SPPP Forecast and Technical Stock AnalysisHold candidate since 2019-07-12
Sprott Physical Platinum and Palladium Trust fell by -1.02% in the last day ( Friday, 12th Jul 2019 ) from $11.77 to $11.65 and has now fallen 3 days in a row. During day the stock fluctuated 1.28% from a day low at $11.62 to a day high of $11.77. The price has been going up and down for this period, and there has been a 0.43% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -26 754 shares and in total 13 603 shares bought and sold for approximately $158 475.00.
- 30 day high of the SPPP stock price was $11.98 and low was $10.67.
- 90 day high was $11.98 and low was $9.56.
- 52 week high for the Sprott Physical Platinum and Palladium Trust - $12.22 and low - $7.21.
Sprott Physical Platinum and Palladium Trust lies in the middle of a wide and 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 10.37% during the next 3 months and, with 90% probability hold a price between $11.60 and $13.58 at the end of this period.
Sprott Physical Platinum and Palladium 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 $11.73. On a fall, the stock will find some support from the long-term average at approximately $11.01. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday July 10, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 59 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 $10.60 and $10.54.
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 Platinum and Palladium Trust finds support just below today's level at $10.60. If this is broken, then the next support from accumulated volume will be at $10.54 and $10.11.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $11.07 (-4.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)
0.96 %Average volatility
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Sprott Physical Platinum and Palladium Trust holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.
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