Genesys International Corp Ltd Stock Forecast
Volatile ride for Genesys International Corp Ltd stock price on Thursday moving between ₹550.10 and ₹620.00
(Updated on Jun 27, 2024)
The Genesys International Corp Ltd stock price gained 5.19% on the last trading day (Thursday, 27th Jun 2024), rising from ₹566.25 to ₹595.65. During the last trading day the stock fluctuated 12.71% from a day low at ₹550.10 to a day high of ₹620.00. The price has risen in 6 of the last 10 days and is up by 21.31% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 816 thousand more shares were traded than the day before. In total, 923 thousand shares were bought and sold for approximately ₹549.86 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₹602.22 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -19.18% during the next 3 months and, with a 90% probability hold a price between ₹330.77 and ₹486.74 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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GENESYS.NS Signals & Forecast
The Genesys International Corp Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹589.06 and ₹536.07. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -2.63%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Genesys International Corp Ltd stock
Genesys International Corp Ltd finds support from accumulated volume at ₹591.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹69.90 between high and low, or 12.71%. For the last week, the stock has had daily average volatility of 6.99%.
Our recommended stop-loss: ₹573.31 (-3.75%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (GENESYS.NS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Genesys International Corporation Limited to open at ₹588.58, and during the day (based on 14 day Average True Range), to move between ₹559.90 and ₹631.40, which gives a possible trading interval of +/-₹35.75 (+/-6.00%) 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 12.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹591.45 (0.71%) than the resistance at ₹610.35 (2.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Genesys International Corporation Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.665 Buy Candidate Upgraded
Predicted Opening Price for Genesys International Corporation Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₹588.58 ( 1.19%) | ₹595.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GENESYS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 658.48 | 10.55% |
| R2 | 631.78 | 6.07% |
| R1 | 615.29 | 3.30% |
| Price | 595.65 | |
| S1 | 561.88 | -5.67% |
| S2 | 545.39 | -8.44% |
| S3 | 518.68 | -12.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 716.15 | 20.23% |
| R2 | 697.25 | 17.06% |
| R1 | 610.35 | 2.47% |
| Price | 595.65 | |
| S1 | 591.45 | -0.705% |
| S2 | 567.75 | -4.68% |
| S3 | 551.40 | -7.43% |
GENESYS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2019 | Sep 18, 2019 | Oct 26, 2019 | ₹0.125 | 0.190% |
| 2 | May 30, 2018 | Sep 18, 2018 | Oct 27, 2018 | ₹0.125 | 0.0867% |
| 3 | May 30, 2017 | Sep 19, 2017 | Oct 28, 2017 | ₹0.130 | 0.0351% |
| 4 | May 30, 2016 | Sep 21, 2016 | Oct 30, 2016 | ₹0.125 | 0.125% |
| 5 | Jun 01, 2015 | Sep 18, 2015 | Oct 29, 2015 | ₹0.130 | 0.166% |
FAQ
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