Generation Income Properties, Inc. Stock Forecast

Generation Income Properties, Inc. stock price up 0.93% on Tuesday
(Updated on May 14, 2024)

GIPR Signals & Forecast

The Generation Income Properties, Inc. 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 $4.05 and $3.82. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 27, 2024, and so far it has risen 44.52%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. The stock had a Golden Star Signal on Wednesday, May 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, May 03, 2024.

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 Generation Income Properties, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $3.79 and $3.63. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Generation Income Properties, Inc. finds support just below today's level at $3.79. If this is broken, then the next support from accumulated volume will be at $3.63 and $3.38.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.355 between high and low, or 8.76%. For the last week the stock has had daily average volatility of 4.46%.

The Generation Income Properties, Inc. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the Generation Income Properties, Inc. has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $4.23 (-2.74%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 54 days ago.)

Trading Expectations (GIPR) For The Upcoming Trading Day Of Wednesday 15th

For the upcoming trading day on Wednesday, 15th we expect Generation Income Properties, Inc. to open at $4.27, and during the day (based on 14 day Average True Range), to move between $4.20 and $4.50, which gives a possible trading interval of +/-$0.147 (+/-3.39%) 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 6.78% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $3.79, some $0.560 (12.87%) from the current price of $4.35, our system finds the risk reward attractive.

Is Generation Income Properties, Inc. stock A Buy?

Generation Income Properties, Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 6.246 Strong Buy Candidate Unchanged

Predicted Opening Price for Generation Income Properties, Inc. of Wednesday, May 15, 2024

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