Sprott Physical Gold Trust (NYSE:PHYS) shares, rose in value, with the stock price up by 0.84% to the previous day’s close as strong demand from buyers drove the stock to $21.47.
Actively observing the price movement in the recent trading, the stock is buoying the session at $21.29, falling within a range of $21.434 and $21.52. Referring to stock’s 52-week performance, its high was $21.70, and the low was $15.31. On the whole, PHYS has fluctuated by 6.23% over the past month.
With the market capitalization of Sprott Physical Gold Trust currently standing at about $8.98 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PHYS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of PHYS currently trading nearly 4.15% and 5.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.49, while the 7-day volatility ratio is showing 0.61% which for the 30-day chart, stands at 0.67%. Furthermore, Sprott Physical Gold Trust (PHYS)’s beta value is 0.15, and its average true range (ATR) is 0.21.
A comparison of Sprott Physical Gold Trust (PHYS) with its peers suggests the former has fared considerably weaker in the market. PHYS showed an intraday change of 0.84% in today’s session so far, and over the past year, it grew by 36.93%%.
Data on historical trading for Sprott Physical Gold Trust (NYSE:PHYS) indicates that the trading volumes over the past 10 days have averaged 2.43 and over the past 3 months, they’ve averaged 2.62 million. According to company’s latest data on outstanding shares, there are 418.10 million shares outstanding.
The stock has risen by 6.60% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PHYS stock heading into the next quarter.
