GlaxoSmithKline PLC Forecast and Stock Analysis
Technical GSK stock analysis for Friday May 24, 2019.
|Shorts||3.20% ( 2019-04-15 )|
|Price to book||USD 18.06|
|Next Earnings Date||2019-07-24|
GlaxoSmithKline PLC gained 0.48% in the last trading day ( Friday, 24th May 2019 ), rising from $39.99 to $40.18 During day the stock fluctuated 0.60% from a day low at $40.08 to a day high of $40.32. The price has fallen in 5 of the last 10 days , but is still up by 1.64% over the past 2 weeks. Volume fell in the last day by -0.15 million shares, and in total, 1.70 million shares bought and sold for approximately $68.38 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 GSK stock price was $41.16 and low was $39.07.
- 90 day high was $42.20 and low was $39.07.
- 52 week high for the GlaxoSmithKline PLC - $42.36 and low - $36.41.
GlaxoSmithKline PLC lies in the middle of a 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 -2.45% during the next 3 months and, with 90% probability hold a price between $38.12 and $40.26 at the end of this period.
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. Some negative signals were issued as well, and these may have some influence on the near short-term development. GlaxoSmithKline PLC holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $40.21. On a fall, the stock will find some support from the short-term average at $39.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Wednesday May 22, 2019, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 45 and the stock is currently not being overbought or oversold
Support & Resistance
GlaxoSmithKline PLC finds support from accumulated volume at $40.12.
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 $0.24 (0.60%) between high and low. For the last week, the stock has had a daily average volatility of 0.94%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
0.94 %Average volatility
Very Low Low Medium High Very High
GlaxoSmithKline PLC holds several negative signals and is within a 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.
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|GSK $40.18 ($0.19 0.48%)|
GSK is up $0.19 today, but where's it headed in 2019?
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