GNC Holdings, Inc. (NYSE:GNC) fell by -3.12% in yesterday’s trading from $9.62 to $9.32 and has now fallen 3 consecutive sessions. The price has fallen in 6 of the last 10 days and is down by -4.02% over the same course of time. Volume has increased in yesterday’s trading by 0.90 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 2.14 M shares exchanged hands for about $19.94 million.
Inside GNC’s Recent Trend
GNC Holdings, Inc. (GNC) lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down through the resistance trend line at $8.88 will initially suggest a lower tendency for gains in the price and this might very well be an early sign that a trend shift is coming. Short-term traders are predicted to see a rally of 35.14% over the course of a quarter and, with 90% chance the price will be floating in the range of $12.00 and $15.64 in this timeframe.
GNC Holdings, Inc. Technical Signals
GNC has witnessed its short term MA triggering a sell signal. Meanwhile, however, the long-term average has generated a buy signal. When the short-run moving average rises above its longer-term trend, a buy signal is created. This is because a short-run moving average that crosses its long-run moving average counterpart is seen as the initiation of an upward trend. On additional rally, the share price will meet short term resistance at around $9.56. On a drop, the stock is likely to find some support over the long run, which begins at $9.02. A buy signal will be generated if it crosses above the short term moving average. Meanwhile, however, a price crossing below the long term moving average will generate a sell signal.
GNC Holdings, Inc. (NYSE:GNC) Support And Resistance Levels
GNC Holdings, Inc. (GNC) recorded volume accumulation so there will probably be a surplus of buyers at $8.89. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $9.51, $10.17 and $10.95.
Accumulated volume is going to prevent the price from rising further at $9.51 and this action will lead the price to take a temporary pause or stay muted for a few days.
GNC Holdings, Inc. (GNC) Risk Assessment
A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.57 between high and low, or 6.24%. The average volatility for the past week stood at 6.06%.