Gaxos.ai Inc. Stock Forecast
Gaxos.ai Inc. stock price ended at $3.93 on Friday, after losing 0%.
(Updated on May 17, 2024)
No changes to the price of Gaxos.ai Inc. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 6.25% from a day low at $3.84 to a day high of $4.08. The price has fallen in 5 of the last 10 days and is down by -15.12% for this period.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.35 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -30.90% during the next 3 months and, with a 90% probability hold a price between $2.31 and $4.49 at the end of this 3-month period.
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GXAI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 9.78%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gaxos.ai Inc. 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 $5.27. On a fall, the stock will find some support from the short-term average at $3.81. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Gaxos.ai Inc. stock
Gaxos.ai Inc. finds support from accumulated volume at $3.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.240 between high and low, or 6.25%. For the last week the stock has had daily average volatility of 10.03%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GXAI) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Gaxos.ai Inc. to open at $3.95, and during the day (based on 14 day Average True Range), to move between $3.40 and $4.46, which gives a possible trading interval of +/-$0.529 (+/-13.47%) up or down from last closing price. If Gaxos.ai Inc. takes out the full calculated possible swing range there will be an estimated 26.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.86 (1.78%) than the resistance at $4.15 (5.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gaxos.ai Inc. stock A Buy?
Gaxos.ai Inc. 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.
Current score: -4.536 Sell Candidate Unchanged
Predicted Opening Price for Gaxos.ai Inc. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $3.95 ( 0.509%) | $3.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GXAI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.19 | 6.62 % | |
| R2 | 4.10 | 4.28 % | ||
| R1 | 4.04 | 2.84 % | ||
| Current price: | 3.93 | |||
| Support | S1 | 3.86 | -1.82 % | |
| S2 | 3.80 | -3.27 % | ||
| S3 | 3.71 | -5.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.70 | 19.59 % | |
| R2 | 4.20 | 6.87 % | ||
| R1 | 4.15 | 5.60 % | ||
| Current price | 3.93 | |||
| Support | S1 | 3.86 | -1.78% | |
| S2 | 3.76 | -4.33% | ||
| S3 | 3.58 | -8.91% |
FAQ
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