GSE Systems, Inc Stock Forecast
Volatile ride for GSE Systems, Inc stock price on Wednesday moving between $2.20 and $2.47
(Updated on Mar 27, 2024)
The GSE Systems, Inc stock price fell by -0.420% on the last day (Wednesday, 27th Mar 2024) from $2.38 to $2.37. During the last trading day the stock fluctuated 12.27% from a day low at $2.20 to a day high of $2.47. The price has fallen in 6 of the last 10 days but is still up by 9.22% over the past 2 weeks. Volume has increased on the last day by 33 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 68 thousand shares were bought and sold for approximately $160.07 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 52.02% during the next 3 months and, with a 90% probability hold a price between $3.06 and $4.24 at the end of this 3-month period.
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GVP Signals & Forecast
The GSE Systems, Inc 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 $2.46. On a fall, the stock will find some support from the long-term average at approximately $2.12. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, March 20, 2024, and so far it has fallen -12.55%. Further fall is indicated until a new bottom pivot has been found. GSE Systems, Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for GSE Systems, Inc stock
GSE Systems, Inc finds support from accumulated volume at $2.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the 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 $0.270 between high and low, or 12.27%. For the last week, the stock has had daily average volatility of 11.34%.
Our recommended stop-loss: $2.25 (-4.96%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (GVP) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect GSE Systems, Inc to open at $2.35, and during the day (based on 14 day Average True Range), to move between $2.10 and $2.64, which gives a possible trading interval of +/-$0.268 (+/-11.29%) up or down from last closing price. If GSE Systems, Inc takes out the full calculated possible swing range there will be an estimated 22.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.31 (2.53%) than the resistance at $2.47 (4.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GSE Systems, Inc stock A Buy?
GSE Systems, 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 a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.181 Hold/Accumulate Downgraded
Predicted Opening Price for GSE Systems, Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$2.35 ( 0.98%) | $2.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GVP
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.62 | 10.41 % | |
R2 | 2.51 | 6.06 % | ||
R1 | 2.45 | 3.37 % | ||
Current price: | 2.37 | |||
Support | S1 | 2.24 | -5.34 % | |
S2 | 2.18 | -8.03 % | ||
S3 | 2.08 | -12.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.61 | 10.13 % | |
R2 | 2.58 | 8.86 % | ||
R1 | 2.47 | 4.22 % | ||
Current price | 2.37 | |||
Support | S1 | 2.31 | -2.53% | |
S2 | 2.10 | -11.39% | ||
S3 | 1.89 | -20.25% |
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