Great Elm Group, Inc. Stock Forecast
Red day on Tuesday for Great Elm Group, Inc.
(Updated on Jun 25, 2024)
No changes to the price of Great Elm Group, Inc. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0.575% from a day low at $1.74 to a day high of $1.75. The price has fallen in 4 of the last 10 days but is still up by 1.16% over the past 2 weeks.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.90% during the next 3 months and, with a 90% probability hold a price between $1.53 and $1.63 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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GEG Signals & Forecast
There are mixed signals in the stock today. The Great Elm Group, 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 $1.78 and $1.79. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 1.16%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Great Elm Group, Inc. stock
Great Elm Group, Inc. finds support from accumulated volume at $1.74 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 $0.0100 between high and low, or 0.575%. For the last week the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GEG) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Great Elm Group, Inc. to open at $1.75, and during the day (based on 14 day Average True Range), to move between $1.71 and $1.79, which gives a possible trading interval of +/-$0.0415 (+/-2.37%) up or down from last closing price. If Great Elm Group, Inc. takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.74 (0.57%) than the resistance at $1.78 (1.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Great Elm Group, Inc. stock A Buy?
Great Elm Group, Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.542 Sell Candidate Unchanged
Predicted Opening Price for Great Elm Group, Inc. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $1.75 ( 0.190%) | $1.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GEG
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.76 | 0.381% |
| R2 | 1.75 | 0.163% |
| R1 | 1.75 | 0.0278% |
| Price | 1.75 | |
| S1 | 1.74 | -0.409% |
| S2 | 1.74 | -0.544% |
| S3 | 1.74 | -0.762% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.82 | 4.00% |
| R2 | 1.80 | 2.86% |
| R1 | 1.78 | 1.71% |
| Price | 1.75 | |
| S1 | 1.74 | -0.571% |
| S2 | 1.73 | -1.14% |
| S3 | 0 | - |
GEG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2007 | Jun 13, 2007 | Jul 02, 2007 | $14.40 | 4.92% |
FAQ
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