Sprott Physical Platinum and Palladium Trust Forecast and Stock Analysis
Technical SPPP stock analysis for February 15, 2019.
|Shorts||1.29% ( 2019-01-31 )|
Sprott Physical Platinum and Palladium Trust gained 0.09% in the last trading day, rising from $10.98 to $10.99 The price has risen in 7 of the last 10 days and is up by 6.28% over the past 2 weeks. Volume fell in the last day by -29 318 shares, and in total, 49 311 shares bought and sold for approximately $541 928.00. 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 (Friday, 15th Feb 2019) of the SPPP stock was $10.99. This is 0.09% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 0.36% from a day low at $10.98 to a day high of $11.02.
30 day high of the SPPP stock price was $11.14 and low was $10.02.
90 day high was $11.14 and low was $9.15.
52 week high for the Sprott Physical Platinum and Palladium Trust - $11.14 and low - $7.21.
Sprott Physical Platinum and Palladium 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 16.9% during the next 3 months and, with 90% probability hold a price between $12.34 and $13.32 at the end of this period.
Sprott Physical Platinum and Palladium 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 $10.86 and $10.37. A break down below any of these levels will issue sell signals. 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 February 13, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
The stock holds a RSI14 at 84 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 Platinum and Palladium Trust finds support from accumulated volume at $10.72.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: $10.62 (-3.35%) (This stock has low daily movements and this gives low risk. The RSI14 is 84 and this increases the risk substantially. There is a sell signal from pivot top found 2 days ago.)
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Evaluation: Buy Candidate
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.