Stronger Sell Today GSB ranks #4473 as SELL CANDIDATE #4473 Weaker Sell

GSB stock forecast GlobalSCAPE, Inc

GSB stock forecast

Monday December 09, 2019 Change -0.48% Price $10.45
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

GSB Forecast and Technical Stock Analysis


Sell candidate since 2019-12-06 Loss -0.48% PDF

GlobalSCAPE, Inc fell by -0.48% in the last day ( Monday, 9th Dec 2019 ) from $10.50 to $10.45 and has now fallen 4 days in a row. During the day the stock fluctuated 4.66% from a day low at $10.30 to a day high of $10.78. The price has risen in 6 of the last 10 days , but is still down by -8.01% 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 -314 278 shares and in total 210 908 shares bought and sold for approximately $2.20 million.

Quick summary:

  • 30 day high of the GSB stock price was $14.14 and low was $9.80.
  • 90 day high was $14.14 and low was $9.14.
  • 52 week high for GlobalSCAPE, Inc - $14.25 and low - $4.32.
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Trend

GlobalSCAPE, Inc is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect GlobalSCAPE, Inc with a 90% probability to be traded between $9.07 and $13.54 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

There are few to none technical positive signals at the moment. GlobalSCAPE, Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $12.40 and $10.95. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday December 04, 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.

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A sell signal from a double bottom formation was found on Wednesday December 04, 2019 with a target of $13.17. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 43 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $9.80 and $9.56.

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, GlobalSCAPE, Inc finds support just below today's level at $9.80. If this is broken, then the next support from accumulated volume will be at $9.56 and $9.46.

Support: $9.80 Price: $10.45 Resistance: $10.50

Risk

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 $0.48 between high and low, or 4.66%. For the last week, the stock has had a daily average volatility of 5.49%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

5.49 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Upgraded

Evaluation

GlobalSCAPE, Inc 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.

Stronger Sell Today GSB ranks #4473 as SELL CANDIDATE #4473 Weaker Sell
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