not a chartist... but some info If you invested a year ago when gold was aroung $US 1,000/oz, Investing in MCO you'll be now sitting on a loss....
Morning Star Gold hits year-low 1st time in three months Morning Star Gold, Australia's 29th largest gold company by market capitalisation, hit a 52-week low of 32.0c during the day. In the last three months the stock has hit a new 52-week low once. The stock slid for a sixth straight day on Monday. The stock price plunged 2.50c (or 7.2%) to close at 32.0c. Compared with the All Ordinaries index, which rose 6.1 points (or 0.1%) on the day, this was a relative price change of -7.4%.
Its short term falls have been combined with weak volume resulting in weak momentum falls over 5 and 30 days. Significantly its price of 32.0c is at a discount of 22% to its 200-day moving average price of 41.03c. $1,000 invested exactly one year ago is now worth $762 of which $238 is a capital loss. Recommended stop loss: 29.60c
Bearish Signals: The price crashed 12.3% in the last week and 11.1% in the last month. Compared with the All Ordinaries index which fell 2.4% for the week, this represented a relative price decrease of 10.0% for the week. In the Australian market of 1,375 stocks and 73 units traded today, the stock has a 6-month relative strength of 15 indicating it is trailing 85.0% of the market. Also, the relative strength percentile is slipping at 15 for 6 months, 7 for 3 months and 5 for 1 month. The price to 50-day EMAP ratio is 0.8, a bearish indicator. The 50-day EMAP has decreased to 39.33c. A decrease is another bearish indicator. The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) minus the 26-day EMA is negative suggesting a bearish signal. Both the 12-day EMA as well as the 26-day EMA are falling, another bearish signal. In the last three months the stock has hit a new 52-week low once. The stock is trading below both its MAPs and the 50-day MAP of 39.76c is lower than the 200-day MAP of 41.03c, another bearish indicator. The price to 200-day MAP ratio is 0.78, a bearish indicator. Breakdown: The stock traded at a thirteen-month low of 32.0c today. In the last three months the stock has hit a new 52-week low once.
