George Risk Industries, Inc. Stock Forecast
Red day on Friday for George Risk Industries, Inc.
(Updated on Jun 14, 2024)
The George Risk Industries, Inc. stock price fell by -2.39% on the last day (Friday, 14th Jun 2024) from $12.55 to $12.25. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.63% from a day low at $12.25 to a day high of $12.45. The price has fallen in 5 of the last 10 days and is down by -4.67% for this period. Volume has increased on the last day by 694 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, 894 shares were bought and sold for approximately $10.95 thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $12.03 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect George Risk Industries, Inc. stock with a 90% probability to be traded between $12.21 and $13.60 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RSKIA Signals & Forecast
There are few to no technical positive signals at the moment. The George Risk Industries, 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 $12.66 and $12.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -4.67%. 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). George Risk Industries, Inc. 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". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Tuesday, June 04, 2024 and based on theory for this formation the price should go up by 11.37% to $13.64 within 34 trading days since signal was issued (Monday, June 17, 2024).
Support, Risk & Stop-loss for George Risk Industries, Inc. stock
George Risk Industries, Inc. finds support from accumulated volume at $12.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.200 between high and low, or 1.63%. For the last week the stock has had daily average volatility of 0.406%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RSKIA) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect George Risk Industries, Inc. to open at $12.32, and during the day (based on 14 day Average True Range), to move between $12.10 and $12.40, which gives a possible trading interval of +/-$0.149 (+/-1.22%) up or down from last closing price. If George Risk Industries, Inc. takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $12.01 (1.96%) than the resistance at $12.50 (2.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is George Risk Industries, Inc. stock A Buy?
George Risk Industries, 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: -1.144 Sell Candidate Unchanged
Predicted Opening Price for George Risk Industries, Inc. of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| $12.32 ( 0.544%) | $12.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RSKIA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.52 | 2.18% |
| R2 | 12.44 | 1.55% |
| R1 | 12.39 | 1.17% |
| Price | 12.25 | |
| S1 | 12.24 | -0.0795% |
| S2 | 12.19 | -0.465% |
| S3 | 12.12 | -1.09% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.10 | 6.94% |
| R2 | 12.83 | 4.73% |
| R1 | 12.50 | 2.04% |
| Price | 12.25 | |
| S1 | 12.01 | -1.96% |
| S2 | 12.00 | -2.04% |
| S3 | 0 | - |
RSKIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 14, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.650 | 5.35% |
| 2 | Sep 22, 2022 | Sep 29, 2022 | Oct 31, 2022 | $0.600 | 5.20% |
| 3 | Sep 22, 2021 | Sep 29, 2021 | Oct 29, 2021 | $0.500 | 3.76% |
| 4 | Sep 29, 2020 | Sep 29, 2020 | Sep 29, 2020 | $0.420 | 3.93% |
| 5 | Sep 27, 2019 | Sep 27, 2019 | Sep 27, 2019 | $0.400 | 4.55% |
FAQ
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