Genomtec S.a. Stock Forecast

Stronger technical forecast for Genomtec S.a. stock price after Wednesday trading.
(Updated on Jun 19, 2024)

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 3.57%. 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 11.98zł. On a fall, the stock will find some support from the short-term average at 11.46zł. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.400zł between high and low, or 3.54%. For the last week the stock has had daily average volatility of 4.31%.

Our recommended stop-loss: 11.11zł (-4.21%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 44 days ago.)

Trading Expectations (GMT.WA) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Genomtec S.a. to open at 11.53zł, and during the day (based on 14 day Average True Range), to move between 11.10zł and 12.10zł, which gives a possible trading interval of +/-0.503zł (+/-4.34%) up or down from last closing price. If Genomtec S.a. takes out the full calculated possible swing range there will be an estimated 8.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 11.50zł (0.86%) than the resistance at 11.80zł (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Genomtec S.a. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.093 Buy Candidate Upgraded

Predicted Opening Price for Genomtec S.a. of Thursday, June 20, 2024

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