Blockchain Stock Chart: Here you should take a closer look! ()

Graph Blockchain, a company in the “application software” market, is currently (at 11:31 am) listed at 0.035 CAD very sharply up (+4.77%), the company’s home exchange is Canadian Sec.

Our analysts rated Graph Blockchain based on 4 criteria. Each criterion defines a “buy”, “hold” or “sell” rating. The overall assessment results from the individual results of this analysis.

1. Technical analysis: Trend following indicators should show whether a security is currently in an uptrend or a downtrend (see Wikipedia). The moving average is one such indicator, here we are looking at the 50 and 200 day moving averages. Let’s first look at the longer-term average of the past 200 trading days. For Graph Blockchain sharing, it is currently CAD 0.15. The last closing price (0.035 CAD) is therefore significantly lower (-76.67% difference in comparison). Based on this, Graph Blockchain thus receives a “Sell” rating. Now let’s look at the shorter-term 50-day moving average: for this (CA$0.07), the last close is also below the moving average (-50% deviation). The Graph Blockchain stock therefore also receives a “Sell” rating on this short-term basis. Overall, Graph Blockchain receives a “Sell” rating based on trend following indicators.

2. Sentiment and Buzz: Over the past few weeks, there has been no clear shift in communication about the graph blockchain in social media. There was no fundamental shift towards overly positive or negative discussions. The title is therefore rated “Hold” by the publishers. The intensity or, to put it simply, the frequency of contributions to a stock gives an indication of whether the company is currently very much or little in the focus of investors’ concerns. The graph blockchain was discussed slightly more or less than usual. This results in a “Hold” rating. Overall, this gives the title a “hold” rating.

3. Relative Strength Index: In order to assess whether a security is currently “overbought” or “oversold”, upward and downward movements can be compared over time. This provides what is known as the Relative Strength Index (RSI), a technical analysis indicator that is often used in the financial market. We now evaluate Graph Blockchain using the shorter term RSI for the last 7 days and the slightly longer term RSI on a 25 day basis. First, the 7-day RSI is currently at 66.67 points, which means that Graph Blockchain stock is neither overbought nor oversold. As a result, it receives a “Hold” rating. Moving on to RSI25: Again, Graph Blockchain is neither overbought nor oversold (value: 54.84), so the stock also receives a “hold” rating for RSI25. This gives Graph Blockchain a “Hold” rating for this point in our analysis.