GSE Systems, Inc Stock Forecast

GSE Systems, Inc stock price up 2.67% on Tuesday
(Updated on Apr 23, 2024)

GVP Signals & Forecast

The GSE Systems, 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 $2.60 and $2.57. A breakdown below any of these levels will issue sell signals. GSE Systems, Inc 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. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -17.17%. 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).

Support, Risk & Stop-loss for GSE Systems, Inc stock

GSE Systems, Inc finds support from accumulated volume at $2.61 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.150 between high and low, or 5.70%. For the last week, the stock has had daily average volatility of 8.90%.

Our recommended stop-loss: $2.53 (-6.20%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (GVP) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect GSE Systems, Inc to open at $2.70, and during the day (based on 14 day Average True Range), to move between $2.43 and $2.97, which gives a possible trading interval of +/-$0.270 (+/-10.01%) up or down from last closing price. If GSE Systems, Inc takes out the full calculated possible swing range there will be an estimated 20.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.61 (3.34%) than the resistance at $3.04 (12.59%), 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?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GSE Systems, Inc stock to perform well in the short-term.

Current score: 2.302 Buy Candidate Unchanged

Predicted Opening Price for GSE Systems, Inc of Wednesday, April 24, 2024

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