Gemstone Investments Limited Stock Forecast
Red day on Friday for Gemstone Investments Limited stock after losing 1.74%
(Updated on May 17, 2024)
The Gemstone Investments Limited stock price fell by -1.74% on the last day (Friday, 17th May 2024) from ₹1.72 to ₹1.69. It has now fallen 10 days in a row. During the last trading day the stock fluctuated 0% from a day low at ₹1.69 to a day high of ₹1.69. The price has fallen in 10 of the last 10 days and is down by -15.08% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -57 thousand shares and in total, 68 thousand shares were bought and sold for approximately ₹114.34 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹1.63 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 62.73% during the next 3 months and, with a 90% probability hold a price between ₹2.65 and ₹4.27 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GEMSI.BO Signals & Forecast
There are few to no technical positive signals at the moment. The Gemstone Investments Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹1.78 and ₹1.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -23.18%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Gemstone Investments Limited stock
Gemstone Investments Limited finds support from accumulated volume at ₹1.68 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, but be aware of low or falling volume as this increases the risk. 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 0%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GEMSI.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Gemstone Investments Limited to open at ₹1.69, and during the day (based on 14 day Average True Range), to move between ₹1.63 and ₹1.75, which gives a possible trading interval of +/-₹0.0649 (+/-3.84%) up or down from last closing price. If Gemstone Investments Limited takes out the full calculated possible swing range there will be an estimated 7.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹1.68 (0.59%) than the resistance at ₹1.85 (9.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gemstone Investments Limited stock A Buy?
The Gemstone Investments Limited stock holds several negative signals and despite the positive trend, we believe Gemstone Investments Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.235 Sell Candidate Unchanged
Predicted Opening Price for Gemstone Investments Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹1.69 ( 0.00000000%) | ₹1.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GEMSI.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.69 | 0.00000000 % | |
| R2 | 1.69 | 0.00000000 % | ||
| R1 | 1.69 | 0.00000000 % | ||
| Current price: | 1.69 | |||
| Support | S1 | 1.69 | 0.00000000 % | |
| S2 | 1.69 | 0.00000000 % | ||
| S3 | 1.69 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.10 | 24.26 % | |
| R2 | 1.91 | 13.02 % | ||
| R1 | 1.85 | 9.47 % | ||
| Current price | 1.69 | |||
| Support | S1 | 1.68 | -0.592% | |
| S2 | 1.54 | -8.88% | ||
| S3 | 1.29 | -23.67% |
FAQ
Click here for our free guide on how to buy Gemstone Investments Limited Stock.
