Genetic Signatures Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Genetic Signatures Limited stock price after Wednesday trading.
(Updated on Jun 26, 2024)
The Genetic Signatures Limited stock price fell by -0.699% on the last day (Wednesday, 26th Jun 2024) from $0.715 to $0.710. During the last trading day the stock fluctuated 0.704% from a day low at $0.710 to a day high of $0.715. The price has fallen in 4 of the last 10 days and is down by -1.39% for this period. Volume has increased on the last day by 324 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, 442 thousand shares were bought and sold for approximately $314.16 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 5.83% during the next 3 months and, with a 90% probability hold a price between $0.720 and $0.82 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.
GSS.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 5.19%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $0.716 and $0.728. A break-up above any of these levels will issue buy signals. 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 $0.700 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 $0.0050 between high and low, or 0.704%. For the last week, the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: $0.677 (-4.71%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (GSS.AX) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Genetic Signatures Limited to open at $0.712, and during the day (based on 14 day Average True Range), to move between $0.683 and $0.737, which gives a possible trading interval of +/-$0.0267 (+/-3.75%) up or down from last closing price. If Genetic Signatures Limited takes out the full calculated possible swing range there will be an estimated 7.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.715 (0.70%) than the support at $0.700 (1.41%), 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?
Genetic Signatures Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.747 Hold/Accumulate Upgraded
Predicted Opening Price for Genetic Signatures Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $0.712 ( 0.235%) | $0.710 |
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 | 0.717 | 0.94% |
| R2 | 0.715 | 0.670% |
| R1 | 0.714 | 0.504% |
| Price | 0.710 | |
| S1 | 0.710 | -0.0343% |
| S2 | 0.709 | -0.200% |
| S3 | 0.707 | -0.469% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.750 | 5.63% |
| R2 | 0.720 | 1.41% |
| R1 | 0.715 | 0.704% |
| Price | 0.710 | |
| S1 | 0.700 | -1.41% |
| S2 | 0.690 | -2.82% |
| S3 | 0.675 | -4.93% |
FAQ
Click here for our free guide on how to buy Genetic Signatures Limited Stock.
