GS ActiveBeta U.S. Small Cap Equity Stock Analysis
Technical stock analysis for 22 January 2019
GS ActiveBeta U.S. Small Cap Equity fell by -1.59% in the last day from $42.45 to $41.78 The price has risen in 8 of the last 10 days and is up by 3.54% over the past 2 weeks. Volume has increased in the last day by 7 826 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, 22 938 shares bought and sold for approximately $958 350.00.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the GSSC stock was $41.78. This is 1.59% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 1.42% from a day low at $41.64 to a day high of $42.23.
30 day high of the GSSC stock price was $42.62 and low was $33.85.
90 day high was $45.26 and low was $33.85.
52 week high for the GS ActiveBeta U.S. Small Cap Equity - $49.66 and low - $33.85.
GS ActiveBeta U.S. Small Cap Equity lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $42.38 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.78% during the next 3 months and, with 90% probability hold a price between $31.93 and $38.23 at the end of this period.
GS ActiveBeta U.S. Small Cap Equity holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $41.69 and $40.65. A break down below any of these levels will issue sell signals. 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 Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. GS ActiveBeta U.S. Small Cap Equity 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 holds a RSI14 at 73 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
GS ActiveBeta U.S. Small Cap Equity finds support from accumulated volume at $39.83.
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 $0.59 between high and low, or 1.42%. For the last week, the stock has had a daily average volatility of 1.01%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $40.27 (-3.62%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 73 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)
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GS ActiveBeta U.S. Small Cap Equity holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.