Geo Group Inc (The) Stock Forecast
Green day on Wednesday for Geo Group Inc (The) stock after gaining 0.534%
(Updated on Apr 24, 2024)
The Geo Group Inc (The) stock price gained 0.534% on the last trading day (Wednesday, 24th Apr 2024), rising from $14.99 to $15.07. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.71% from a day low at $14.94 to a day high of $15.19. The price has fallen in 6 of the last 10 days and is down by -3.34% for this period. Volume fell on the last day by -1 million shares and in total, 1 million shares were bought and sold for approximately $19.69 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 39.69% during the next 3 months and, with a 90% probability hold a price between $19.80 and $23.55 at the end of this 3-month period.
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GEO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -5.40%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Geo Group Inc (The) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $14.92 and $14.11. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Geo Group Inc (The) stock
Geo Group Inc (The) finds support from accumulated volume at $14.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.255 between high and low, or 1.71%. For the last week, the stock has had daily average volatility of 3.02%.
Our recommended stop-loss: $14.45 (-4.10%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (GEO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Geo Group Inc (The) to open at $15.07, and during the day (based on 14 day Average True Range), to move between $14.57 and $15.57, which gives a possible trading interval of +/-$0.498 (+/-3.30%) up or down from last closing price. If Geo Group Inc (The) takes out the full calculated possible swing range there will be an estimated 6.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.14 (0.46%) than the support at $14.74 (2.19%), 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 Geo Group Inc (The) 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 Geo Group Inc (The) stock to perform well in the short-term.
Current score: 2.318 Buy Candidate Unchanged
Predicted Opening Price for Geo Group Inc (The) of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $15.07 ( 0.0332%) | $15.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GEO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.32 | 1.66 % | |
| R2 | 15.22 | 1.01 % | ||
| R1 | 15.16 | 0.613 % | ||
| Current price: | 15.07 | |||
| Support | S1 | 14.97 | -0.680 % | |
| S2 | 14.91 | -1.08 % | ||
| S3 | 14.81 | -1.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.93 | 5.71 % | |
| R2 | 15.92 | 5.64 % | ||
| R1 | 15.14 | 0.464 % | ||
| Current price | 15.07 | |||
| Support | S1 | 14.74 | -2.19% | |
| S2 | 12.23 | -18.85% | ||
| S3 | 11.45 | -24.02% |
GEO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 15, 2021 | Jan 22, 2021 | Feb 01, 2021 | $0.250 | 2.78% |
| 2 | Oct 06, 2020 | Oct 15, 2020 | Oct 23, 2020 | $0.340 | 3.78% |
| 3 | Jul 07, 2020 | Jul 16, 2020 | Jul 24, 2020 | $0.480 | 4.45% |
| 4 | Apr 06, 2020 | Apr 16, 2020 | Apr 24, 2020 | $0.480 | 4.10% |
| 5 | Feb 03, 2020 | Feb 13, 2020 | Feb 21, 2020 | $0.480 | 2.77% |
FAQ
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