GetBusy Plc Stock Forecast
GetBusy Plc stock price down 0% on Wednesday
(Updated on Sep 02, 2020)
No changes to the price of GetBusy Plc stock on the last trading day (Wednesday, 2nd Sep 2020). During the last trading day the stock fluctuated 0% from a day low at £0.780 to a day high of £0.780. The price has risen in 5 of the last 10 days and is up by 32.76% over the past 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect GetBusy Plc stock with a 90% probability to be traded between £0.776 and £0.780 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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GETB.L Signals & Forecast
The GetBusy Plc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at £0.739 and £0.619. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for GetBusy Plc stock
GetBusy Plc finds support from accumulated volume at £0.760 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 £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.526%
Our recommended stop-loss: £0.0400 (-5.00%) (Unable to calculate.)
Trading Expectations (GETB.L) For The Upcoming Trading Day Of Thursday 3rd
With no resistance above and support from accumulated volume @ £0.760, some £0.0100 (1.30%) from the current price of £0.770, our system finds the risk reward attractive.
Is GetBusy Plc stock A Buy?
GetBusy Plc 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for GetBusy Plc of Thursday, September 3, 2020
Fair opening price September 3, 2020 | Current price |
---|---|
£0.777 ( 0.87%) | £0.770 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GETB.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.777 | 0.87 % | |
R2 | 0.777 | 0.87 % | ||
R1 | 0.777 | 0.87 % | ||
Current price: | 0.770 | |||
Support | S1 | 0.777 | 0.87 % | |
S2 | 0.777 | 0.87 % | ||
S3 | 0.777 | 0.87 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 0.770 | |||
Support | S1 | 0.760 | -1.30% | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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