General Employment Enterprises, Inc Stock Forecast
General Employment Enterprises, Inc stock price down 0.0936% on Friday
(Updated on Apr 26, 2024)
The General Employment Enterprises, Inc stock price fell by -0.0936% on the last day (Friday, 26th Apr 2024) from $0.321 to $0.320. During the last trading day the stock fluctuated 4.40% from a day low at $0.316 to a day high of $0.330. The price has fallen in 7 of the last 10 days and is down by -7.8% for this period. Volume has increased on the last day by 9 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, 99 thousand shares were bought and sold for approximately $31.69 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.312 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -25.08% during the next 3 months and, with a 90% probability hold a price between $0.234 and $0.274 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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JOB Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 0.708%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The General Employment Enterprises, Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.324 and $0.351. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). General Employment Enterprises, 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for General Employment Enterprises, Inc stock
General Employment Enterprises, Inc finds support from accumulated volume at $0.320 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.0139 between high and low, or 4.40%. For the last week, the stock has had daily average volatility of 6.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JOB) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect General Employment Enterprises, Inc to open at $0.322, and during the day (based on 14 day Average True Range), to move between $0.303 and $0.337, which gives a possible trading interval of +/-$0.0168 (+/-5.25%) up or down from last closing price. If General Employment Enterprises, Inc takes out the full calculated possible swing range there will be an estimated 10.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.320 (0.06%) than the resistance at $0.378 (18.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is General Employment Enterprises, Inc stock A Buy?
General Employment Enterprises, Inc 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: -3.407 Sell Candidate Unchanged
Predicted Opening Price for General Employment Enterprises, Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $0.322 ( 0.573%) | $0.320 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JOB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.336 | 4.91 % | |
| R2 | 0.331 | 3.26 % | ||
| R1 | 0.327 | 2.23 % | ||
| Current price: | 0.320 | |||
| Support | S1 | 0.317 | -1.09 % | |
| S2 | 0.313 | -2.11 % | ||
| S3 | 0.308 | -3.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.397 | 23.92 % | |
| R2 | 0.383 | 19.61 % | ||
| R1 | 0.378 | 18.05 % | ||
| Current price | 0.320 | |||
| Support | S1 | 0.320 | -0.0625% | |
| S2 | 0.318 | -0.703% | ||
| S3 | 0 | . |
JOB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 19, 2007 | Dec 12, 2007 | Jan 11, 2008 | $1.00 | 6.25% |
| 2 | Nov 20, 2006 | Dec 13, 2006 | Jan 09, 2007 | $1.00 | 5.46% |
| 3 | Sep 26, 2000 | Dec 13, 2000 | Jan 16, 2001 | $2.50 | 8.33% |
| 4 | Nov 15, 1999 | Dec 15, 1999 | Jan 18, 2000 | $0.500 | 1.00% |
| 5 | Nov 17, 1998 | Dec 14, 1998 | Jan 15, 1999 | $0.435 | 0.792% |
FAQ
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