Gp-act Iii Acquisition Corp. Stock Forecast
Stronger technical forecast for Gp-act Iii Acquisition Corp. stock price after Monday trading.
(Updated on Jun 24, 2024)
No changes to the price of Gp-act Iii Acquisition Corp. stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $10.04 to a day high of $10.04. The price has been going up and down for this period, and there has been a -0.4% loss for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Gp-act Iii Acquisition Corp. stock with a 90% probability to be traded between $9.99 and $10.04 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GPATU Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gp-act Iii Acquisition Corp. 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 $10.04 and $10.07. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Gp-act Iii Acquisition Corp. 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.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0498%.
Our recommended stop-loss: $9.20 (-8.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (GPATU) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Gp-act Iii Acquisition Corp. to open at $10.04, and during the day (based on 14 day Average True Range), to move between $10.03 and $10.05, which gives a possible trading interval of +/-$0.0107 (+/-0.11%) up or down from last closing price. If Gp-act Iii Acquisition Corp. takes out the full calculated possible swing range there will be an estimated 0.21% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $10.07, some $0.0300 (0.30%) from the current price of $10.04, our system finds the risk reward not very attractive.
Is Gp-act Iii Acquisition Corp. stock A Buy?
Gp-act Iii Acquisition Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Gp-act Iii Acquisition Corp. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $10.04 ( 0%) | $10.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPATU
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.04 | - |
| R2 | 10.04 | - |
| R1 | 10.04 | - |
| Price | 10.04 | |
| S1 | 10.04 | - |
| S2 | 10.04 | - |
| S3 | 10.04 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.09 | 0.498% |
| R2 | 10.08 | 0.398% |
| R1 | 10.07 | 0.299% |
| Price | 10.04 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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