Geo Group Inc (The) Stock Forecast
Stronger technical forecast for Geo Group Inc (The) stock price after Friday trading.
(Updated on Apr 19, 2024)
The Geo Group Inc (The) stock price fell by -1.35% on the last day (Friday, 19th Apr 2024) from $14.77 to $14.57. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 4.36% from a day low at $14.44 to a day high of $15.07. The price has fallen in 8 of the last 10 days and is down by -3.76% 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 -274 thousand shares and in total, 2 million shares were bought and sold for approximately $32.46 million.
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 38.23% during the next 3 months and, with a 90% probability hold a price between $19.16 and $22.94 at the end of this 3-month period.
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GEO Signals & Forecast
The Geo Group Inc (The) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $15.11. On a fall, the stock will find some support from the long-term average at approximately $13.84. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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 Monday, April 08, 2024, and so far it has fallen -8.54%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Geo Group Inc (The) stock
On the downside, the stock finds support just below today's level from accumulated volume at $12.23 and $11.79. There is a 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, Geo Group Inc (The) finds support just below today's level at $12.23. If this is broken, then the next support from accumulated volume will be at $11.79 and $11.45.
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 $0.630 between high and low, or 4.36%. For the last week, the stock has had daily average volatility of 3.12%.
Our recommended stop-loss: $13.73 (-5.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (GEO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Geo Group Inc (The) to open at $14.69, and during the day (based on 14 day Average True Range), to move between $14.04 and $15.10, which gives a possible trading interval of +/-$0.531 (+/-3.64%) up or down from last closing price. If Geo Group Inc (The) takes out the full calculated possible swing range there will be an estimated 7.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.74 (1.17%) than the support at $12.23 (16.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Geo Group Inc (The) will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.190. We will update the financials statements for Geo Group Inc (The), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.90% in the first trading day after earnings release.
Is Geo Group Inc (The) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Geo Group Inc (The) 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: 1.276 Buy Candidate Upgraded
Predicted Opening Price for Geo Group Inc (The) of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$14.69 ( 0.85%) | $14.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GEO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.32 | 5.17 % | |
R2 | 15.08 | 3.52 % | ||
R1 | 14.93 | 2.50 % | ||
Current price: | 14.57 | |||
Support | S1 | 14.45 | -0.81 % | |
S2 | 14.30 | -1.83 % | ||
S3 | 14.06 | -3.48 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.92 | 9.27 % | |
R2 | 15.14 | 3.91 % | ||
R1 | 14.74 | 1.17 % | ||
Current price | 14.57 | |||
Support | S1 | 12.23 | -16.06% | |
S2 | 11.79 | -19.08% | ||
S3 | 11.45 | -21.41% |
GEO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 15, 2021 | Jan 22, 2021 | Feb 01, 2021 | $0.250 | 2.78% |
2 | Oct 06, 2020 | Oct 15, 2020 | Oct 23, 2020 | $0.340 | 3.78% |
3 | Jul 07, 2020 | Jul 16, 2020 | Jul 24, 2020 | $0.480 | 4.45% |
4 | Apr 06, 2020 | Apr 16, 2020 | Apr 24, 2020 | $0.480 | 4.10% |
5 | Feb 03, 2020 | Feb 13, 2020 | Feb 21, 2020 | $0.480 | 2.77% |
FAQ
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