GulfMark Offshore Inc Fund Forecast
On Thursday, GulfMark Offshore Inc fund price gained an impressive 6.18%
(Updated on Nov 15, 2018)
The GulfMark Offshore Inc fund price gained 6.18% on the last trading day (Thursday, 15th Nov 2018), rising from $26.72 to $28.37. During the last trading day the fund fluctuated 8.35% from a day low at $26.70 to a day high of $28.93. The price has fallen in 6 of the last 10 days but is still up by 8343.45% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 99 thousand more shares were traded than the day before. In total, 113 thousand shares were bought and sold for approximately $3.22 million.
The fund lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -9.05% during the next 3 months and, with a 90% probability hold a price between $24.01 and $26.51 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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GLF Signals & Forecast
The GulfMark Offshore Inc fund holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the fund giving a positive forecast for the stock. On further gains, the fund will meet resistance from the short-term Moving Average at approximately $28.99. On a fall, the fund will find some support from the long-term average at approximately $8.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, November 14, 2018, and so far it has risen 6.18%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for GulfMark Offshore Inc fund
GulfMark Offshore Inc finds support from accumulated volume at $27.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $2.23 between high and low, or 8.35%. For the last week the fund has had daily average volatility of 6.70%.
Our recommended stop-loss: $27.20 (-4.14%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (GLF) For The Upcoming Trading Day Of Friday 16th
Since the stock is closer to the support from accumulated volume at $27.15 (4.30%) than the resistance at $29.61 (4.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GulfMark Offshore Inc fund A Buy?
GulfMark Offshore 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for GulfMark Offshore Inc of Friday, November 16, 2018
| Fair opening price November 16, 2018 | Current price |
|---|---|
| $28.00 ( 1.30%) | $28.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.23 | 6.56 % | |
| R2 | 29.38 | 3.55 % | ||
| R1 | 28.85 | 1.70 % | ||
| Current price: | 28.37 | |||
| Support | S1 | 27.15 | -4.31 % | |
| S2 | 26.62 | -6.16 % | ||
| S3 | 25.77 | -9.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.51 | 7.54 % | |
| R2 | 29.80 | 5.04 % | ||
| R1 | 29.61 | 4.37 % | ||
| Current price | 28.37 | |||
| Support | S1 | 27.15 | -4.30% | |
| S2 | 26.72 | -5.82% | ||
| S3 | 0 | . |
FAQ
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