Nevada Gold & Casinos Forecast and Stock Analysis
Technical UWN stock analysis for April 24, 2019.
|Shorts||0.22% ( 2019-03-29 )|
Nevada Gold & Casinos fell by -0.20% in the last day from $2.48 to $2.47 and has now fallen 3 days in a row. The price has fallen in 5 of the last 10 days and is down by -0.4% for this period. Volume has increased in the last day by 8 336 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 135 597 shares bought and sold for approximately $334 925.00.
Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the UWN stock was $2.47. This is 0.2% less than the trading day before Tuesday, 23rd Apr 2019.
During day the stock fluctuated 0.51% from a day low at $2.47 to a day high of $2.48.
30 day high of the UWN stock price was $2.50 and low was $2.46.
90 day high was $2.50 and low was $2.43.
52 week high for the Nevada Gold & Casinos - $2.60 and low - $1.80.
Nevada Gold & Casinos has broken the narrow and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately $2.47 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
A buy signal was issued from a pivot bottom point on Wednesday April 10, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Nevada Gold & Casinos holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $2.48 and $2.48. A break-up above any of these levels will issue buy signals. Nevada Gold & Casinos gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's".
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
Nevada Gold & Casinos finds support from accumulated volume at $2.46.
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 $0.01 (0.51%) between high and low. For the last week, the stock has had a daily average volatility of 0.48%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Nevada Gold & Casinos holds several negative signals and is within a narrow and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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|UWN $2.47 ($-0.00 -0.20%)|
UWN is down $0.00 today, but where's it headed in 2019?
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