Generation Income Properties, Inc. Stock Forecast
Generation Income Properties, Inc. stock price ended at $0.300 on Monday, after losing 0%.
(Updated on Jun 24, 2024)
No changes to the price of Generation Income Properties, Inc. stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.300 to a day high of $0.300. The price has been going up and down for this period, and there has been a -24.62% loss for the last 2 weeks.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $0.255 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Generation Income Properties, Inc. stock with a 90% probability to be traded between $0.258 and $0.508 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GIPRW Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Generation Income Properties, 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 $0.300 and $0.343. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 $0.263 and $0.261. 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 $0.263. If this is broken, then the next support from accumulated volume will be at $0.261 and $0.260.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0%.
Our recommended stop-loss: $0.282 (-5.96%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (GIPRW) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Generation Income Properties, Inc. to open at $0.300, and during the day (based on 14 day Average True Range), to move between $0.240 and $0.360, which gives a possible trading interval of +/-$0.0602 (+/-20.05%) 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 40.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.263 (12.27%) than the resistance at $0.340 (13.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Generation Income Properties, Inc. stock A Buy?
Generation Income Properties, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Generation Income Properties, Inc. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $0.300 ( 0%) | $0.300 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GIPRW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.300 | - |
| R2 | 0.300 | - |
| R1 | 0.300 | - |
| Price | 0.300 | |
| S1 | 0.300 | - |
| S2 | 0.300 | - |
| S3 | 0.300 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.363 | 20.97% |
| R2 | 0.357 | 19.07% |
| R1 | 0.340 | 13.33% |
| Price | 0.300 | |
| S1 | 0.263 | -12.27% |
| S2 | 0.261 | -13.00% |
| S3 | 0.260 | -13.23% |
FAQ
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