RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GIFI
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A very strong day for Gulf Island Fabrication stock price on Friday
(Updated on Jul 12, 2024)

Buy candidate since Jul 12, 2024 PDF

The Gulf Island Fabrication stock price gained 5.80% on the last trading day (Friday, 12th Jul 2024), rising from $6.21 to $6.57. During the last trading day the stock fluctuated 4.78% from a day low at $6.27 to a day high of $6.57. The price has fallen in 6 of the last 10 days but is still up by 7.7% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 32 thousand shares were bought and sold for approximately $211.42 thousand.

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 -9.01% during the next 3 months and, with a 90% probability hold a price between $5.43 and $6.22 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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GIFI Signals & Forecast

Mostly positive signals in the chart today. The Gulf Island Fabrication stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $6.30 and $6.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 8.24%. 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). Gulf Island Fabrication has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Gulf Island Fabrication stock

Gulf Island Fabrication finds support from accumulated volume at $6.52 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.300 between high and low, or 4.78%. For the last week the stock has had daily average volatility of 4.40%.

Our recommended stop-loss: $6.32 (-3.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 51 days ago.)

Trading Expectations (GIFI) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Gulf Island Fabrication to open at $6.47, and during the day (based on 14 day Average True Range), to move between $6.31 and $6.83, which gives a possible trading interval of +/-$0.265 (+/-4.03%) up or down from last closing price. If Gulf Island Fabrication takes out the full calculated possible swing range there will be an estimated 8.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.52 (0.76%) than the resistance at $6.68 (1.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gulf Island Fabrication 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 2.578 Buy Candidate Upgraded

Predicted Opening Price for Gulf Island Fabrication of Monday, July 15, 2024

Fair opening price July 15, 2024 Current price
$6.47 ( 1.52%) $6.57

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

Trading levels for GIFI

Fibonacci Support & Resistance Levels

Level Price
R3 6.77 3.04%
R2 6.66 1.30%
R1 6.58 0.222%
Price 6.57
S1 6.36 -3.27%
S2 6.28 -4.34%
S3 6.17 -6.09%

Accumulated Volume Support & Resistance Levels

Level Price
R3 7.33 11.57%
R2 7.01 6.70%
R1 6.68 1.67%
Price 6.57
S1 6.52 -0.761%
S2 6.39 -2.74%
S3 6.21 -5.48%

GIFI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Oct 26, 2017 Nov 09, 2017 Nov 24, 2017 $0.0100 0.0778%
2 Jul 31, 2017 Aug 08, 2017 Aug 24, 2017 $0.0100 0.0922%
3 Apr 26, 2017 May 09, 2017 May 25, 2017 $0.0100 0.110%
4 Feb 25, 2017 Mar 08, 2017 Mar 24, 2017 $0.0100 0.0976%
5 Oct 27, 2016 Nov 08, 2016 Nov 23, 2016 $0.0100 0.0939%

FAQ

What is the symbol for Gulf Island Fabrication Stock and on which exchange is it traded?
The symbol for Gulf Island Fabrication is GIFI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Gulf Island Fabrication Stock?
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Gulf Island Fabrication Stock?
Gulf Island Fabrication Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Gulf Island Fabrication Stock.

What's the current price of Gulf Island Fabrication Stock?
As of the end of day on the Jul 12, 2024, the price of an Gulf Island Fabrication (GIFI) share was $6.57.

What is the 52-week high and low for Gulf Island Fabrication Stock?
The 52-week high for Gulf Island Fabrication Stock is $7.93 and the 52-week low is $3.13.

What is the market capitalization of Gulf Island Fabrication Stock?
As of the Jul 12, 2024, the market capitalization of Gulf Island Fabrication is 102.417M.

When is the next earnings date for Gulf Island Fabrication?
The upcoming earnings date for Gulf Island Fabrication is Aug 13, 2024.
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About Gulf Island Fabrication

Gulf Island Fabrication Gulf Island Fabrication, Inc., together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. The company fabricates modules, skids, and piping systems for onshore refining, petrochemical, liquified natural gas (LNG), industrial, and offshore facilities; foundations, secondary steel components, and support structures for alternative energy developments and coastal mooring facilities; offshore produc... GIFI Profile

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