KGJI - Kingold Jewelry Inc.

Industry: Gold Sector: Basic Materials Exchange: NASDAQ

KGJI - Kingold Jewelry Inc.

Industry: Gold Sector: Basic Materials Exchange: NASDAQ
#5701()/7615

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 0.00%
PRICE $1.15
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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Kingold Jewelry Inc. Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Sell candidate since 2018-09-04 Loss -8.73%
Shorts 28.77% ( 2018-08-31 )
Cash n/a
Loans n/a
Beta 0.18
ROA 2.45

No changes to the price of Kingold Jewelry Inc. in the last trading day. The price has fallen in 5 of the last 10 days and is down by -8.73% for this period.

Trend

Kingold Jewelry Inc. lies in the lower of a falling trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $1.15 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.79% during the next 3 months and, with 90% probability hold a price between $1.11 and $1.21 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Monday September 17, 2018, 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. 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 $1.17 and $1.22. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

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Relative Strength Index (RSI)

The stock currently holds a RSI14 at 22 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

Price: $1.15 Resistance: $1.22

Risk

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

Kingold Jewelry Inc. is oversold on RSI14 (22). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

Kingold Jewelry Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.

Sell Candidate

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