Gentex Corporation Stock Forecast
Gentex Corporation stock price down 0.523% on Thursday
(Updated on Mar 28, 2024)
The Gentex Corporation stock price fell by -0.523% on the last day (Thursday, 28th Mar 2024) from $36.31 to $36.12. During the last trading day the stock fluctuated 0.90% from a day low at $36.07 to a day high of $36.39. The price has been going up and down for this period, and there has been a 0.53% gain for the last 2 weeks. 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 -435 thousand shares and in total, 1 million shares were bought and sold for approximately $37.11 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $35.78 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 17.05% during the next 3 months and, with a 90% probability hold a price between $41.89 and $45.04 at the end of this 3-month period.
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GNTX Signals & Forecast
The Gentex Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $36.18. On a fall, the stock will find some support from the long-term average at approximately $35.98. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, March 07, 2024, and so far it has fallen -2.64%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Gentex Corporation stock
On the downside, the stock finds support just below today's level from accumulated volume at $33.92 and $32.38. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Gentex Corporation finds support just below today's level at $33.92. If this is broken, then the next support from accumulated volume will be at $32.38 and $31.77.
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 $0.325 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: $34.55 (-4.34%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (GNTX) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Gentex Corporation to open at $36.19, and during the day (based on 14 day Average True Range), to move between $35.59 and $36.65, which gives a possible trading interval of +/-$0.528 (+/-1.46%) up or down from last closing price. If Gentex Corporation takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $36.31 (0.53%) than the support at $33.92 (6.09%), 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 Gentex Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gentex Corporation stock to perform well in the short-term.
Current score: 3.312 Buy Candidate Unchanged
Predicted Opening Price for Gentex Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$36.19 ( 0.198%) | $36.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GNTX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 36.52 | 1.10 % | |
R2 | 36.39 | 0.754 % | ||
R1 | 36.32 | 0.542 % | ||
Current price: | 36.12 | |||
Support | S1 | 36.07 | -0.145 % | |
S2 | 35.99 | -0.358 % | ||
S3 | 35.87 | -0.701 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.10 | 2.71 % | |
R2 | 36.42 | 0.83 % | ||
R1 | 36.31 | 0.526 % | ||
Current price | 36.12 | |||
Support | S1 | 33.92 | -6.09% | |
S2 | 32.38 | -10.35% | ||
S3 | 31.77 | -12.04% |
GNTX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 05, 2024 | Apr 04, 2024 | Apr 17, 2024 | $0.120 | 0.332% |
2 | Nov 27, 2023 | Jan 04, 2024 | Jan 17, 2024 | $0.120 | 0.371% |
3 | Sep 01, 2023 | Oct 05, 2023 | Oct 18, 2023 | $0.120 | 0.394% |
4 | May 31, 2023 | Jul 06, 2023 | Jul 19, 2023 | $0.120 | 0.382% |
5 | Feb 28, 2023 | Apr 05, 2023 | Apr 19, 2023 | $0.120 | 0.446% |
FAQ
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