Gcm Grosvenor Inc. Stock Forecast

Gcm Grosvenor Inc. stock price ended at $0.435 on Wednesday, after losing 0%.
(Updated on Jun 26, 2024)

GCMGW Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 0.90%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gcm Grosvenor Inc. 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 $0.459 and $0.497. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Gcm Grosvenor Inc. stock

Gcm Grosvenor Inc. finds support from accumulated volume at $0.426 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 5.57%

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

Trading Expectations (GCMGW) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect Gcm Grosvenor Inc. to open at $0.435, and during the day (based on 14 day Average True Range), to move between $0.382 and $0.488, which gives a possible trading interval of +/-$0.0534 (+/-12.28%) up or down from last closing price. If Gcm Grosvenor Inc. takes out the full calculated possible swing range there will be an estimated 24.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.440 (1.15%) than the support at $0.426 (2.09%), 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 Gcm Grosvenor Inc. stock A Buy?

The Gcm Grosvenor Inc. stock holds several negative signals and despite the positive trend, we believe Gcm Grosvenor Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -3.239 Sell Candidate Unchanged

Predicted Opening Price for Gcm Grosvenor Inc. of Thursday, June 27, 2024

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