Wednesday June 19, 2019 Change 3.29% Price $6.60
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will GXYEF stock price go up or down on Thu, 20 Jun 2019?

Predict

GALAXY ENTERTAINMENT Forecast and Stock Analysis

Technical GXYEF stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-19


GALAXY ENTERTAINMENT gained 3.29% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $6.39 to $6.60 , 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. During day the stock fluctuated 2.33% from a day low at $6.45 to a day high of $6.60. The price has risen in 7 of the last 10 days and is up by 10.53% over the past 2 weeks. Volume fell in the last day by -4 225 shares, and in total, 5 761 shares bought and sold for approximately $38 022.60. 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.

Quick summary:

  • 30 day high of the GXYEF stock price was $6.60 and low was $5.78.
  • 90 day high was $7.90 and low was $5.78.
  • 52 week high for the GALAXY ENTERTAINMENT - $8.35 and low - $5.00.

Trend

GALAXY ENTERTAINMENT lies the upper part of a very 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 $6.89 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 -17.23% during the next 3 months and, with 90% probability hold a price between $4.33 and $5.70 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

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 $6.32 and $6.46. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday June 12, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 69 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $6.20 and $6.19.

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, GALAXY ENTERTAINMENT finds support just below today's level at $6.20. If this is broken, then the next support from accumulated volume will be at $6.19 and $6.02.

Support: $6.20 Price: $6.60 Resistance: $6.88

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: $6.37 (-3.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

2.05 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate Upgraded

Will GXYEF stock price go up or down on Thu, 20 Jun 2019?

Predict

Proudly made at

Rise Vilnius
in partnership with
Barclays Bank