GAMI World USD Stock Forecast
GAMI World USD stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The GAMI World USD stock price fell by -0.0904% on the last day (Friday, 28th Jun 2024) from $0.0851 to $0.0851. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0.470% from a day low at $0.0849 to a day high of $0.0853. The price has fallen in 7 of the last 10 days and is down by -0.1% for this period. Volume has increased on the last day by 10 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, 194 thousand shares were bought and sold for approximately $16.50 thousand.
Given the current short-term trend, the stock is expected to fall -48.99% during the next 3 months and, with a 90% probability hold a price between $0.0301 and $0.0434 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GAMIUSD Signals & Forecast
A buy signal was issued from a pivot bottom point on Saturday, June 01, 2024, and so far it has risen 2.15%. 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 GAMI World USD 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 $0.0852 and $0.0856. A break-up above any of these levels will issue buy signals. GAMI World USD gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for GAMI World USD stock
GAMI World USD finds support from accumulated volume at $0.0834 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 $0.0004 between high and low, or 0.470%. For the last week the stock has had daily average volatility of 0.363%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GAMIUSD) For The Upcoming Trading Day Of Saturday 29th
For the upcoming trading day on Saturday, 29th we expect GAMI World USD to open at $0.0851, and during the day (based on 14 day Average True Range), to move between $0.0842 and $0.0859, which gives a possible trading interval of +/-$0.0009 (+/-1.02%) up or down from last closing price. If GAMI World USD takes out the full calculated possible swing range there will be an estimated 2.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0834 (1.90%) than the resistance at $0.0941 (10.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GAMI World USD stock A Buy?
GAMI World USD holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Hold/Accumulate to a Sell candidate.
Current score: -1.006 Sell Candidate Downgraded
Predicted Opening Price for GAMI World USD of Saturday, June 29, 2024
| Fair opening price June 29, 2024 | Current price |
|---|---|
| $0.0851 ( 0.0631%) | $0.0851 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAMIUSD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0855 | 0.532% |
| R2 | 0.0854 | 0.353% |
| R1 | 0.0853 | 0.242% |
| Price | 0.0851 | |
| S1 | 0.0850 | -0.116% |
| S2 | 0.0849 | -0.227% |
| S3 | 0.0847 | -0.406% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0943 | 10.87% |
| R2 | 0.0941 | 10.65% |
| R1 | 0.0941 | 10.63% |
| Price | 0.0851 | |
| S1 | 0.0834 | -1.90% |
| S2 | 0.0834 | -1.93% |
| S3 | 0.0833 | -2.10% |
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