Gaiam Stock Forecast

Evaluation of Gaiam stock downgraded after the last trading session.
(Updated on Apr 22, 2024)

GAIA Signals & Forecast

The Gaiam stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.69 and $3.26. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -2.04%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Wednesday, March 13, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Gaiam stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.48 and $2.96. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Gaiam finds support just below today's level at $3.48. If this is broken, then the next support from accumulated volume will be at $2.96 and $2.95.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.303 between high and low, or 8.08%. For the last week the stock has had daily average volatility of 8.31%.

Our recommended stop-loss: $3.67 (-4.59%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (GAIA) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Gaiam to open at $3.88, and during the day (based on 14 day Average True Range), to move between $3.65 and $4.05, which gives a possible trading interval of +/-$0.203 (+/-5.26%) up or down from last closing price. If Gaiam takes out the full calculated possible swing range there will be an estimated 10.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.93 (2.08%) than the support at $3.48 (9.61%), 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 Gaiam stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gaiam stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.319 Buy Candidate Downgraded

Predicted Opening Price for Gaiam of Tuesday, April 23, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.