PHYS Forecast and Technical Stock AnalysisBuy candidate since 2019-07-17
Sprott Physical Gold Trust gained 1.33% in the last trading day ( Wednesday, 17th Jul 2019 ), rising from $11.26 to $11.41 During day the stock fluctuated 1.41% from a day low at $11.28 to a day high of $11.44. The price has been going up and down for this period, and there has been a 0.97% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 35 140 more shares were traded than the day before. In total, 619 078 shares bought and sold for approximately $7.06 million.
- 30 day high of the PHYS stock price was $11.49 and low was $10.72.
- 90 day high was $11.49 and low was $10.08.
- 52 week high for the Sprott Physical Gold Trust - $11.49 and low - $9.35.
Sprott Physical Gold Trust lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.98% during the next 3 months and, with 90% probability hold a price between $12.59 and $13.40 at the end of this period.
Only positive signals in the chart today. Sprott Physical Gold Trust holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $11.32 and $10.98. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday July 08, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 54 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $10.25 and $10.21.
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, Sprott Physical Gold Trust finds support just below today's level at $10.25. If this is broken, then the next support from accumulated volume will be at $10.21 and $10.16.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.16 (1.41%) between high and low. For the last week, the stock has had a daily average volatility of 0.99%.
Our recommended stoploss: $10.79 (-5.46%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)
0.99 %Average volatility
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Several short-term signals, along with a general good trend, are positive and 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.
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