Sprott Physical Gold Trust Stock Analysis
Technical stock analysis for 23 January 2019
|Shorts||0.10% ( 2018-12-31 )|
No changes to the price of Sprott Physical Gold Trust in the last trading day. The price has been going up and down for this period, and there has been a 0.19% gain for the last 2 weeks.
Close price at the end of the last trading day (Wednesday, 23rd Jan 2019) of the PHYS stock was $10.40.
During day the stock fluctuated 0.58% from a day low at $10.35 to a day high of $10.41.
30 day high of the PHYS stock price was $10.53 and low was $10.11.
90 day high was $10.53 and low was $9.56.
52 week high for the Sprott Physical Gold Trust - $11.15 and low - $9.35.
Sprott Physical Gold Trust lies in the middle of a narrow and weak 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 8.42% during the next 3 months and, with 90% probability hold a price between $11.07 and $11.42 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday January 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days. Sprott Physical Gold Trust holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $10.45. On a fall, the stock will find some support from the long-term average at approximately $10.24. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
* 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)
RSI14 is 53 and the stock is currently not being overbought or oversold
Support & Resistance
Sprott Physical Gold Trust finds support from accumulated volume at $10.10.
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 $0.06 (0.58%) between high and low. For the last week, the stock has had a daily average volatility of 0.50%.
Our recommended stoploss: $9.95 (-4.35%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)
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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.