Genpact Limited Stock Forecast
Genpact Limited stock price ended at $32.76 on Wednesday, after gaining 1.39%.
(Updated on Mar 27, 2024)
The Genpact Limited stock price gained 1.39% on the last trading day (Wednesday, 27th Mar 2024), rising from $32.31 to $32.76. 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 1.22% from a day low at $32.44 to a day high of $32.83. The price has been going up and down for this period, and there has been a -3.05% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 395 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $61.69 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 -5.05% during the next 3 months and, with a 90% probability hold a price between $30.18 and $33.79 at the end of this 3-month period.
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G Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 2.76%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Genpact Limited 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 $34.47. On a fall, the stock will find some support from the short-term average at $32.73. 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).
Support, Risk & Stop-loss for Genpact Limited stock
Genpact Limited finds support from accumulated volume at $32.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.395 (1.22%) between high and low. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (G) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Genpact Limited to open at $32.68, and during the day (based on 14 day Average True Range), to move between $32.09 and $33.43, which gives a possible trading interval of +/-$0.671 (+/-2.05%) up or down from last closing price. If Genpact Limited takes out the full calculated possible swing range there will be an estimated 4.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $32.67 (0.27%) than the resistance at $34.00 (3.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Genpact Limited stock A Buy?
Genpact Limited 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.
Current score: -1.100 Sell Candidate Unchanged
Predicted Opening Price for Genpact Limited of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$32.68 ( 0.259%) | $32.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for G
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 33.07 | 0.95 % | |
R2 | 32.92 | 0.486 % | ||
R1 | 32.83 | 0.201 % | ||
Current price: | 32.76 | |||
Support | S1 | 32.52 | -0.720 % | |
S2 | 32.43 | -1.00 % | ||
S3 | 32.28 | -1.47 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 36.40 | 11.11 % | |
R2 | 35.08 | 7.08 % | ||
R1 | 34.00 | 3.79 % | ||
Current price | 32.76 | |||
Support | S1 | 32.67 | -0.275% | |
S2 | 32.31 | -1.37% | ||
S3 | 31.88 | -2.69% |
G Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 08, 2024 | Mar 08, 2024 | Mar 26, 2024 | $0.153 | 0.472% |
2 | Oct 26, 2023 | Dec 07, 2023 | Dec 22, 2023 | $0.138 | 0.398% |
3 | Jul 13, 2023 | Sep 07, 2023 | Sep 26, 2023 | $0.138 | 0.378% |
4 | May 04, 2023 | Jun 08, 2023 | Jun 26, 2023 | $0.138 | 0.378% |
5 | Feb 09, 2023 | Mar 09, 2023 | Mar 24, 2023 | $0.138 | 0.306% |
FAQ
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