For the last week, the stock has had a daily average volatility of 6.17%.
Great Panther Silver Limited is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
6.17 %Average volatility
Very Low Low Medium High Very High
Great Panther Silver Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.
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|GPL $0.69 ($-0.02 -2.67%)|
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