Fri 23'rd Feb 2018
Kingold Jewelry Inc. Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||16.84% ( 2018-01-31 )|
Kingold Jewelry Inc. lies in the middle of a wide and 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 -20.37% during the next 3 months and, with 90% probability hold a price between $1.25 and $1.48 at the end of this period.
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 $1.73 and $1.85. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday February 21, 2018, which indicates further falls until a new bottom pivot has been found. Kingold Jewelry Inc. 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)
RSI14 is 39 and the stock is currently not being overbought or oversold
Support & Resistance
Kingold Jewelry Inc. finds support from accumulated volume at $1.66. On the upside the stock meets some resistance from accumulated volume at $1.94, $1.98 and $2.02.
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 $0.20 between high and low, or 12.20%. For the last week, the stock has had a daily average volatility of 7.81%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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