Gatekeeper Systems Inc. Stock Forecast
Gatekeeper Systems Inc. stock price ended at $0.513 on Monday, after gaining 1.54%.
(Updated on May 06, 2024)
The Gatekeeper Systems Inc. stock price gained 1.54% on the last trading day (Monday, 6th May 2024), rising from $0.505 to $0.513. During the last trading day the stock fluctuated 2.56% from a day low at $0.500 to a day high of $0.513. The price has fallen in 7 of the last 10 days and is down by -7.44% for this period. Volume fell on the last day by -93 thousand shares and in total, 34 thousand shares were bought and sold for approximately $17.35 thousand. 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 part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.497 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.45% during the next 3 months and, with a 90% probability hold a price between $0.559 and $0.735 at the end of this 3-month period.
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GKPRF Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 3.60%. 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. The Gatekeeper Systems 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 $0.514 and $0.545. A break-up above any of these levels will issue buy signals. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Gatekeeper Systems Inc. stock
Gatekeeper Systems Inc. finds support from accumulated volume at $0.510 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0128 between high and low, or 2.56%. For the last week the stock has had daily average volatility of 5.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GKPRF) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Gatekeeper Systems Inc. to open at $0.509, and during the day (based on 14 day Average True Range), to move between $0.479 and $0.547, which gives a possible trading interval of +/-$0.0341 (+/-6.65%) up or down from last closing price. If Gatekeeper Systems Inc. takes out the full calculated possible swing range there will be an estimated 13.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.510 (0.55%) than the resistance at $0.522 (1.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gatekeeper Systems Inc. stock A Buy?
The Gatekeeper Systems Inc. stock holds several negative signals and despite the positive trend, we believe Gatekeeper Systems Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.670 Sell Candidate Unchanged
Predicted Opening Price for Gatekeeper Systems Inc. of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $0.509 ( 0.83%) | $0.513 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GKPRF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.521 | 1.66 % | |
| R2 | 0.516 | 0.711 % | ||
| R1 | 0.513 | 0.121 % | ||
| Current price: | 0.513 | |||
| Support | S1 | 0.504 | -1.79 % | |
| S2 | 0.501 | -2.37 % | ||
| S3 | 0.496 | -3.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.584 | 13.88 % | |
| R2 | 0.560 | 9.20 % | ||
| R1 | 0.522 | 1.70 % | ||
| Current price | 0.513 | |||
| Support | S1 | 0.510 | -0.546% | |
| S2 | 0.505 | -1.52% | ||
| S3 | 0.482 | -6.02% |
FAQ
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