Gulf Island Fabrication Stock Forecast

Sell candidate since Jan 14, 2025 Gain 2.19%

The Gulf Island Fabrication stock price gained 2.19% on the last trading day (Wednesday, 15th Jan 2025), rising from $6.86 to $7.01. During the last trading day the stock fluctuated 3.06% from a day low at $6.87 to a day high of $7.08. The price has risen in 6 of the last 10 days and is up by 3.7% over the past 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 32 thousand shares were bought and sold for approximately $224.01 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 in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.82 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 28.08% during the next 3 months and, with a 90% probability hold a price between $8.74 and $10.10 at the end of this 3-month period.

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GIFI Signals & Forecast

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. The Gulf Island Fabrication 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 $7.12 and $7.02. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, December 16, 2024, and so far it has fallen -4.63%. Further fall is indicated until a new bottom pivot has been found. 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 Gulf Island Fabrication stock

Gulf Island Fabrication finds support from accumulated volume at $6.96 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 controlled movements and therefore the general risk is considered 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 $0.210 between high and low, or 3.06%. For the last week the stock has had daily average volatility of 3.66%.

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

Trading Expectations (GIFI) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect Gulf Island Fabrication to open at $6.99, and during the day (based on 14 day Average True Range), to move between $6.74 and $7.28, which gives a possible trading interval of +/-$0.275 (+/-3.92%) up or down from last closing price. If Gulf Island Fabrication takes out the full calculated possible swing range there will be an estimated 7.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $7.06 (0.71%) than the support at $6.96 (0.71%), 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 Gulf Island Fabrication stock A Buy?

The Gulf Island Fabrication stock holds several negative signals and despite the positive trend, we believe Gulf Island Fabrication will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.464 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on January 16, 2025 - $6.99 ( 0.333%).