GEELY AUTOMOBILE HLD Stock Forecast
Green day on Thursday for GEELY AUTOMOBILE HLD stock after gaining 0.89%
(Updated on Apr 18, 2024)
The GEELY AUTOMOBILE HLD stock price gained 0.89% on the last trading day (Thursday, 18th Apr 2024), rising from $1.12 to $1.13. During the last trading day the stock fluctuated 1.77% from a day low at $1.13 to a day high of $1.15. The price has been going up and down for this period, and there has been a -3.42% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 23 thousand more shares were traded than the day before. In total, 39 thousand shares were bought and sold for approximately $44.22 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.12 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 23.93% during the next 3 months and, with a 90% probability hold a price between $1.39 and $1.55 at the end of this 3-month period.
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GELYF Signals & Forecast
GEELY AUTOMOBILE HLD 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 GEELY AUTOMOBILE HLD stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.17 and $1.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -8.13%. 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). The stock had a Golden Star Signal on Thursday, February 15, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, February 15, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for GEELY AUTOMOBILE HLD stock
GEELY AUTOMOBILE HLD finds support from accumulated volume at $1.08 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 $0.0200 between high and low, or 1.77%. For the last week, the stock has had daily average volatility of 3.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GELYF) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect GEELY AUTOMOBILE HLD to open at $1.14, and during the day (based on 14 day Average True Range), to move between $1.09 and $1.17, which gives a possible trading interval of +/-$0.0439 (+/-3.88%) up or down from last closing price. If GEELY AUTOMOBILE HLD takes out the full calculated possible swing range there will be an estimated 7.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.16 (2.65%) than the support at $1.08 (4.55%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is GEELY AUTOMOBILE HLD stock A Buy?
The GEELY AUTOMOBILE HLD stock holds several negative signals and despite the positive trend, we believe GEELY AUTOMOBILE HLD will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.310 Sell Candidate Unchanged
Predicted Opening Price for GEELY AUTOMOBILE HLD of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $1.14 ( 0.590%) | $1.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GELYF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.16 | 2.36 % | |
| R2 | 1.15 | 1.68 % | ||
| R1 | 1.14 | 1.27 % | ||
| Current price: | 1.13 | |||
| Support | S1 | 1.13 | -0.0861 % | |
| S2 | 1.12 | -0.504 % | ||
| S3 | 1.12 | -1.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.23 | 8.85 % | |
| R2 | 1.20 | 6.19 % | ||
| R1 | 1.16 | 2.65 % | ||
| Current price | 1.13 | |||
| Support | S1 | 1.08 | -4.55% | |
| S2 | 1.06 | -6.19% | ||
| S3 | 1.06 | -6.64% |
GELYF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2024 | Jun 11, 2024 | Jul 26, 2024 | $0.0281 | 2.49% |
| 2 | Jun 05, 2023 | Jun 05, 2023 | Jun 05, 2023 | $0.0270 | 2.27% |
| 3 | Jun 02, 2022 | Jun 02, 2022 | Jul 12, 2017 | $0.0270 | 1.11% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | $0.0260 | 1.02% |
| 5 | May 28, 2020 | May 28, 2020 | May 28, 2020 | $0.0320 | 2.21% |
FAQ
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