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GAN Limited Stock Forecast NASDAQ:GAN

$6.95 (-1.70%)

Volume: 510k

Closed: Jan 19, 2022

Hollow Logo Score: -4.904

GAN Limited Stock Forecast

$6.95 (-1.70%)

Volume: 510k

Closed: Jan 19, 2022

Score Hollow Logo -4.904
Which way will GAN go? Request
Key Stats
Beta 1.92
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The GAN Limited stock currently holds an RSI14 at 21 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

GAN Limited stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on Jan 19, 2022)


Sell candidate since 2021-11-12 Loss -48.90% PDF

The GAN Limited stock price fell by -1.70% on the last day (Wednesday, 19th Jan 2022) from $7.07 to $6.95. and has now fallen 6 days in a row. During the day the stock fluctuated 6.02% from a day low at $6.94 to a day high of $7.35. The price has fallen in 8 of the last 10 days and is down by -23.29% 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 -364 thousand shares and in total, 510 thousand shares were bought and sold for approximately $3.54 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $7.15 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -54.73% during the next 3 months and, with a 90% probability hold a price between $2.19 and $3.24 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.

Signals & Forecast

There are few to no technical positive signals at the moment. The GAN Limited 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 $7.73 and $8.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, December 23, 2021, and so far it has fallen -27.00%. 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

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.42 between high and low, or 6.02%. For the last week, the stock has had a daily average volatility of 6.95%.

GAN Limited is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is GAN Limited stock A Buy?

GAN Limited 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.904

Sell Candidate Upgraded

Insiders are positive buying more shares than they are selling in GAN Limited

In the last 67 trades there were 1.27 million shares bought and 595.69 thousand shares sold. The last trade was done 31 days ago by Tiscareno Sylvia who bough 20 thousand shares. The large amount of stocks bought compared to stocks sold indicate that the insiders believe there is a potential good upside. In some cases larger purchases can be explained by due date for stock options.

Predicted Opening Price for GAN Limited of Thursday, January 20, 2022

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

Fair opening price January 20, 2022 Current price
$7.08 $6.95 (Undervalued)

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Analyst Ratings

On Jan 04, 2022 "Craig Hallum" gave "$18.00 - $14.00" rating for GAN. The price target was changed from $8.95 to 3.2%.

Volatility and Risk
Daily Average Volatility: 6.95 %
Overall Risk: Very High High Medium Low Very Low
Volatility
6.95 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $7.62
Price: $6.95
No Support Found

GAN Insider Trading Show all Trades

INSIDER POWER

27.732

Last 67 transactions
Buy: 1 265 242 | Sell: 595 692 (Shares)
Date Action Amount Person Type
Dec 21, 2021 Buy 20 000 Tiscareno Sylvia Restricted Stock Units
Nov 27, 2021 Buy 41 970 Ryan Donald Richard Restricted Stock Units
Nov 27, 2021 Buy 62 950 Smurfit Dermot S. Restricted Stock Units
Nov 27, 2021 Buy 43 020 Flores Karen Restricted Stock Units
Nov 22, 2021 Buy 10 000 Karlsen Glenn Anders Ordinary Shares
Show all Insider Trades
INSIDER POWER

27.732

Last 67 transactions
Buy: 1 265 242 | Sell: 595 692 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 7.50 7.86 %
7.34 5.57 %
7.24 4.15 %
Current price: 6.95
Support 6.92 -0.44 %
6.82 -1.85 %
6.66 -4.15 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 8.52 22.59 %
8.24 18.56 %
7.62 9.64 %
Current price 6.95
Support 0 .
0 .
0 .

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