GPO Plus, Inc. Stock Forecast
Volatile ride for GPO Plus, Inc. stock price on Friday moving between $0.0900 and $0.117
(Updated on Jun 14, 2024)
The GPO Plus, Inc. stock price gained 30.00% on the last trading day (Friday, 14th Jun 2024), rising from $0.0900 to $0.117. During the last trading day the stock fluctuated 30.00% from a day low at $0.0900 to a day high of $0.117. The price has fallen in 6 of the last 10 days but is still up by 16.88% over the past 2 weeks. Volume fell on the last day by -53 thousand shares and in total, 59 thousand shares were bought and sold for approximately $6.91 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.121 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -22.49% during the next 3 months and, with a 90% probability hold a price between $0.0704 and $0.0937 at the end of this 3-month period. 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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GPOX Signals & Forecast
The GPO Plus, Inc. 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 $0.107 and $0.106. 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 Wednesday, June 12, 2024, and so far it has fallen -4.10%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for GPO Plus, Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.110 and $0.100. 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, GPO Plus, Inc. finds support just below today's level at $0.110. If this is broken, then the next support from accumulated volume will be at $0.100 and $0.0900.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0270 between high and low, or 30.00%. For the last week the stock has had daily average volatility of 26.96%.
Our recommended stop-loss: $0.112 (-4.47%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (GPOX) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect GPO Plus, Inc. to open at $0.108, and during the day (based on 14 day Average True Range), to move between $0.102 and $0.132, which gives a possible trading interval of +/-$0.0150 (+/-12.80%) up or down from last closing price. If GPO Plus, Inc. takes out the full calculated possible swing range there will be an estimated 25.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.120 (2.56%) than the support at $0.110 (5.98%), 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 GPO Plus, Inc. 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 Strong Sell to a Buy candidate.
Current score: 1.384 Buy Candidate Upgraded
Predicted Opening Price for GPO Plus, Inc. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.108 ( 7.69%) | $0.117 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPOX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.135 | 15.38% |
| R2 | 0.125 | 6.57% |
| R1 | 0.118 | 1.12% |
| Price | 0.117 | |
| S1 | 0.0977 | -16.51% |
| S2 | 0.0913 | -21.95% |
| S3 | 0.0810 | -30.77% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.135 | 15.38% |
| R2 | 0.125 | 6.84% |
| R1 | 0.120 | 2.56% |
| Price | 0.117 | |
| S1 | 0.110 | -5.98% |
| S2 | 0.100 | -14.53% |
| S3 | 0.0900 | -23.08% |
FAQ
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