Genesee & Wyoming Inc Stock Forecast
Red day on Friday for Genesee & Wyoming Inc
(Updated on Feb 14, 2020)
No changes to the price of Genesee & Wyoming Inc stock on the last trading day (Friday, 14th Feb 2020). During the last trading day the stock fluctuated 0% from a day low at $111.88 to a day high of $111.88. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Genesee & Wyoming Inc stock with a 90% probability to be traded between $111.66 and $113.25 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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GWR Signals & Forecast
The Genesee & Wyoming Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $111.88 and $111.73. A breakdown below any of these levels will issue sell signals. 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 Thursday, December 26, 2019, and so far it has fallen -0.0536%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, December 23, 2019 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Genesee & Wyoming Inc stock
Genesee & Wyoming Inc finds support from accumulated volume at $111.50 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 very controlled movements and therefore the general risk is considered very 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $107.40 (-4.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (GWR) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Genesee & Wyoming Inc to open at $111.88, and during the day (based on 14 day Average True Range), to move between $111.82 and $111.94, which gives a possible trading interval of +/-$0.0563 (+/-0.05%) up or down from last closing price. If Genesee & Wyoming Inc takes out the full calculated possible swing range there will be an estimated 0.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $111.94 (0.05%) than the support at $111.50 (0.34%), 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 Genesee & Wyoming Inc stock A Buy?
Genesee & Wyoming 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.
Current score: 0.223 Hold/Accumulate Unchanged
Predicted Opening Price for Genesee & Wyoming Inc of Tuesday, February 18, 2020
| Fair opening price February 18, 2020 | Current price |
|---|---|
| $111.88 ( 0%) | $111.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GWR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 111.88 | . | |
| R2 | 111.88 | . | ||
| R1 | 111.88 | . | ||
| Current price: | 111.88 | |||
| Support | S1 | 111.88 | . | |
| S2 | 111.88 | . | ||
| S3 | 111.88 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 111.94 | 0.0536 % | ||
| Current price | 111.88 | |||
| Support | S1 | 111.50 | -0.340% | |
| S2 | 110.69 | -1.06% | ||
| S3 | 110.16 | -1.54% |
FAQ
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