Genpact Limited Stock Forecast

Genpact Limited stock upgraded to Hold/Accumulate.
(Updated on Apr 24, 2024)

G Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.93%. 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). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Genpact Limited 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 $32.42. On a fall, the stock will find some support from the short-term average at $31.23. 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.

Support, Risk & Stop-loss for Genpact Limited stock

Genpact Limited finds support from accumulated volume at $31.64 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 $0.500 (1.59%) between high and low. For the last week, the stock has had daily average volatility of 1.71%.

Our recommended stop-loss: $30.22 (-4.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (G) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Genpact Limited to open at $31.69, and during the day (based on 14 day Average True Range), to move between $31.16 and $32.36, which gives a possible trading interval of +/-$0.598 (+/-1.88%) up or down from last closing price. If Genpact Limited takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $31.64 (0.38%) than the resistance at $34.00 (7.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Genpact Limited stock A Buy?

Genpact Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.811 Hold/Accumulate Upgraded

Predicted Opening Price for Genpact Limited of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.