RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GURE
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Green day on Wednesday for Gulf Resources
(Updated on Mar 27, 2024)

Buy candidate since Mar 25, 2024 Gain 10.37% PDF

The Gulf Resources stock price gained 4.20% on the last trading day (Wednesday, 27th Mar 2024), rising from $1.43 to $1.49. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.14% from a day low at $1.40 to a day high of $1.50. The price has risen in 5 of the last 10 days and is up by 9.56% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 48 thousand shares were bought and sold for approximately $71.78 thousand.

Given the current short-term trend, the stock is expected to fall -16.61% during the next 3 months and, with a 90% probability hold a price between $0.772 and $1.24 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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GURE Signals & Forecast

The Gulf Resources stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.31 and $1.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, January 22, 2024, and so far it has risen 29.57%. Further rise is indicated until a new top pivot has been found. Gulf Resources 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. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Gulf Resources stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.35 and $1.23. 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, Gulf Resources finds support just below today's level at $1.35. If this is broken, then the next support from accumulated volume will be at $1.23 and $1.15.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.100 between high and low, or 7.14%. For the last week, the stock has had daily average volatility of 8.35%.

Our recommended stop-loss: $1.43 (-3.86%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 46 days ago.)

Trading Expectations (GURE) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Gulf Resources to open at $1.46, and during the day (based on 14 day Average True Range), to move between $1.39 and $1.59, which gives a possible trading interval of +/-$0.0985 (+/-6.61%) up or down from last closing price. If Gulf Resources takes out the full calculated possible swing range there will be an estimated 13.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.61 (8.05%) than the support at $1.35 (9.40%), 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 Gulf Resources stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 4.680 Buy Candidate Unchanged

Predicted Opening Price for Gulf Resources of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$1.46 ( 1.79%) $1.49

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

Trading levels for GURE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.56 4.92 %
R2 1.53 2.36 %
R1 1.50 0.774 %
Current price: 1.49
Support S1 1.43 -4.35 %
S2 1.40 -5.94 %
S3 1.36 -8.50 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.65 10.74 %
R2 1.62 8.39 %
R1 1.61 8.05 %
Current price 1.49
Support S1 1.35 -9.40%
S2 1.23 -17.45%
S3 1.15 -22.82%

FAQ

What is the symbol for Gulf Resources Stock and on which exchange is it traded?
The symbol for Gulf Resources is GURE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Gulf Resources Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Gulf Resources Stock?
Gulf Resources Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Gulf Resources Stock.

What's the current price of Gulf Resources Stock?
As of the end of day on the 2024-03-27, the price of an Gulf Resources (GURE) share was $1.49.

What is the 52-week high and low for Gulf Resources Stock?
The 52-week high for Gulf Resources Stock is $3.13 and the 52-week low is $0.85.

What is the market capitalization of Gulf Resources Stock?
As of the 2024-03-27, the market capitalization of Gulf Resources is 15.544M.

When is the next earnings date for Gulf Resources?
The upcoming earnings date for Gulf Resources is Mar 29, 2024.
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About Gulf Resources

Gulf Resources, Inc., through its subsidiaries, manufactures and trades bromine and crude salt, chemical products, and natural gas in the People's Republic of China. It provides bromine for use in bromine compounds, intermediates in organic synthesis, brominated flame retardants, fumigants, water purification compounds, dyes, medicines, and disinfectants. The company also offers crude salt for use as a material in alkali and chlorine alkali produ... GURE Profile

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