The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Graphjet Technology shares valued at $1,145,638 were sold by SURIA SUKSES ENGINEERING SDN B on Jan 14 ’25. At $0.46 per share, SURIA SUKSES ENGINEERING SDN B sold 2,490,517 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, SURIA SUKSES ENGINEERING SDN B sold 2,000,000 shares, netting a total of over 840,000 in proceeds. Following the sale of shares at $0.42 each, the insider now holds 2,490,517 shares.
Before that, SURIA SUKSES ENGINEERING SDN B had sold 2,500,000 shares from its account. In a trade valued at $1,150,000, the 10% Owner traded Graphjet Technology shares for $0.46 each. Upon closing the transaction, the insider’s holdings decreased to 2,500,000 shares, worth approximately $1.39 million.
Analyzing GTI Stock Performance
During the last five days, there has been a surge of approximately 2.51%. Over the course of the year, Graphjet Technology shares have dropped approximately -66.00%. Shares of the company reached a 52-week high of $1.3900 on 01/02/25 and a 52-week low of $0.2384 on 01/22/25. A 50-day SMA is recorded $1.3809, while a 200-day SMA reached $3.4916. Nevertheless, trading volume fell to 1.5 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Graphjet Technology (GTI)
According to the 24-hour chart, there is a support level at 0.2888, which, if violated, would cause prices to drop to 0.2716. In the upper region, resistance lies at 0.3216. The next price resistance is at 0.3372. RSI (Relative Strength Index) is 36.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0684, which suggests the price will decrease in the coming days. Percent R is at 82.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
