GSE Systems, Inc Stock Forecast
Big movements in GSE Systems, Inc stock price on Thursday moving 12.50% between high and low
(Updated on Apr 18, 2024)
The GSE Systems, Inc stock price gained 7.23% on the last trading day (Thursday, 18th Apr 2024), rising from $2.35 to $2.52. During the last trading day the stock fluctuated 12.50% from a day low at $2.24 to a day high of $2.52. The price has fallen in 8 of the last 10 days and is down by -20.38% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 38 thousand more shares were traded than the day before. In total, 44 thousand shares were bought and sold for approximately $111.34 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.38 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 96.10% during the next 3 months and, with a 90% probability hold a price between $4.66 and $6.82 at the end of this 3-month period.
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GVP Signals & Forecast
The GSE Systems, Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $2.80. On a fall, the stock will find some support from the long-term average at approximately $2.51. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). GSE Systems, Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -22.70%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for GSE Systems, Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $2.37 and $2.31. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, GSE Systems, Inc finds support just below today's level at $2.37. If this is broken, then the next support from accumulated volume will be at $2.31 and $2.10.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.280 between high and low, or 12.50%. For the last week, the stock has had daily average volatility of 12.77%.
Our recommended stop-loss: $2.37 (-5.92%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (GVP) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect GSE Systems, Inc to open at $2.43, and during the day (based on 14 day Average True Range), to move between $2.22 and $2.82, which gives a possible trading interval of +/-$0.301 (+/-11.95%) up or down from last closing price. If GSE Systems, Inc takes out the full calculated possible swing range there will be an estimated 23.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.58 (2.38%) than the support at $2.37 (5.95%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is GSE Systems, Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GSE Systems, Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.454 Buy Candidate Upgraded
Predicted Opening Price for GSE Systems, Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $2.43 ( 3.70%) | $2.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GVP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.71 | 7.41 % | |
| R2 | 2.60 | 3.16 % | ||
| R1 | 2.53 | 0.541 % | ||
| Current price: | 2.52 | |||
| Support | S1 | 2.32 | -7.95 % | |
| S2 | 2.25 | -10.57 % | ||
| S3 | 2.15 | -14.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.67 | 5.95 % | |
| R2 | 2.61 | 3.57 % | ||
| R1 | 2.58 | 2.38 % | ||
| Current price | 2.52 | |||
| Support | S1 | 2.37 | -5.95% | |
| S2 | 2.31 | -8.33% | ||
| S3 | 2.10 | -16.67% |
FAQ
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