Gentherm Inc Stock Forecast
Red day on Friday for Gentherm Inc stock after losing 1.64%
(Updated on May 10, 2024)
The Gentherm Inc stock price fell by -1.64% on the last day (Friday, 10th May 2024) from $51.37 to $50.53. During the last trading day the stock fluctuated 2.61% from a day low at $50.30 to a day high of $51.61. The price has fallen in 7 of the last 10 days and is down by -0.12% for this period. Volume has increased on the last day by 11 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 91 thousand shares were bought and sold for approximately $4.62 million.
The stock lies in the middle of a 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 -6.76% during the next 3 months and, with a 90% probability hold a price between $45.61 and $51.78 at the end of this 3-month period.
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THRM Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 1.40%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gentherm Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $51.15 and $52.64. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Gentherm Inc stock
Gentherm Inc finds support from accumulated volume at $49.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.32 between high and low, or 2.61%. For the last week the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: $48.14 (-4.73%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (THRM) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Gentherm Inc to open at $50.81, and during the day (based on 14 day Average True Range), to move between $48.87 and $52.19, which gives a possible trading interval of +/-$1.66 (+/-3.29%) up or down from last closing price. If Gentherm Inc takes out the full calculated possible swing range there will be an estimated 6.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $50.57 (0.08%) than the support at $49.99 (1.07%), 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 Gentherm Inc stock A Buy?
Gentherm Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.983 Hold/Accumulate Unchanged
Predicted Opening Price for Gentherm Inc of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $50.81 ( 0.557%) | $50.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THRM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.13 | 3.16 % | |
| R2 | 51.62 | 2.17 % | ||
| R1 | 51.31 | 1.55 % | ||
| Current price: | 50.53 | |||
| Support | S1 | 50.31 | -0.437 % | |
| S2 | 50.00 | -1.05 % | ||
| S3 | 49.50 | -2.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.18 | 17.12 % | |
| R2 | 58.37 | 15.52 % | ||
| R1 | 50.57 | 0.0792 % | ||
| Current price | 50.53 | |||
| Support | S1 | 49.99 | -1.07% | |
| S2 | 48.45 | -4.12% | ||
| S3 | 48.25 | -4.51% |
FAQ
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