RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GRVY
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

GRAVITY Co. stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The GRAVITY Co. stock price gained 1.69% on the last trading day (Wednesday, 27th Mar 2024), rising from $70.80 to $72.00. During the last trading day the stock fluctuated 2.86% from a day low at $70.34 to a day high of $72.35. The price has been going up and down for this period, and there has been a -0.96% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately $2.10 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.58% during the next 3 months and, with a 90% probability hold a price between $72.46 and $84.77 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

GRVY Signals & Forecast

The GRAVITY Co. 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 $71.61 and $71.08. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, February 29, 2024, and so far it has fallen -6.58%. 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).

Support, Risk & Stop-loss for GRAVITY Co. stock

GRAVITY Co. finds support from accumulated volume at $71.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $2.01 between high and low, or 2.86%. For the last week, the stock has had daily average volatility of 3.00%.

Our recommended stop-loss: $68.84 (-4.39%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (GRVY) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect GRAVITY Co. to open at $71.56, and during the day (based on 14 day Average True Range), to move between $69.65 and $74.35, which gives a possible trading interval of +/-$2.35 (+/-3.27%) up or down from last closing price. If GRAVITY Co. takes out the full calculated possible swing range there will be an estimated 6.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $72.09 (0.13%) than the support at $71.00 (1.39%), 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 GRAVITY Co. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GRAVITY Co. 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: 3.260 Buy Candidate Upgraded

Predicted Opening Price for GRAVITY Co. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$71.56 ( 0.606%) $72.00

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

Trading levels for GRVY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 73.57 2.19 %
R2 72.81 1.12 %
R1 72.33 0.460 %
Current price: 72.00
Support S1 70.80 -1.67 %
S2 70.32 -2.33 %
S3 69.55 -3.40 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 73.71 2.37 %
R2 73.39 1.93 %
R1 72.09 0.125 %
Current price 72.00
Support S1 71.00 -1.39%
S2 65.81 -8.60%
S3 65.15 -9.51%

FAQ

What is the symbol for GRAVITY Co. Stock and on which exchange is it traded?
The symbol for GRAVITY Co. is GRVY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell GRAVITY Co. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GRAVITY Co. 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.

How to buy GRAVITY Co. Stock?
GRAVITY Co. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy GRAVITY Co. Stock.

What's the current price of GRAVITY Co. Stock?
As of the end of day on the 2024-03-27, the price of an GRAVITY Co. (GRVY) share was $72.00.

What is the 52-week high and low for GRAVITY Co. Stock?
The 52-week high for GRAVITY Co. Stock is $82.48 and the 52-week low is $51.77.

What is the market capitalization of GRAVITY Co. Stock?
As of the 2024-03-27, the market capitalization of GRAVITY Co. is 491.982M.

When is the next earnings date for GRAVITY Co.?
The upcoming earnings date for GRAVITY Co. is May 09, 2024.
Click to get the best stock tips daily for free!

About GRAVITY Co.

GRAVITY Co. Gravity Co., Ltd. develops and publishes online and mobile games in South Korea, Taiwan, Thailand, and Japan. The company offers a massively multiplayer online role-playing game, including Ragnarok Online, Dragonica, Ragnarok Online II, and Ragnarok Prequel II. Its mobile games portfolio includes Ragnarok M: Eternal Love; Ragnarok Origin; Ragnarok X: Next Generation; the Labyrinth of Ragnarok; Ragnarok Poring Merge; Tera Classic; Ragnarok: The Lo... GRVY Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT