Gecina Stock Forecast

Red day on Monday for Gecina stock after losing 0%
(Updated on May 20, 2024)

GFC.PA Signals & Forecast

The Gecina 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 101.40€ and 96.10€. 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). 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 Thursday, May 16, 2024, and so far it has fallen -1.07%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.

Support, Risk & Stop-loss for Gecina stock

On the downside, the stock finds support just below today's level from accumulated volume at 93.55€ and 93.20€. 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, Gecina finds support just below today's level at 93.55€. If this is broken, then the next support from accumulated volume will be at 93.20€ and 90.90€.

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 1.30€ between high and low, or 1.28%. For the last week, the stock has had daily average volatility of 1.36%.

The Gecina stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: 97.88€ (-4.04%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 51 days ago.)

Trading Expectations (GFC.PA) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Gecina to open at 102.23€, and during the day (based on 14 day Average True Range), to move between 100.44€ and 103.56€, which gives a possible trading interval of +/-1.56€ (+/-1.53%) up or down from last closing price. If Gecina takes out the full calculated possible swing range there will be an estimated 3.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 102.30€ (0.29%) than the support at 93.55€ (8.28%), 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.

Is Gecina 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 Gecina stock to perform well in the short-term.

Current score: 1.761 Buy Candidate Unchanged

Predicted Opening Price for Gecina of Tuesday, May 21, 2024

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