General Employment Enterprises, Inc Stock Forecast
Green day on Wednesday for General Employment Enterprises, Inc
(Updated on May 01, 2024)
The General Employment Enterprises, Inc stock price gained 1.81% on the last trading day (Wednesday, 1st May 2024), rising from $0.314 to $0.320. During the last trading day the stock fluctuated 4.27% from a day low at $0.307 to a day high of $0.320. The price has fallen in 6 of the last 10 days and is down by -1.84% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 91 thousand shares were bought and sold for approximately $29.01 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.313 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -22.02% during the next 3 months and, with a 90% probability hold a price between $0.244 and $0.281 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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JOB Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 1.81%. Further rise is indicated until a new top pivot has been found. General Employment Enterprises, Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The General Employment Enterprises, Inc 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 $0.320 and $0.347. 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).
Support, Risk & Stop-loss for General Employment Enterprises, Inc stock
General Employment Enterprises, Inc finds support from accumulated volume at $0.318 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 $0.0131 between high and low, or 4.27%. For the last week, the stock has had daily average volatility of 4.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JOB) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect General Employment Enterprises, Inc to open at $0.316, and during the day (based on 14 day Average True Range), to move between $0.304 and $0.336, which gives a possible trading interval of +/-$0.0165 (+/-5.15%) up or down from last closing price. If General Employment Enterprises, Inc takes out the full calculated possible swing range there will be an estimated 10.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.318 (0.64%) than the resistance at $0.378 (18.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is General Employment Enterprises, Inc stock A Buy?
General Employment Enterprises, Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.688 Sell Candidate Unchanged
Predicted Opening Price for General Employment Enterprises, Inc of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$0.316 ( 1.34%) | $0.320 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JOB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.329 | 2.75 % | |
R2 | 0.324 | 1.19 % | ||
R1 | 0.321 | 0.220 % | ||
Current price: | 0.320 | |||
Support | S1 | 0.311 | -2.91 % | |
S2 | 0.308 | -3.87 % | ||
S3 | 0.303 | -5.44 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.397 | 24.00 % | |
R2 | 0.383 | 19.69 % | ||
R1 | 0.378 | 18.13 % | ||
Current price | 0.320 | |||
Support | S1 | 0.318 | -0.641% | |
S2 | 0.317 | -0.84% | ||
S3 | 0.314 | -1.78% |
JOB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 19, 2007 | Dec 12, 2007 | Jan 11, 2008 | $1.00 | 6.25% |
2 | Nov 20, 2006 | Dec 13, 2006 | Jan 09, 2007 | $1.00 | 5.46% |
3 | Sep 26, 2000 | Dec 13, 2000 | Jan 16, 2001 | $2.50 | 8.33% |
4 | Nov 15, 1999 | Dec 15, 1999 | Jan 18, 2000 | $0.500 | 1.00% |
5 | Nov 17, 1998 | Dec 14, 1998 | Jan 15, 1999 | $0.435 | 0.792% |
FAQ
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