Genetic Signatures Limited Stock Forecast
Genetic Signatures Limited stock price ended at $0.675 on Friday, after losing 3.57%.
(Updated on Jun 14, 2024)
The Genetic Signatures Limited stock price fell by -3.57% on the last day (Friday, 14th Jun 2024) from $0.700 to $0.675. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.05% from a day low at $0.655 to a day high of $0.675. The price has been going up and down for this period, and there has been a -7.53% loss for the last 2 weeks. Volume has increased on the last day by 213 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, 315 thousand shares were bought and sold for approximately $212.88 thousand.
Given the current short-term trend, the stock is expected to rise 12.96% during the next 3 months and, with a 90% probability hold a price between $0.762 and $0.89 at the end of this 3-month period.
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GSS.AX Signals & Forecast
There are few to no technical positive signals at the moment. The Genetic Signatures Limited 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 $0.724 and $0.727. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -11.18%. 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). Genetic Signatures Limited 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 Genetic Signatures Limited stock
Genetic Signatures Limited finds support from accumulated volume at $0.655 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.0200 (3.05%) between high and low. For the last week, the stock has had daily average volatility of 3.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GSS.AX) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Genetic Signatures Limited to open at $0.668, and during the day (based on 14 day Average True Range), to move between $0.642 and $0.708, which gives a possible trading interval of +/-$0.0332 (+/-4.92%) up or down from last closing price. If Genetic Signatures Limited takes out the full calculated possible swing range there will be an estimated 9.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.690 (2.22%) than the support at $0.655 (2.96%), 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 Genetic Signatures Limited stock A Buy?
The Genetic Signatures Limited stock holds several negative signals and despite the positive trend, we believe Genetic Signatures Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.438 Sell Candidate Unchanged
Predicted Opening Price for Genetic Signatures Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $0.668 ( 0.99%) | $0.675 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GSS.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.688 | 1.98% |
| R2 | 0.681 | 0.84% |
| R1 | 0.676 | 0.144% |
| Price | 0.675 | |
| S1 | 0.661 | -2.12% |
| S2 | 0.656 | -2.82% |
| S3 | 0.648 | -3.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.750 | 11.11% |
| R2 | 0.720 | 6.67% |
| R1 | 0.690 | 2.22% |
| Price | 0.675 | |
| S1 | 0.655 | -2.96% |
| S2 | 0.650 | -3.70% |
| S3 | 0.635 | -5.93% |
FAQ
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