Genesis Electronics Group, Inc. Stock Forecast

Big movements in Genesis Electronics Group, Inc. stock price on Thursday moving 50.00% between high and low
(Updated on May 09, 2024)

GEGI Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 11.11%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Genesis Electronics 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 $0.0005 and $0.0005. 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).

Support, Risk & Stop-loss for Genesis Electronics Group, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0005 and $0.0004. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.0004 may give a huge drop in the stock price.

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 $0.0002 between high and low, or 50.00%. For the last week, the stock has had daily average volatility of 34.00%.

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

Trading Expectations (GEGI) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Genesis Electronics Group, Inc. to open at $0.0005, and during the day (based on 14 day Average True Range), to move between $0.0004 and $0.0006, which gives a possible trading interval of +/-$0.0001 (+/-25.54%) up or down from last closing price. If Genesis Electronics Group, Inc. takes out the full calculated possible swing range there will be an estimated 51.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0005 (8.00%) than the support at $0.0005 (10.00%), 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 Genesis Electronics Group, Inc. stock A Buy?

Genesis Electronics Group, Inc. 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.

Current score: -3.270 Sell Candidate Unchanged

Predicted Opening Price for Genesis Electronics Group, Inc. of Friday, May 10, 2024

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