Genus plc Stock Forecast
Genus plc stock upgraded to Hold/Accumulate.
(Updated on Apr 22, 2024)
The Genus plc stock price gained 0.466% on the last trading day (Monday, 22nd Apr 2024), rising from £1,718.00 to £1,726.00. During the last trading day the stock fluctuated 2.10% from a day low at £1,718.00 to a day high of £1,754.00. The price has risen in 5 of the last 10 days but is still down by -0.8% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 thousand more shares were traded than the day before. In total, 86 thousand shares were bought and sold for approximately £148.57 million.
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 £1,784.38 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -24.80% during the next 3 months and, with a 90% probability hold a price between £995.37 and £1,341.78 at the end of this 3-month period. 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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GNS.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 04, 2024, and so far it has risen 5.44%. Further rise is indicated until a new top pivot has been found. 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 Genus 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 £1,745.43 and £1,764.71. 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).
Support, Risk & Stop-loss for Genus plc stock
Genus plc finds support from accumulated volume at £1,724.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £36.00 between high and low, or 2.10%. For the last week the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: £1,644.08 (-4.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (GNS.L) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect Genus plc to open at £1,732.67, and during the day (based on 14 day Average True Range), to move between £1,669.03 and £1,782.97, which gives a possible trading interval of +/-£56.97 (+/-3.30%) up or down from last closing price. If Genus plc takes out the full calculated possible swing range there will be an estimated 6.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,724.00 (0.12%) than the resistance at £1,780.00 (3.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Genus plc stock A Buy?
Genus plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.601 Hold/Accumulate Upgraded
Predicted Opening Price for Genus plc of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| £1,732.67 ( 0.386%) | £1,726.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GNS.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,768.67 | 2.47 % | |
| R2 | 1,754.91 | 1.68 % | ||
| R1 | 1,746.42 | 1.18 % | ||
| Current price: | 1,726.00 | |||
| Support | S1 | 1,718.91 | -0.411 % | |
| S2 | 1,710.42 | -0.90 % | ||
| S3 | 1,696.67 | -1.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,142.00 | 24.10 % | |
| R2 | 1,792.00 | 3.82 % | ||
| R1 | 1,780.00 | 3.13 % | ||
| Current price | 1,726.00 | |||
| Support | S1 | 1,724.00 | -0.116% | |
| S2 | 1,686.00 | -2.32% | ||
| S3 | 1,637.00 | -5.16% |
GNS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 28, 2024 | £10.30 | 0.584% |
| 2 | Feb 23, 2023 | Mar 02, 2023 | Mar 30, 2023 | £10.30 | 0.363% |
| 3 | Sep 08, 2022 | Nov 17, 2022 | Dec 09, 2022 | £21.70 | 0.728% |
| 4 | Feb 24, 2022 | Mar 03, 2022 | Mar 31, 2022 | £10.30 | 0.365% |
| 5 | Sep 09, 2021 | Nov 18, 2021 | Dec 10, 2021 | £21.70 | 0.441% |
FAQ
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