PHYS Sprott Physical Gold Trust Forecast, Technical & Fundamental Analysis

Momentum Indicator for PHYS turns positive, indicating new upward trend

PHYS saw its Momentum Indicator move above the 0 level on July 28, 2022. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 101 similar instances where the indicator turned positive. In 86 of the 101 cases, the stock moved higher in the following days. The odds of a move higher are at 85%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PHYS's RSI Indicator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PHYS just turned positive on July 25, 2022. Looking at past instances where PHYS's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PHYS advanced for three days, in of 350 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

PHYS moved below its 50-day moving average on August 05, 2022 date and that indicates a change from an upward trend to a downward trend.

The 50-day moving average for PHYS moved below the 200-day moving average on July 05, 2022. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PHYS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PHYS broke above its upper Bollinger Band on July 28, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for PHYS entered a downward trend on July 29, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)