Bullish vs. Bearish (27 opinions)
Social Sentiment 0.24
GTE Stock Forecast and Technical Analysis
Hold candidate since 2020-04-02 PDF
World Surveillance Group Inc gained 20.49% in the last trading day ( Thursday, 2nd Apr 2020 ), rising from $0.23 to $0.28 During the day the stock fluctuated 31.92% from a day low at $0.24 to a day high of $0.32. The price has risen in 6 of the last 10 days and is up by 32.43% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 8.39 million more shares were traded than the day before. In total, 11.75 million shares bought and sold for approximately $3.27 million.
GTE Stock Price Summary
- 30 day high of the GTE stock price was $0.72 and low was $0.18.
- 90 day high was $1.38 and low was $0.18.
- 52 week high for World Surveillance Group Inc - $2.64 and low - $0.18.
World Surveillance Group Inc lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -78.25% during the next 3 months and, with 90% probability hold a price between $0.00 and $0.08 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday March 20, 2020, which indicates further gains 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. World Surveillance Group Inc holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $0.50. On a fall, the stock will find some support from the short-term average at $0.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
GTE Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 55 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
GTE Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $0.26 and $0.24.
There is 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, World Surveillance Group Inc finds support just below today's level at $0.26. If this is broken, then the next support from accumulated volume will be at $0.24 and $0.23.
GTE Stock Risk
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.08 between high and low, or 31.92%. For the last week, the stock has had a daily average volatility of 22.00%.
Our recommended stop-loss: $0.27 (-3.90%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 9 days ago.)
22.00 %Average volatility
Very Low Low Medium High Very High
GTE Stock Evaluation
World Surveillance Group Inc 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 hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate candidate.
The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 27 votes on StockTwits.
Live Stock Chat Need an answer NOW?
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.