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: -4.904Sell 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|
Remember To Visit Our YouTube Channel
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%.
GAN Insider Trading
|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|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 100 000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.