Genedx Holdings Corp. Stock Forecast
Volatile ride for Genedx Holdings Corp. stock price on Monday moving between $0.0251 and $0.0300
(Updated on Jun 17, 2024)
The Genedx Holdings Corp. stock price fell by -7.04% on the last day (Monday, 17th Jun 2024) from $0.0270 to $0.0251. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 19.52% from a day low at $0.0251 to a day high of $0.0300. The price has fallen in 6 of the last 10 days but is still up by 0.4% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -19 thousand shares and in total, 15 thousand shares were bought and sold for approximately $379.81 .
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.0296 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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WGSWW Signals & Forecast
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 Genedx Holdings Corp. 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 $0.0269 and $0.0310. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -20.06%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Genedx Holdings Corp. stock
Genedx Holdings Corp. finds support from accumulated volume at $0.0248 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 $0.0049 between high and low, or 19.52%. For the last week the stock has had daily average volatility of 34.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WGSWW) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Genedx Holdings Corp. to open at $0.0267, and during the day (based on 14 day Average True Range), to move between $0.0179 and $0.0323, which gives a possible trading interval of +/-$0.0072 (+/-28.60%) up or down from last closing price. If Genedx Holdings Corp. takes out the full calculated possible swing range there will be an estimated 57.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0248 (1.20%) than the resistance at $0.0258 (2.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Genedx Holdings Corp. stock A Buy?
Genedx Holdings Corp. holds several negative signals and is within a very 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: -5.031 Strong Sell Candidate Unchanged
Predicted Opening Price for Genedx Holdings Corp. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $0.0267 ( 6.51%) | $0.0251 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WGSWW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0316 | 26.03% |
| R2 | 0.0298 | 18.57% |
| R1 | 0.0286 | 13.96% |
| Price | 0.0251 | |
| S1 | 0.0249 | -0.95% |
| S2 | 0.0237 | -5.56% |
| S3 | 0.0218 | -13.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.0306 | 21.91% |
| R2 | 0.0270 | 7.57% |
| R1 | 0.0258 | 2.79% |
| Price | 0.0251 | |
| S1 | 0.0248 | -1.20% |
| S2 | 0.0240 | -4.38% |
| S3 | 0.0203 | -19.12% |
FAQ
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