Gevo Stock Forecast

Gevo stock upgraded to Sell Candidate.
(Updated on Apr 18, 2024)

GEVO Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.0997%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gevo stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.632 and $0.714. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Gevo gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Gevo stock

Gevo finds support from accumulated volume at $0.602 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 $0.0176 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 5.59%.

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

Trading Expectations (GEVO) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Gevo to open at $0.608, and during the day (based on 14 day Average True Range), to move between $0.551 and $0.654, which gives a possible trading interval of +/-$0.0517 (+/-8.59%) up or down from last closing price. If Gevo takes out the full calculated possible swing range there will be an estimated 17.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.602 (0.10%) than the resistance at $0.656 (8.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gevo stock A Buy?

Gevo holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.970 Sell Candidate Upgraded

Predicted Opening Price for Gevo of Friday, April 19, 2024

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