GALAXY ENTERTAINMENT Stock Analysis
Technical stock analysis for 22 January 2019
GALAXY ENTERTAINMENT gained 0.32% in the last trading day, rising from $6.30 to $6.32 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has fallen in 6 of the last 10 days , but is still up by 0.48% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 15 005 more shares were traded than the day before. In total, 27 882 shares bought and sold for approximately $176 214.00.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the GXYEF stock was $6.32. This is 0.32% more than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 4.08% from a day low at $6.13 to a day high of $6.38.
30 day high of the GXYEF stock price was $6.44 and low was $5.81.
90 day high was $6.82 and low was $5.00.
52 week high for the GALAXY ENTERTAINMENT - $9.48 and low - $5.00.
GALAXY ENTERTAINMENT lies in the middle of a 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 12.3% during the next 3 months and, with 90% probability hold a price between $6.55 and $8.06 at the end of this period.
Only positive signals in the chart today. GALAXY ENTERTAINMENT holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $6.13 and $6.26. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday January 15, 2019, which indicates further gains until a new top pivot has been found. GALAXY ENTERTAINMENT has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 52 and the stock is currently not being overbought or oversold
Support & Resistance
GALAXY ENTERTAINMENT finds support from accumulated volume at $6.19.
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 $0.25 (4.08%) between high and low. For the last week, the stock has had a daily average volatility of 2.07%.
Our recommended stoploss: $6.05 (-4.24%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 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.