GEMZ Corporation Stock Forecast

High volatility in GEMZ Corporation stock price on Wednesday which ended trading at $0.0007
(Updated on May 01, 2024)

GMZP Signals & Forecast

The GEMZ Corporation 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 $0.0006 and $0.0004. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for GEMZ Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.0006 and $0.0006. 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, GEMZ Corporation finds support just below today's level at $0.0006. If this is broken, then the next support from accumulated volume will be at $0.0006 and $0.0006.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0001 between high and low, or 16.67%. For the last week the stock has had daily average volatility of 22.67%.

Our recommended stop-loss: $0.0007 (-3.72%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (GMZP) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect GEMZ Corporation to open at $0.0007, and during the day (based on 14 day Average True Range), to move between $0.0006 and $0.0008, which gives a possible trading interval of +/-$0.0001 (+/-16.83%) up or down from last closing price. If GEMZ Corporation takes out the full calculated possible swing range there will be an estimated 33.66% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $0.0006, some $0.0001 (14.29%) from the current price of $0.0007, our system finds the risk reward attractive.

Is GEMZ Corporation stock A Buy?

Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.

Current score: 2.125 Buy Candidate Unchanged

Predicted Opening Price for GEMZ Corporation of Thursday, May 2, 2024

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