U.S. Global Investors Stock Forecast
Red day on Monday for U.S. Global Investors stock after losing 1.12%
(Updated on Apr 22, 2024)
The U.S. Global Investors stock price fell by -1.12% on the last day (Monday, 22nd Apr 2024) from $2.69 to $2.66. During the last trading day the stock fluctuated 2.44% from a day low at $2.66 to a day high of $2.73. The price has fallen in 7 of the last 10 days and is down by -6.99% for this period. 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 -13 thousand shares and in total, 20 thousand shares were bought and sold for approximately $52.44 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect U.S. Global Investors stock with a 90% probability to be traded between $2.56 and $2.90 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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GROW Signals & Forecast
There are few to no technical positive signals at the moment. The U.S. Global Investors 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 $2.74 and $2.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -9.22%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for U.S. Global Investors stock
U.S. Global Investors finds support from accumulated volume at $2.63 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 controlled movements and therefore the general risk is considered 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 $0.0650 between high and low, or 2.44%. For the last week the stock has had daily average volatility of 2.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GROW) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect U.S. Global Investors to open at $2.68, and during the day (based on 14 day Average True Range), to move between $2.59 and $2.73, which gives a possible trading interval of +/-$0.0705 (+/-2.65%) up or down from last closing price. If U.S. Global Investors takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.69 (1.13%) than the support at $2.63 (1.13%), 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 U.S. Global Investors stock A Buy?
U.S. Global Investors holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.125 Sell Candidate Unchanged
Predicted Opening Price for U.S. Global Investors of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $2.68 ( 0.81%) | $2.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GROW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.75 | 3.26 % | |
| R2 | 2.72 | 2.32 % | ||
| R1 | 2.71 | 1.75 % | ||
| Current price: | 2.66 | |||
| Support | S1 | 2.66 | -0.119 % | |
| S2 | 2.64 | -0.696 % | ||
| S3 | 2.62 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.78 | 4.51 % | |
| R2 | 2.77 | 4.14 % | ||
| R1 | 2.69 | 1.13 % | ||
| Current price | 2.66 | |||
| Support | S1 | 2.63 | -1.13% | |
| S2 | 2.61 | -1.88% | ||
| S3 | 2.60 | -2.26% |
GROW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 24, 2024 | $0.0075 | 0.280% |
| 2 | Mar 06, 2024 | May 03, 2024 | May 20, 2024 | $0.0075 | 0.280% |
| 3 | Apr 05, 2024 | Apr 05, 2024 | Apr 05, 2024 | $0 | 0% |
| 4 | Dec 22, 2023 | Mar 08, 2024 | Mar 25, 2024 | $0.0075 | 0.279% |
| 5 | Dec 08, 2023 | Feb 09, 2024 | Feb 26, 2024 | $0.0075 | 0.284% |
FAQ
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