Genomtec S.a. Stock Forecast
Stronger technical forecast for Genomtec S.a. stock price after Tuesday trading.
(Updated on Jun 18, 2024)
The Genomtec S.a. stock price gained 4.29% on the last trading day (Tuesday, 18th Jun 2024), rising from 11.20zł to 11.68zł. During the last trading day the stock fluctuated 7.79% from a day low at 11.04zł to a day high of 11.90zł. The price has been going up and down for this period, and there has been a 2.82% gain for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 9 thousand shares were bought and sold for approximately 102.01zł 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 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 11.19zł is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.20% during the next 3 months and, with a 90% probability hold a price between 10.95zł and 13.38zł at the end of this 3-month period.
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GMT.WA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 4.29%. 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 Genomtec S.a. 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 12.00zł. On a fall, the stock will find some support from the short-term average at 11.45zł. 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. 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.
Support, Risk & Stop-loss for Genomtec S.a. stock
Genomtec S.a. finds support from accumulated volume at 11.50zł 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.86zł between high and low, or 7.79%. For the last week the stock has had daily average volatility of 4.43%.
Our recommended stop-loss: 11.27zł (-3.53%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 43 days ago.)
Trading Expectations (GMT.WA) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Genomtec S.a. to open at 11.54zł, and during the day (based on 14 day Average True Range), to move between 11.17zł and 12.19zł, which gives a possible trading interval of +/-0.510zł (+/-4.37%) up or down from last closing price. If Genomtec S.a. takes out the full calculated possible swing range there will be an estimated 8.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 11.80zł (1.03%) than the support at 11.50zł (1.54%), 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 Genomtec S.a. stock A Buy?
Genomtec S.a. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.413 Hold/Accumulate Upgraded
Predicted Opening Price for Genomtec S.a. of Wednesday, June 19, 2024
Fair opening price June 19, 2024 | Current price |
---|---|
11.54zł ( 1.20%) | 11.68zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GMT.WA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 12.40 | 6.16% |
R2 | 12.07 | 3.35% |
R1 | 11.87 | 1.61% |
Price | 11.68 | |
S1 | 11.21 | -4.01% |
S2 | 11.01 | -5.75% |
S3 | 10.68 | -8.56% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13.64 | 16.78% |
R2 | 12.00 | 2.74% |
R1 | 11.80 | 1.03% |
Price | 11.68 | |
S1 | 11.50 | -1.54% |
S2 | 11.38 | -2.57% |
S3 | 10.80 | -7.53% |
FAQ
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