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KGJI - Kingold Jewelry Inc.

Industry: Gold Sector: Basic Materials Exchange: NASDAQ

KGJI - Kingold Jewelry Inc.

Industry: Gold Sector: Basic Materials Exchange: NASDAQ
#3795()/6519

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE -1.31%
PRICE $1.29
VOLUME
Sell
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

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Kingold Jewelry Inc. Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Hold candidate since 2018-06-14 Loss -1.31%

Kingold Jewelry Inc. fell by -1.31% in the last day from $1.31 to $1.29 The price has risen in 6 of the last 10 days and is up by 0.22% over the past 2 weeks. 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 -18 611 shares and in total 15 725 shares bought and sold for approximately $0.00.

Shorts 7.51% ( 2018-05-31 )
Cash n/a
Loans n/a
Beta 0.38
ROA 1.95

Trend

Kingold Jewelry Inc. lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $1.28 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.92% during the next 3 months and, with 90% probability hold a price between $1.33 and $1.52 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Kingold Jewelry Inc. holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $1.32 and $1.35. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday June 12, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

RSI14 is 39 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Kingold Jewelry Inc. finds support from accumulated volume at $1.29.

Support: $1.29 Price: $1.29 Resistance: $1.30

Risk

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

Our recommended stoploss: $1.22 (-5.84%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Kingold Jewelry Inc. holds several negative signals and this should give a sell recommendation, but due to the general chance for a turnaround situation we recommend to hold or accumulate whilst awaiting for further development.

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