Gemdale Corporation Stock Forecast
Evaluation of Gemdale Corporation stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Gemdale Corporation stock price fell by -2.02% on the last day (Friday, 28th Jun 2024) from $3.47 to $3.40. During the last trading day the stock fluctuated 6.29% from a day low at $3.34 to a day high of $3.55. The price has fallen in 8 of the last 10 days and is down by -15.63% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -54 million shares and in total, 166 million shares were bought and sold for approximately $565.60 million.
Given the current short-term trend, the stock is expected to rise 10.45% during the next 3 months and, with a 90% probability hold a price between $3.76 and $6.19 at the end of this 3-month period.
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600383.SS Signals & Forecast
There are few to no technical positive signals at the moment. The Gemdale Corporation 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 $3.48 and $4.15. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -36.69%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Gemdale Corporation stock
Gemdale Corporation finds support from accumulated volume at $3.39 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 $0.210 between high and low, or 6.29%. For the last week, the stock has had daily average volatility of 5.22%.
Gemdale Corporation is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600383.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Gemdale Corporation to open at $3.43, and during the day (based on 14 day Average True Range), to move between $3.19 and $3.61, which gives a possible trading interval of +/-$0.206 (+/-6.06%) up or down from last closing price. If Gemdale Corporation takes out the full calculated possible swing range there will be an estimated 12.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.39 (0.29%) than the resistance at $3.93 (15.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gemdale Corporation stock A Buy?
The Gemdale Corporation stock holds several negative signals and despite the positive trend, we believe Gemdale Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.079 Strong Sell Candidate Downgraded
Predicted Opening Price for Gemdale Corporation of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$3.43 ( 0.88%) | $3.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600383.SS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.64 | 7.06% |
R2 | 3.56 | 4.70% |
R1 | 3.51 | 3.24% |
Price | 3.40 | |
S1 | 3.35 | -1.48% |
S2 | 3.30 | -2.93% |
S3 | 3.22 | -5.29% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 4.15 | 22.06% |
R2 | 3.98 | 17.06% |
R1 | 3.93 | 15.59% |
Price | 3.40 | |
S1 | 3.39 | -0.294% |
S2 | 3.29 | -3.24% |
S3 | 3.20 | -5.88% |
600383 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 21, 2024 | Jun 21, 2024 | Jun 21, 2024 | $0.0197 | 0.560% |
2 | Aug 29, 2023 | Aug 29, 2023 | Aug 29, 2023 | $0.136 | 1.70% |
3 | Jul 15, 2022 | Jul 15, 2022 | Jul 15, 2022 | $0.630 | 5.75% |
4 | Jul 09, 2021 | Jul 09, 2021 | Jul 09, 2021 | $0.700 | 6.95% |
5 | Jul 10, 2020 | Jul 10, 2020 | Jul 10, 2020 | $0.670 | 4.39% |
FAQ
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