Gaming Innovation Group Inc Stock Forecast
Gaming Innovation Group Inc stock price ended at kr29.70 on Monday, after gaining 1.02%.
(Updated on Jun 17, 2024)
The Gaming Innovation Group Inc stock price gained 1.02% on the last trading day (Monday, 17th Jun 2024), rising from kr29.40 to kr29.70. During the last trading day the stock fluctuated 3.13% from a day low at kr28.80 to a day high of kr29.70. The price has been going up and down for this period, and there has been a -7.19% loss for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 77 thousand shares were bought and sold for approximately kr2.27 million. 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 of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr29.34 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.15% during the next 3 months and, with a 90% probability hold a price between kr26.66 and kr29.54 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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GIG.OL Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.02%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gaming Innovation Group Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr31.19 and kr31.88. A break-up above any of these levels will issue buy signals. The stock had a Golden Star Signal on Friday, November 03, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, November 03, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Gaming Innovation Group Inc stock
Gaming Innovation Group Inc finds support from accumulated volume at kr29.40 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 kr0.90 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GIG.OL) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Gaming Innovation Group Inc to open at kr29.40, and during the day (based on 14 day Average True Range), to move between kr28.88 and kr30.52, which gives a possible trading interval of +/-kr0.82 (+/-2.76%) up or down from last closing price. If Gaming Innovation Group Inc takes out the full calculated possible swing range there will be an estimated 5.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr29.40 (1.01%) than the resistance at kr31.05 (4.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gaming Innovation Group Inc stock A Buy?
Gaming Innovation Group Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.489 Sell Candidate Unchanged
Predicted Opening Price for Gaming Innovation Group Inc of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| kr29.40 ( 1.01%) | kr29.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GIG.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 30.30 | 2.02% |
| R2 | 29.96 | 0.86% |
| R1 | 29.74 | 0.147% |
| Price | 29.70 | |
| S1 | 29.06 | -2.17% |
| S2 | 28.84 | -2.88% |
| S3 | 28.50 | -4.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.20 | 15.15% |
| R2 | 31.90 | 7.41% |
| R1 | 31.05 | 4.55% |
| Price | 29.70 | |
| S1 | 29.40 | -1.01% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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