Gesco AG Stock Forecast
A very red day for Gesco AG stock price after a -5.74% fall in the Tuesday trading session
(Updated on May 21, 2024)
The Gesco AG stock price fell by -5.74% on the last day (Tuesday, 21st May 2024) from 19.15€ to 18.05€. During the last trading day the stock fluctuated 8.03% from a day low at 18.05€ to a day high of 19.50€. The price has risen in 6 of the last 10 days but is still down by -1.37% for this period. Volume has increased on the last day by 4 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, 9 thousand shares were bought and sold for approximately 158.93€ thousand.
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 8.61% during the next 3 months and, with a 90% probability hold a price between 19.04€ and 21.39€ at the end of this 3-month period.
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GSC1.DE Signals & Forecast
There are few to no technical positive signals at the moment. The Gesco AG stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 18.14€. On a fall, the stock will find some support from the short-term average at 17.94€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -5.74%. 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). Gesco AG 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 Gesco AG stock
Gesco AG finds support from accumulated volume at 17.90€ 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 1.45€ between high and low, or 8.03%. For the last week, the stock has had daily average volatility of 5.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GSC1.DE) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Gesco AG to open at 18.53€, and during the day (based on 14 day Average True Range), to move between 17.37€ and 18.73€, which gives a possible trading interval of +/-0.680€ (+/-3.77%) up or down from last closing price. If Gesco AG takes out the full calculated possible swing range there will be an estimated 7.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 17.90€ (0.83%) than the resistance at 18.25€ (1.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gesco AG stock A Buy?
The Gesco AG stock holds several negative signals and despite the positive trend, we believe Gesco AG will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -3.652 Sell Candidate Downgraded
Predicted Opening Price for Gesco AG of Wednesday, May 22, 2024
Fair opening price May 22, 2024 | Current price |
---|---|
18.53€ ( 2.68%) | 18.05€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GSC1.DE
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.98 | 10.71 % | |
R2 | 19.43 | 7.64 % | ||
R1 | 19.09 | 5.75 % | ||
Current price: | 18.05 | |||
Support | S1 | 17.98 | -0.391 % | |
S2 | 17.64 | -2.29 % | ||
S3 | 17.08 | -5.36 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.80 | 4.16 % | |
R2 | 18.30 | 1.39 % | ||
R1 | 18.25 | 1.11 % | ||
Current price | 18.05 | |||
Support | S1 | 17.90 | -0.83% | |
S2 | 17.45 | -3.32% | ||
S3 | 17.10 | -5.26% |
GSC1 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 30, 2024 | May 30, 2024 | Jun 03, 2024 | 0.400€ | 2.19% |
2 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | 1.00€ | 4.03% |
3 | Aug 25, 2022 | Aug 25, 2022 | Aug 25, 2022 | 0.98€ | 3.95% |
4 | Mar 30, 2020 | Jun 19, 2020 | Jun 23, 2020 | 0.230€ | 1.46% |
5 | May 14, 2019 | Aug 30, 2019 | Sep 03, 2019 | 0.90€ | 4.51% |
FAQ
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