GFT Technologies SE Stock Forecast
GFT Technologies SE stock price ended at 28.70€ on Friday, after gaining 1.59%.
(Updated on May 03, 2024)
The GFT Technologies SE stock price gained 1.59% on the last trading day (Friday, 3rd May 2024), rising from 28.25€ to 28.70€. During the last trading day the stock fluctuated 1.59% from a day low at 28.35€ to a day high of 28.80€. The price has risen in 6 of the last 10 days and is up by 4.55% over the past 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 17 thousand shares were bought and sold for approximately 490.74€ 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 29.39€ will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.72% during the next 3 months and, with a 90% probability hold a price between 19.76€ and 24.77€ 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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GFT.DE Signals & Forecast
The GFT Technologies SE 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 28.23€ and 27.88€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 11, 2024, and so far it has risen 7.57%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not.
Support, Risk & Stop-loss for GFT Technologies SE stock
GFT Technologies SE finds support from accumulated volume at 27.28€ 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 0.450€ between high and low, or 1.59%. For the last week the stock has had daily average volatility of 2.55%
Our recommended stop-loss: 27.70€ (-3.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (GFT.DE) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect GFT Technologies SE to open at 28.62€, and during the day (based on 14 day Average True Range), to move between 27.91€ and 29.49€, which gives a possible trading interval of +/-0.788€ (+/-2.75%) up or down from last closing price. If GFT Technologies SE takes out the full calculated possible swing range there will be an estimated 5.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 29.05€ (1.22%) than the support at 27.28€ (4.95%), 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
GFT Technologies SE will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for GFT Technologies SE, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.85% in the first trading day after earnings release.
Is GFT Technologies SE stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.222 Buy Candidate Unchanged
Predicted Opening Price for GFT Technologies SE of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
28.62€ ( 0.290%) | 28.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GFT.DE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 29.07 | 1.28 % | |
R2 | 28.89 | 0.679 % | ||
R1 | 28.79 | 0.309 % | ||
Current price: | 28.70 | |||
Support | S1 | 28.44 | -0.89 % | |
S2 | 28.34 | -1.26 % | ||
S3 | 28.17 | -1.86 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 32.24 | 12.33 % | |
R2 | 29.40 | 2.44 % | ||
R1 | 29.05 | 1.22 % | ||
Current price | 28.70 | |||
Support | S1 | 27.28 | -4.95% | |
S2 | 27.20 | -5.23% | ||
S3 | 26.68 | -7.04% |
GFT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 21, 2024 | Jun 21, 2024 | Jun 21, 2024 | 0€ | 0% |
2 | Jun 23, 2023 | Jun 23, 2023 | Jun 23, 2023 | 0.450€ | 1.58% |
3 | Jun 02, 2022 | Jun 02, 2022 | Jun 02, 2022 | 0.350€ | 0.761% |
4 | Jun 11, 2021 | Jun 11, 2021 | Jun 11, 2021 | 0.200€ | 0.93% |
5 | Mar 04, 2020 | Jun 25, 2020 | Jun 29, 2020 | 0.200€ | 1.89% |
FAQ
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