Gesco AG Stock Forecast

Gesco AG stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 16, 2024)

GSC1.F Signals & Forecast

There are mixed signals in the stock today. 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 18.05€. On a fall, the stock will find some support from the short-term average at 17.84€. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 2.87%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Gesco AG stock

Gesco AG finds support from accumulated volume at 17.45€ 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.550€ between high and low, or 3.14%. For the last week the stock has had daily average volatility of 3.94%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GSC1.F) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Gesco AG to open at 17.82€, and during the day (based on 14 day Average True Range), to move between 17.35€ and 18.45€, which gives a possible trading interval of +/-0.555€ (+/-3.10%) up or down from last closing price. If Gesco AG takes out the full calculated possible swing range there will be an estimated 6.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 17.95€ (0.28%) than the support at 17.45€ (2.51%), 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 Gesco AG stock A Buy?

Gesco AG holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.

Current score: -1.421 Sell Candidate Downgraded

Predicted Opening Price for Gesco AG of Friday, May 17, 2024

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