High volatility in GBX International Group Inc. stock price on Thursday which ended trading at $3.05StockInvest.us, 1 month ago
The GBX International Group Inc. stock price gained 43.87% on the last trading day (Thursday, 28th Oct 2021), rising from $2.12 to $3.05. , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 62.35% from a day low at $2.13 to a day high of $3.45. The price has risen in 6 of the last 10 days, but is still down by -20.16% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 417 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $3.10 million.
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 $1.20 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 33.45% during the next 3 months and, with a 90% probability hold a price between $1.60 and $18.51 at the end of this 3-month period.
There are mixed signals in the stock today. The GBX International Group Inc. 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 $5.86. On a fall, the stock will find some support from the short-term average at $1.74. 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. A sell signal was issued from a pivot top point on Monday, September 27, 2021, and so far it has fallen -75.83%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
On the downside, the stock finds support just below today's level from accumulated volume at $2.86.With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0 may give a huge drop in the stock price.
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 $1.33 between high and low, or 62.35%. For the last week, the stock has had a daily average volatility of 34.87%.
Since the GBX International Group Inc. has been rising for 6 days in a row, the risk over the next couple of days has increased.
GBX International Group Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.Check full GBX International Group Inc. forecast and analysis here.