Help us make better tools for you!. Read more (Published: 2017-01-12)

GXP - Great Plains Energy Inc Fri 13'th Jan 2017

Industry: Electric Utilities Sector: Utilities
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Hold/Accumulate

Score: -0.20

#3722 of 5193
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 88.24%
Risk: Low
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Stock analysis for Fri 13'th Jan 2017 (Updated daily)

Hold candidate since 2017-01-13

Great Plains Energy Inc Stock Analysis


Great Plains Energy Inc fell by -0.40% in the last day, from USD 27.46 to USD 27.35. The price has risen in 6 of the last 10 days days, but is still down by -0.91% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.06 million shares and in total there were 1.56 million shares bought and sold for approx. USD 42.59 million.

Trend

Given the current horizontal trend you can expect Great Plains Energy Inc with 90% probability to be traded between USD 25.81 and USD 28.12 at the end of this period with 90% probability. 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 roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

Great Plains Energy Inc holds a sales 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 stock. On further gains, the stock will meet resistance from the short-term moving average at approximately USD 27.54. On a fall, the stock will find some support from the long-term average at approximately USD 27.27. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Wednesday December 28, 2016, which indicates further gains 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

RSI14 is 45 and the stock is currently not being overbought or oversold

Support & Resistance

Great Plains Energy Inc finds support from accumulated volume at USD 27.26, USD 27.15, and USD 26.94. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 27.55, USD 28.01 and USD 28.44.

The stock is about to test the resistance from accumulated volume at USD 27.55 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day the stock moved USD 0.33 between high and low, and this equals 1.21%. For the last week, the stock has had a daily average volatility of 1.80%.

Our recommended stoploss: USD 27.33 (-0.07%) ( criteria: risk and position in trend)

Evaluation

Great Plains Energy Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend a hold or accumulate position awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate


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