GeeCee Ventures Limited Stock Forecast
Green day on Friday for GeeCee Ventures Limited stock after gaining 1.14%
(Updated on May 17, 2024)
The GeeCee Ventures Limited stock price gained 1.14% on the last trading day (Friday, 17th May 2024), rising from ₹306.70 to ₹310.20. During the last trading day the stock fluctuated 2.58% from a day low at ₹306.00 to a day high of ₹313.90. The price has risen in 6 of the last 10 days but is still down by -2.11% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 17 thousand shares were bought and sold for approximately ₹5.42 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.48% during the next 3 months and, with a 90% probability hold a price between ₹313.32 and ₹369.14 at the end of this 3-month period.
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GEECEE.NS Signals & Forecast
The GeeCee Ventures Limited 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 ₹303.89 and ₹293.75. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, May 06, 2024, and so far it has fallen -2.91%. 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).
Support, Risk & Stop-loss for GeeCee Ventures Limited stock
GeeCee Ventures Limited finds support from accumulated volume at ₹307.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹7.90 between high and low, or 2.58%. For the last week, the stock has had daily average volatility of 4.63%.
Our recommended stop-loss: ₹295.93 (-4.60%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (GEECEE.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect GeeCee Ventures Limited to open at ₹310.03, and during the day (based on 14 day Average True Range), to move between ₹295.43 and ₹324.97, which gives a possible trading interval of +/-₹14.77 (+/-4.76%) up or down from last closing price. If GeeCee Ventures Limited takes out the full calculated possible swing range there will be an estimated 9.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹307.85 (0.76%) than the resistance at ₹313.90 (1.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
GeeCee Ventures Limited will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for GeeCee Ventures Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.76% in the first trading day after earnings release.
Is GeeCee Ventures Limited 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 GeeCee Ventures Limited stock to perform well in the short-term.
Current score: 2.941 Buy Candidate Unchanged
Predicted Opening Price for GeeCee Ventures Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹310.03 ( 0.0537%) | ₹310.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GEECEE.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 317.93 | 2.49 % | |
| R2 | 314.92 | 1.52 % | ||
| R1 | 313.05 | 0.92 % | ||
| Current price: | 310.20 | |||
| Support | S1 | 307.02 | -1.03 % | |
| S2 | 305.15 | -1.63 % | ||
| S3 | 302.13 | -2.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 319.50 | 3.00 % | |
| R2 | 316.90 | 2.16 % | ||
| R1 | 313.90 | 1.19 % | ||
| Current price | 310.20 | |||
| Support | S1 | 307.85 | -0.758% | |
| S2 | 306.20 | -1.29% | ||
| S3 | 296.10 | -4.55% |
GEECEE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 01, 2021 | Sep 01, 2021 | Sep 01, 2021 | ₹1.90 | 1.33% |
| 2 | Oct 13, 2017 | Nov 03, 2017 | Nov 25, 2017 | ₹1.50 | 0.97% |
| 3 | Mar 10, 2016 | Mar 22, 2016 | Mar 31, 2016 | ₹1.50 | 1.45% |
| 4 | May 28, 2015 | Sep 03, 2015 | Oct 15, 2015 | ₹1.50 | 1.80% |
| 5 | May 15, 2014 | Sep 01, 2014 | Sep 01, 2014 | ₹1.50 | 4.11% |
FAQ
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