RHS Forecast and Technical Stock Analysis
Buy candidate since 2019-08-15 Gain 1.08%
Guggenheim S&P 500 Eq Wt Cons Stapl ETF gained 1.08% in the last trading day ( Friday, 16th Aug 2019 ), rising from $135.01 to $136.47 , 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. During the day the stock fluctuated 0.94% from a day low at $135.59 to a day high of $136.86. The price has risen in 6 of the last 10 days and is up by 0.49% over the past 2 weeks. Volume fell in the last day by -30 514 shares and in total, 16 655 shares bought and sold for approximately $2.27 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.
- 30 day high of the RHS stock price was $138.43 and low was $131.22.
- 90 day high was $138.43 and low was $128.23.
- 52 week high for Guggenheim S&P 500 Eq Wt Cons Stapl ETF - $138.43 and low - $111.19.
Guggenheim S&P 500 Eq Wt Cons Stapl ETF is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Guggenheim S&P 500 Eq Wt Cons Stapl ETF with a 90% probability to be traded between $133.46 and $141.53 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. Guggenheim S&P 500 Eq Wt Cons Stapl ETF 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 $135.38 and $135.87. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 14, 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 it 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)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 46 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 behaviour.
Support & Resistance
Guggenheim S&P 500 Eq Wt Cons Stapl ETF finds support from accumulated volume at $135.42.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.27 (0.94%) between high and low. For the last week, the stock has had daily average volatility of 1.11%.
Our recommended stop-loss: $129.73 (-4.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)
1.11 %Average volatility
Very Low Low Medium High Very High
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!