\nGAN Limited\nStock Forecast
\n\n\nGAN Limited stock price up 0.667% on Tuesday
(Updated on Feb 27, 2024)\n
\n\nThe stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $1.50 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect GAN Limited stock with a 90% probability to be traded between $1.47 and $1.60 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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\nGAN Signals & Forecast
\nA buy signal was issued from a pivot bottom point on Thursday, February 22, 2024, and so far it has risen 0.667%. Further rise is indicated until a new top pivot has been found. 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. The GAN Limited 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 $1.53 and $1.54. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
\nSupport, Risk & Stop-loss for GAN Limited stock
\n\nGAN Limited finds support from accumulated volume at $1.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.\n
\n\nIn 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 $0.0300 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 2.58%\n
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\nOur recommended stop-loss:\n\n$1.43\n(-5.31%)\n (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)\n
\n\nTrading Expectations (GAN) For The Upcoming Trading Day Of Wednesday 28th\n
\n\nFor the upcoming trading day on Wednesday, 28th we expect GAN Limited to open at $1.51, and during the day (based on 14 day Average True Range),\nto move between $1.47 and $1.55,\nwhich gives a possible trading interval of +/-$0.0360 (+/-2.38%) up or down from last closing price.\nIf GAN Limited takes out the full calculated possible swing range there will be an estimated 4.77% move between the lowest and the highest trading price during the day.\n
\n\nSince the stock is closer to the support from accumulated volume at $1.50 (0.66%)\nthan the resistance at $1.56 (3.31%),\nour systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..\n
\nIs GAN Limited stock A Buy?
\n\nGAN Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.\n
\n\n\nCurrent score:\n-0.834\n\n\n\nHold/Accumulate\n\n\nUnchanged\n\n\n
\nPredicted Opening Price for GAN Limited of Wednesday, February 28, 2024
\nFair opening price February 28, 2024 | \nCurrent price | \n
---|---|
\n\n$1.51\n(\n0.221%)\n\n | \n\n$1.51\n | \n
The predicted opening price is based on yesterday's movements between high, low, and closing price.
News Digest
\nTrading levels for GAN
\nFibonacci Support & Resistance Levels
\n\n | \n | Level | \nPrice | \n\n |
---|---|---|---|---|
\n\n\n\n | \nResistance | \nR3 | \n1.54 | \n\n 2.21\n%\n | \n
R2 | \n1.53 | \n\n 1.45\n%\n | \n||
R1 | \n1.52 | \n\n 0.98\n%\n | \n||
Current price: | \n\n | \n | 1.51 | \n\n |
\n\n\n\n | \nSupport | \nS1 | \n1.50 | \n\n -0.538\n%\n | \n
S2 | \n1.49 | \n\n -1.01\n%\n | \n||
S3 | \n1.48 | \n\n -1.77\n%\n | \n
Accumulated Volume Support & Resistance Levels
\n\n | \n | Level | \nPrice | \n\n |
---|---|---|---|---|
\n\n\n\n | \nResistance | \nR3 | \n1.61 | \n\n 6.62\n%\n | \n
R2 | \n1.58 | \n\n 4.64\n%\n | \n||
R1 | \n1.56 | \n\n 3.31\n%\n | \n||
Current price | \n\n | \n | 1.51 | \n\n |
\n\n\n\n | \nSupport | \nS1 | \n1.50 | \n\n -0.662%\n | \n
S2 | \n1.49 | \n\n -1.32%\n | \n||
S3 | \n1.47 | \n\n -2.65%\n | \n
FAQ
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About GAN Limited
\n\n\n\n\nGAN Limited operates as a business-to-business (B2B) supplier of enterprise software-as-a-service solutions to online casino gaming and sports betting applications in the United States, Europe, Latin America, and internationally. The company operates in two segments, B2B and Business-to-Consumer (B2C). It offers and licenses GameSTACK, an internet gaming platform that provides turnkey technology solution for regulated real-money internet gambling... GAN Profile\n
Golden Star
\n\nTicker\n | \n\nDate\n | \n\nChange\n | \n\nPrice\n | \n
---|---|---|---|
\n\nMTCH \n\n | \n\n\nFeb 23\n\n | \n\n\n\n1.25%\n\n | \n\n\n$36.86\n\n | \n
\n\nORI \n\n | \n\n\nFeb 23\n\n | \n\n\n\n0.87%\n\n | \n\n\n$28.74\n\n | \n
\n\nLNC \n\n | \n\n\nFeb 23\n\n | \n\n\n\n1.28%\n\n | \n\n\n$27.34\n\n | \n
\n\nVWOB \n\n | \n\n\nFeb 21\n\n | \n\n\n\n0.514%\n\n | \n\n\n$62.29\n\n | \n
\n\nFALN \n\n | \n\n\nFeb 21\n\n | \n\n\n\n0.0378%\n\n | \n\n\n$26.48\n\n | \n
\n\nPHM \n\n | \n\n\nFeb 21\n\n | \n\n\n\n3.13%\n\n | \n\n\n$103.62\n\n | \n
\n\nAEL \n\n | \n\n\nFeb 21\n\n | \n\n\n\n0.163%\n\n | \n\n\n$55.24\n\n | \n
\n\nTMUS \n\n | \n\n\nFeb 20\n\n | \n\n\n\n1.59%\n\n | \n\n\n$162.05\n\n | \n
\n\nCHE \n\n | \n\n\nFeb 20\n\n | \n\n\n\n1.80%\n\n | \n\n\n$586.04\n\n | \n
\n\nMTD \n\n | \n\n\nFeb 16\n\n | \n\n\n\n2.17%\n\n | \n\n\n$1,187.44\n\n | \n
Top Fintech Company
\n featured in The Global Fintech Index 2020 as the top Fintech company of the country.
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