Great Elm Group, Inc. 7.25% Notes Due Stock Forecast

Great Elm Group, Inc. 7.25% Notes Due stock downgraded to Sell Candidate
(Updated on Jun 25, 2024)

GEGGL Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 0.764%. 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 Great Elm Group, Inc. 7.25% Notes Due 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 $22.47 and $22.59. 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). Great Elm Group, Inc. 7.25% Notes Due gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The stock had a Golden Star Signal on Thursday, April 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, February 05, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Great Elm Group, Inc. 7.25% Notes Due stock

Great Elm Group, Inc. 7.25% Notes Due finds support from accumulated volume at $22.40 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 $0.680 between high and low, or 3.05%. For the last week the stock has had daily average volatility of 0.90%.

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

Trading Expectations (GEGGL) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Great Elm Group, Inc. 7.25% Notes Due 2027 to open at $22.55, and during the day (based on 14 day Average True Range), to move between $22.06 and $22.78, which gives a possible trading interval of +/-$0.361 (+/-1.61%) up or down from last closing price. If Great Elm Group, Inc. 7.25% Notes Due 2027 takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.40 (0.09%) than the resistance at $22.50 (0.36%), 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. 7.25% Notes Due 2027 stock A Buy?

The Great Elm Group, Inc. 7.25% Notes Due stock holds several negative signals and despite the positive trend, we believe Great Elm Group, Inc. 7.25% Notes Due will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.317 Sell Candidate Downgraded

Predicted Opening Price for Great Elm Group, Inc. 7.25% Notes Due 2027 of Wednesday, June 26, 2024

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