RSI low/high Values: [ 20 - 85 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of G4M.L
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Gear4Music (Holdings) Plc stock price ended at £139.00 on Wednesday, after losing 2.11%.
(Updated on Mar 27, 2024)

Sell candidate since Mar 21, 2024 Loss -2.11% PDF

The Gear4Music (Holdings) Plc stock price fell by -2.11% on the last day (Wednesday, 27th Mar 2024) from £142.00 to £139.00. During the last trading day the stock fluctuated 0.94% from a day low at £137.71 to a day high of £139.00. The price has fallen in 4 of the last 10 days and is down by -2.46% for this period. 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 -203 shares and in total, 11 thousand shares were bought and sold for approximately £1.50 million.

The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £138.17 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.40% during the next 3 months and, with a 90% probability hold a price between £132.09 and £142.55 at the end of this 3-month period.

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G4M.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 0.361%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gear4Music (Holdings) 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 £140.64 and £141.88. 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). 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.

Support, Risk & Stop-loss for Gear4Music (Holdings) Plc stock

Gear4Music (Holdings) Plc finds support from accumulated volume at £138.50 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £1.29 between high and low, or 0.94%. For the last week the stock has had daily average volatility of 2.71%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (G4M.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Gear4Music (Holdings) Plc to open at £138.57, and during the day (based on 14 day Average True Range), to move between £135.31 and £142.69, which gives a possible trading interval of +/-£3.69 (+/-2.66%) up or down from last closing price. If Gear4Music (Holdings) Plc takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £138.50 (0.36%) than the resistance at £142.00 (2.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gear4Music (Holdings) Plc stock A Buy?

Gear4Music (Holdings) Plc holds several negative signals and is within a 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: -2.271 Sell Candidate Unchanged

Predicted Opening Price for Gear4Music (Holdings) Plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£138.57 ( 0.309%) £139.00

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

Trading levels for G4M.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 139.86 0.619 %
R2 139.37 0.264 %
R1 139.06 0.0452 %
Current price: 139.00
Support S1 138.08 -0.664 %
S2 137.77 -0.88 %
S3 137.28 -1.24 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 145.00 4.32 %
R2 142.50 2.52 %
R1 142.00 2.16 %
Current price 139.00
Support S1 138.50 -0.360%
S2 0 .
S3 0 .

FAQ

What is the symbol for Gear4Music (Holdings) Plc Stock and on which exchange is it traded?
The symbol for Gear4Music (Holdings) Plc is G4M.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Gear4Music (Holdings) Plc Stock?
Gear4Music (Holdings) Plc holds several negative signals and is within a 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.

How to buy Gear4Music (Holdings) Plc Stock?
Gear4Music (Holdings) Plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Gear4Music (Holdings) Plc Stock.

What's the current price of Gear4Music (Holdings) Plc Stock?
As of the end of day on the 2024-03-27, the price of an Gear4Music (Holdings) Plc (G4M.L) share was £139.00.

What is the 52-week high and low for Gear4Music (Holdings) Plc Stock?
The 52-week high for Gear4Music (Holdings) Plc Stock is £170.00 and the 52-week low is £68.70.

What is the market capitalization of Gear4Music (Holdings) Plc Stock?
As of the 2024-03-27, the market capitalization of Gear4Music (Holdings) Plc is 29.158M.

When is the next earnings date for Gear4Music (Holdings) Plc?
The upcoming earnings date for Gear4Music (Holdings) Plc is Jun 18, 2024.
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About Gear4Music (Holdings) Plc

Gear4Music (Holdings) Plc Gear4music (Holdings) plc engages in the retail of musical instruments and equipment in the United Kingdom, rest of Europe, and internationally. The company provides electric, acoustic, and bass guitars, and related accessories, such as guitar amplifiers and effects pedals; drums and percussion products consisting electronic drums, acoustic drum kits, drum pads, hybrid drumming products, cymbals, snare drums, individual drums, and drum hardware a... G4M.L Profile

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