Gym Group plc Stock Forecast
Evaluation of Gym Group plc stock downgraded after the last trading session.
(Updated on May 03, 2024)
The Gym Group plc stock price fell by -0.181% on the last day (Friday, 3rd May 2024) from £110.20 to £110.00. During the last trading day the stock fluctuated 1.27% from a day low at £110.00 to a day high of £111.40. The price has risen in 5 of the last 10 days and is up by 1.85% over the past 2 weeks. Volume has increased on the last day by 220 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 £34.69 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £108.68 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.49% during the next 3 months and, with a 90% probability hold a price between £112.47 and £129.19 at the end of this 3-month period.
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GYM.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 1.85%. 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 Gym Group plc 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 £110.43 and £113.70. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, January 30, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, January 30, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Gym Group plc stock
Gym Group plc finds support from accumulated volume at £109.40 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 £1.40 (1.27%) between high and low. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GYM.L) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Gym Group plc to open at £110.47, and during the day (based on 14 day Average True Range), to move between £107.53 and £112.47, which gives a possible trading interval of +/-£2.47 (+/-2.24%) up or down from last closing price. If Gym Group plc takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £109.40 (0.55%) than the resistance at £115.00 (4.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gym Group plc stock A Buy?
The Gym Group plc stock holds several negative signals and despite the positive trend, we believe Gym Group plc 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 Hold/Accumulate to a Sell candidate.
Current score: -3.541 Sell Candidate Downgraded
Predicted Opening Price for Gym Group plc of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| £110.47 ( 0.424%) | £110.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GYM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 111.87 | 1.70 % | |
| R2 | 111.33 | 1.21 % | ||
| R1 | 111.00 | 0.91 % | ||
| Current price: | 110.00 | |||
| Support | S1 | 109.93 | -0.0619 % | |
| S2 | 109.60 | -0.362 % | ||
| S3 | 109.07 | -0.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 119.40 | 8.55 % | |
| R2 | 115.80 | 5.27 % | ||
| R1 | 115.00 | 4.55 % | ||
| Current price | 110.00 | |||
| Support | S1 | 109.40 | -0.545% | |
| S2 | 108.00 | -1.82% | ||
| S3 | 107.00 | -2.73% |
GYM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2019 | Sep 05, 2019 | Oct 11, 2019 | £0.450 | 0.169% |
| 2 | Mar 19, 2019 | May 23, 2019 | Jun 14, 2019 | £0.95 | 0.401% |
| 3 | Aug 29, 2018 | Sep 06, 2018 | Oct 12, 2018 | £0.350 | 0.121% |
| 4 | Mar 20, 2018 | May 24, 2018 | Jun 14, 2018 | £0.90 | 0.341% |
| 5 | Aug 30, 2017 | Sep 07, 2017 | Sep 29, 2017 | £0.300 | 0.141% |
FAQ
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