Gevo Stock Forecast
Volatile ride for Gevo stock price on Monday moving between $0.640 and $0.739
(Updated on Apr 22, 2024)
The Gevo stock price gained 5.64% on the last trading day (Monday, 22nd Apr 2024), rising from $0.663 to $0.701. During the last trading day the stock fluctuated 15.42% from a day low at $0.640 to a day high of $0.739. The price has fallen in 7 of the last 10 days and is down by -8.51% for this period. Volume fell on the last day by -5 million shares and in total, 9 million shares were bought and sold for approximately $6.31 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 very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.16% during the next 3 months and, with a 90% probability hold a price between $0.399 and $0.510 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GEVO Signals & Forecast
There are mixed signals in the stock today. The Gevo stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $0.701. On a fall, the stock will find some support from the short-term average at $0.633. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 16.47%. Further rise is indicated until a new top pivot has been found. 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 Gevo stock
Gevo finds support from accumulated volume at $0.672 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0987 between high and low, or 15.42%. For the last week, the stock has had daily average volatility of 9.44%.
Our recommended stop-loss: $0.676 (-3.48%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (GEVO) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Gevo to open at $0.693, and during the day (based on 14 day Average True Range), to move between $0.642 and $0.760, which gives a possible trading interval of +/-$0.0592 (+/-8.44%) up or down from last closing price. If Gevo takes out the full calculated possible swing range there will be an estimated 16.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.720 (2.75%) than the support at $0.672 (4.12%), 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 Gevo stock A Buy?
Gevo holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.125 Hold/Accumulate Unchanged
Predicted Opening Price for Gevo of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $0.693 ( 1.09%) | $0.701 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GEVO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.792 | 12.99 % | |
| R2 | 0.754 | 7.61 % | ||
| R1 | 0.731 | 4.29 % | ||
| Current price: | 0.701 | |||
| Support | S1 | 0.655 | -6.47 % | |
| S2 | 0.632 | -9.79 % | ||
| S3 | 0.594 | -15.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.791 | 12.90 % | |
| R2 | 0.730 | 4.10 % | ||
| R1 | 0.720 | 2.75 % | ||
| Current price | 0.701 | |||
| Support | S1 | 0.672 | -4.12% | |
| S2 | 0.663 | -5.34% | ||
| S3 | 0.656 | -6.36% |
FAQ
Click here for our free guide on how to buy Gevo Stock.
