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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
#6424()/6711

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE -9.19%
PRICE $1.68
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

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Kingold Jewelry Inc. Stock Analysis

Technical stock analysis for Fri 23'rd Feb 2018

Shorts 16.84% ( 2018-01-31 )
Cash n/a
Loans n/a
Beta 0.18
ROA 2.49
Sell candidate since 2018-02-22 Loss -9.19%

Kingold Jewelry Inc. fell by -9.19% in the last day from $1.85 to $1.68 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days and is down by -5.62% for this period. Volume has increased in the last day by 18 294 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 61 355 shares bought and sold for approximately $103 076.

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Trend

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.

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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 $1.73 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".

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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 $1.66. On the upside the stock meets some resistance from accumulated volume at $1.94, $1.98 and $2.02.

Support: $1.66 Price: $1.68 Resistance: $1.94

Risk

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.

Overall risk:

Very Low Low Medium High Very High

Evaluation

Kingold Jewelry Inc. holds several negative signals and is within a wide and 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.

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