Generation Income Properties, Inc. Stock Forecast

Generation Income Properties, Inc. stock upgraded to Sell Candidate.
(Updated on Apr 30, 2024)

GIPR Signals & Forecast

There are mixed signals in the stock today. The Generation Income Properties, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.75. On a fall, the stock will find some support from the short-term average at $3.73. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -3.11%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Generation Income Properties, Inc. 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 Generation Income Properties, Inc. stock

Generation Income Properties, Inc. finds support from accumulated volume at $3.63 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 $0.0939 between high and low, or 2.51%. For the last week the stock has had daily average volatility of 2.78%.

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

Trading Expectations (GIPR) For The Upcoming Trading Day Of Wednesday 1st

For the upcoming trading day on Wednesday, 1st we expect Generation Income Properties, Inc. to open at $3.77, and during the day (based on 14 day Average True Range), to move between $3.60 and $3.88, which gives a possible trading interval of +/-$0.135 (+/-3.61%) up or down from last closing price. If Generation Income Properties, Inc. takes out the full calculated possible swing range there will be an estimated 7.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $3.75 (0.27%) than the support at $3.63 (2.94%), 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 Generation Income Properties, Inc. stock A Buy?

Generation Income Properties, Inc. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.226 Sell Candidate Upgraded

Predicted Opening Price for Generation Income Properties, Inc. of Wednesday, May 1, 2024

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