Genk Logistics/Immo Genk-Zuid Cert.Imm. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Genk Logistics/Immo Genk-Zuid Cert.Imm. stock price ended at 58.90€ on Monday, after gaining 0.0170%.
(Updated on Jul 13, 2020)
The Genk Logistics/Immo Genk-Zuid Cert.Imm. stock price gained 0.0170% on the last trading day (Monday, 13th Jul 2020), rising from 58.89€ to 58.90€. During the last trading day the stock fluctuated 0% from a day low at 58.90€ to a day high of 58.90€. The price has been going up and down for this period, and there has been a 47.25% gain for the last 2 weeks. Volume fell on the last day by -56 shares and in total, 45 shares were bought and sold for approximately 2.65€ thousand. 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 wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 61.23% during the next 3 months and, with a 90% probability hold a price between 83.39€ and 99.49€ 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.
GENK.BB Signals & Forecast
The Genk Logistics/Immo Genk-Zuid Cert.Imm. 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 52.07€ and 46.55€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 20, 2020, and so far it has risen 52.20%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Genk Logistics/Immo Genk-Zuid Cert.Imm. stock
Genk Logistics/Immo Genk-Zuid Cert.Imm. finds support from accumulated volume at 58.89€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 1.41%
Our recommended stop-loss: 56.21€ (-4.57%) (This stock has low daily movements and this gives low risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (GENK.BB) For The Upcoming Trading Day Of Tuesday 14th
With no resistance above and support from accumulated volume @ 58.89€, some 0.0100€ (0.02%) from the current price of 58.90€, our system finds the risk reward attractive.
Is Genk Logistics/Immo Genk-Zuid Cert.Imm. stock A Buy?
Genk Logistics/Immo Genk-Zuid Cert.Imm. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Genk Logistics/Immo Genk-Zuid Cert.Imm. of Tuesday, July 14, 2020
Fair opening price July 14, 2020 | Current price |
---|---|
58.90€ ( 0%) | 58.90€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GENK.BB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 58.90 | . | |
R2 | 58.90 | . | ||
R1 | 58.90 | . | ||
Current price: | 58.90 | |||
Support | S1 | 58.90 | . | |
S2 | 58.90 | . | ||
S3 | 58.90 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 58.90 | |||
Support | S1 | 58.89 | -0.0170% | |
S2 | 55.00 | -6.62% | ||
S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Genk Logistics/Immo Genk-Zuid Cert.Imm. Stock.