Greek Organisation of Football Stock Forecast

Greek Organisation of Football stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)

GOFPY Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Greek Organisation of Football 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Greek Organisation of Football stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.89. On a fall, the stock will find some support from the short-term average at $8.75. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.56%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Greek Organisation of Football stock

Greek Organisation of Football finds support from accumulated volume at $8.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.300 (3.45%) between high and low. For the last week, the stock has had daily average volatility of 3.95%.

Our recommended stop-loss: $8.46 (-4.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (GOFPY) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Greek Organisation of Football Prognostics S.A. to open at $8.85, and during the day (based on 14 day Average True Range), to move between $8.53 and $9.19, which gives a possible trading interval of +/-$0.330 (+/-3.73%) up or down from last closing price. If Greek Organisation of Football Prognostics S.A. takes out the full calculated possible swing range there will be an estimated 7.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $8.85 (0.11%) than the resistance at $8.99 (1.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Greek Organisation of Football Prognostics S.A. stock A Buy?

Greek Organisation of Football 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.867 Hold/Accumulate Upgraded

Predicted Opening Price for Greek Organisation of Football Prognostics S.A. of Monday, April 29, 2024

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