GETINGE AB UNSP ADR Stock Forecast
Evaluation of GETINGE AB UNSP ADR stock downgraded after the last trading session.
(Updated on May 20, 2024)
The GETINGE AB UNSP ADR stock price fell by -0.173% on the last day (Monday, 20th May 2024) from $17.30 to $17.27. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.95% from a day low at $17.23 to a day high of $17.39. The price has fallen in 6 of the last 10 days and is down by -19.49% for this period. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 thousand shares were bought and sold for approximately $259.41 thousand.
Given the current horizontal trend, you can expect GETINGE AB UNSP ADR stock with a 90% probability to be traded between $17.23 and $21.77 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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GNGBY Signals & Forecast
There are few to no technical positive signals at the moment. The GETINGE AB UNSP ADR 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 $18.48 and $20.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -20.89%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). GETINGE AB UNSP ADR gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for GETINGE AB UNSP ADR stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.163 between high and low, or 0.95%. For the last week, the stock has had daily average volatility of 1.12%.
GETINGE AB UNSP ADR is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GNGBY) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect GETINGE AB UNSP ADR to open at $17.30, and during the day (based on 14 day Average True Range), to move between $16.66 and $17.88, which gives a possible trading interval of +/-$0.608 (+/-3.52%) up or down from last closing price. If GETINGE AB UNSP ADR takes out the full calculated possible swing range there will be an estimated 7.05% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $19.70, some $2.43 (14.07%) from the current price of $17.27, our system finds the risk reward not very attractive.
Is GETINGE AB UNSP ADR stock A Buy?
GETINGE AB UNSP ADR holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.702 Strong Sell Candidate Downgraded
Predicted Opening Price for GETINGE AB UNSP ADR of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| $17.30 ( 0.161%) | $17.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GNGBY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.46 | 1.11 % | |
| R2 | 17.40 | 0.746 % | ||
| R1 | 17.36 | 0.523 % | ||
| Current price: | 17.27 | |||
| Support | S1 | 17.24 | -0.200 % | |
| S2 | 17.20 | -0.424 % | ||
| S3 | 17.13 | -0.786 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.52 | 24.61 % | |
| R2 | 21.35 | 23.62 % | ||
| R1 | 19.70 | 14.07 % | ||
| Current price | 17.27 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
GNGBY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | Apr 23, 2024 | $0 | 0% |
| 2 | Jul 26, 2023 | Apr 27, 2023 | May 19, 2023 | $0.401 | 1.63% |
| 3 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | $0.427 | 1.48% |
| 4 | Apr 21, 2021 | Apr 21, 2021 | Apr 21, 2021 | $0.362 | 1.13% |
| 5 | Jun 29, 2020 | Jun 29, 2020 | Jun 29, 2020 | $0.160 | 0.87% |
FAQ
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