Sprott Physical Gold Trust Forecast and Stock Analysis
Technical PHYS stock analysis for March 25, 2019.
|Shorts||0.06% ( 2019-02-28 )|
Sprott Physical Gold Trust gained 0.75% in the last trading day, rising from $10.61 to $10.69 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 2.3% over the past 2 weeks. Volume fell in the last day by -171 411 shares, and in total, 726 234 shares bought and sold for approximately $7.76 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Monday, 25th Mar 2019) of the PHYS stock was $10.69. This is 0.75% more than the trading day before Friday, 22nd Mar 2019.
During day the stock fluctuated 0.47% from a day low at $10.65 to a day high of $10.70.
30 day high of the PHYS stock price was $10.76 and low was $10.34.
90 day high was $10.88 and low was $10.18.
52 week high for the Sprott Physical Gold Trust - $11.08 and low - $9.35.
Given the current horizontal trend you can expect Sprott Physical Gold Trust with 90% probability to be traded between $10.61 and $11.11 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Only positive signals in the chart today. Sprott Physical Gold Trust holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $10.57 and $10.58. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday March 04, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
The stock holds a RSI14 at 75 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Sprott Physical Gold Trust finds support from accumulated volume at $10.61.
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 $0.05 (0.47%) between high and low. For the last week, the stock has had a daily average volatility of 0.78%.
Our recommended stoploss: $10.18 (-4.80%) (This stock has low daily movements and this gives low risk. The RSI14 is 75 and this increases the risk substantially. There is a buy signal from pivot bottom found 15 days ago.)
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Evaluation: Buy Candidate
Several short-term signals 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 period.