Genesys International Corp Ltd Stock Forecast
Genesys International Corp Ltd stock price ended at ₹502.30 on Monday, after gaining 0.621%.
(Updated on Jun 10, 2024)
The Genesys International Corp Ltd stock price gained 0.621% on the last trading day (Monday, 10th Jun 2024), rising from ₹499.20 to ₹502.30. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 4.05% from a day low at ₹499.85 to a day high of ₹520.10. The price has been going up and down for this period, and there has been a -1.12% loss for the last 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 8 thousand shares were bought and sold for approximately ₹3.92 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and 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 -14.97% during the next 3 months and, with a 90% probability hold a price between ₹372.04 and ₹541.12 at the end of this 3-month period.
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GENESYS.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 12.81%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Genesys International Corp Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹551.27. On a fall, the stock will find some support from the short-term average at ₹489.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Genesys International Corp Ltd stock
Genesys International Corp Ltd finds support from accumulated volume at ₹499.20 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 ₹20.25 between high and low, or 4.05%. For the last week, the stock has had daily average volatility of 9.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GENESYS.BO) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect Genesys International Corporation Limited to open at ₹507.42, and during the day (based on 14 day Average True Range), to move between ₹470.17 and ₹534.43, which gives a possible trading interval of +/-₹32.13 (+/-6.40%) up or down from last closing price. If Genesys International Corporation Limited takes out the full calculated possible swing range there will be an estimated 12.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹499.20 (0.62%) than the resistance at ₹533.35 (6.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Genesys International Corporation Limited stock A Buy?
Genesys International Corp Ltd 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: -2.326 Sell Candidate Unchanged
Predicted Opening Price for Genesys International Corporation Limited of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| ₹507.42 ( 1.02%) | ₹502.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GENESYS.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 527.67 | 5.05% |
| R2 | 519.93 | 3.51% |
| R1 | 515.15 | 2.56% |
| Price | 502.30 | |
| S1 | 499.68 | -0.521% |
| S2 | 494.90 | -1.47% |
| S3 | 487.17 | -3.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 568.75 | 13.23% |
| R2 | 542.95 | 8.09% |
| R1 | 533.35 | 6.18% |
| Price | 502.30 | |
| S1 | 499.20 | -0.617% |
| S2 | 491.45 | -2.16% |
| S3 | 445.25 | -11.36% |
GENESYS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 18, 2019 | Sep 18, 2019 | Oct 26, 2019 | ₹0.125 | 0.192% |
| 2 | Sep 19, 2017 | Sep 19, 2017 | Oct 28, 2017 | ₹0.125 | 0.0337% |
| 3 | Sep 21, 2016 | Sep 21, 2016 | Sep 21, 2016 | ₹0.125 | 0.180% |
| 4 | Sep 18, 2015 | Sep 18, 2015 | Sep 18, 2015 | ₹0.125 | 0.245% |
| 5 | Sep 18, 2014 | Sep 18, 2014 | Sep 18, 2014 | ₹0.125 | 0.178% |
FAQ
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