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Genius Sports Limited Stock Forecast NYSE:GENI

$8.83 (6.39%)

Volume: 3M

Closed: Dec 08, 2021

Hollow Logo Score: -2.395

Genius Sports Limited Stock Forecast

$8.83 (6.39%)

Volume: 3M

Closed: Dec 08, 2021

Score Hollow Logo -2.395
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ] RSI14 is 12 and the stock is extremely oversold on RSI14 and is now having a minor correction up. Further gains in the short-term can be expected, and some stocks will provide a very good short-term return from this kind of RSI position unless there is a fundamental risk for bankruptcy or other issues that may affect the stock negatively.

Big movements in Genius Sports Limited stock price on Wednesday moving 11.15% between high and low
(Updated on Dec 08, 2021)


Sell candidate since 2021-12-08

The Genius Sports Limited stock price gained 6.39% on the last trading day (Wednesday, 8th Dec 2021), rising from $8.30 to $8.83. , and has now gained 3 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 day the stock fluctuated 11.15% from a day low at $8.21 to a day high of $9.12. The price has fallen in 6 of the last 10 days and is down by -13.35% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 906 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $27.27 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $7.91 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -40.62% during the next 3 months and, with a 90% probability hold a price between $4.70 and $9.20 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, December 06, 2021, and so far it has risen 7.03%. Further rise is indicated until a new top pivot has been found. 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. The Genius Sports Limited 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 $14.71. On a fall, the stock will find some support from the short-term average at $8.72. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $8.31 and $8.30. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Genius Sports Limited finds support just below today's level at $8.31. If this is broken, then the next support from accumulated volume will be at $8.30 and $8.25.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.91 between high and low, or 11.15%. For the last week, the stock has had a daily average volatility of 8.87%.

Genius Sports Limited is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Is Genius Sports Limited stock A Buy?

Genius Sports Limited 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: -2.395

Predicted Opening Price for Genius Sports Limited of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$8.72 $8.83 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Dec 01, 2021 "Citigroup" gave "$22.00 - $13.00" rating for GENI. The price target was changed from $8.85 to 6.9%.

Volatility and Risk
Daily Average Volatility: 8.87 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.87 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $9.51
Price: $8.83
Support: $8.31

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 9.63 9.09 %
9.28 5.14 %
9.07 2.69 %
Current price: 8.83
Support 8.37 -5.22 %
8.15 -7.66 %
7.80 -11.62 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 10.19 15.40 %
9.91 12.23 %
9.51 7.70 %
Current price 8.83
Support 8.31 -5.89%
8.30 -6.00%
8.25 -6.57%

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