Geneva Finance Limited Stock Forecast
Geneva Finance Limited stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 31, 2024)
No changes to the price of Geneva Finance Limited stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 1.92% from a day low at $0.260 to a day high of $0.265. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.60% during the next 3 months and, with a 90% probability hold a price between $0.211 and $0.253 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GFL.NZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has fallen 0%. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Geneva Finance Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $0.275 and $0.273. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Geneva Finance Limited stock
Geneva Finance Limited finds support from accumulated volume at $0.255 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0050 between high and low, or 1.92%. For the last week, the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GFL.NZ) For The Upcoming Trading Day Of Tuesday 4th
For the upcoming trading day on Tuesday, 4th we expect Geneva Finance Limited to open at $0.262, and during the day (based on 14 day Average True Range), to move between $0.254 and $0.266, which gives a possible trading interval of +/-$0.0061 (+/-2.34%) up or down from last closing price. If Geneva Finance Limited takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.255 (1.92%) than the resistance at $0.270 (3.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Geneva Finance Limited stock A Buy?
Geneva Finance 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.527 Sell Candidate Downgraded
Predicted Opening Price for Geneva Finance Limited of Tuesday, June 4, 2024
| Fair opening price June 4, 2024 | Current price |
|---|---|
| $0.262 ( 0.641%) | $0.260 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GFL.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.267 | 2.56 % | |
| R2 | 0.265 | 1.83 % | ||
| R1 | 0.264 | 1.38 % | ||
| Current price: | 0.260 | |||
| Support | S1 | 0.260 | -0.0936 % | |
| S2 | 0.259 | -0.547 % | ||
| S3 | 0.257 | -1.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.290 | 11.54 % | |
| R2 | 0.280 | 7.69 % | ||
| R1 | 0.270 | 3.85 % | ||
| Current price | 0.260 | |||
| Support | S1 | 0.255 | -1.92% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
GFL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 28, 2024 | $0.0100 | 3.39% |
| 2 | Sep 21, 2023 | Sep 21, 2023 | Sep 21, 2023 | $0.0200 | 5.19% |
| 3 | Oct 18, 2022 | Oct 18, 2022 | Oct 18, 2022 | $0.0100 | 2.08% |
| 4 | Jun 14, 2022 | Jun 14, 2022 | Jun 14, 2022 | $0.0275 | 4.58% |
| 5 | Nov 16, 2021 | Nov 16, 2021 | Nov 16, 2021 | $0.0125 | 1.69% |
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