Geopark Ltd Stock Forecast
Evaluation of Geopark Ltd stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Geopark Ltd stock price fell by -1.24% on the last day (Thursday, 25th Apr 2024) from $9.67 to $9.55. During the last trading day the stock fluctuated 1.79% from a day low at $9.49 to a day high of $9.66. The price has fallen in 6 of the last 10 days and is down by -2.95% for this period. Volume has increased on the last day by 113 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 326 thousand shares were bought and sold for approximately $3.11 million.
The stock has broken the strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $9.60. A reaction back to this level may hold a second chance to get out before further falls.
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GPRK Signals & Forecast
There are few to no technical positive signals at the moment. The Geopark Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $9.72 and $9.59. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -4.12%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Geopark Ltd stock
Geopark Ltd finds support from accumulated volume at $9.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.170 between high and low, or 1.79%. For the last week the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GPRK) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Geopark Ltd to open at $9.57, and during the day (based on 14 day Average True Range), to move between $9.32 and $9.78, which gives a possible trading interval of +/-$0.231 (+/-2.42%) up or down from last closing price. If Geopark Ltd takes out the full calculated possible swing range there will be an estimated 4.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.46 (0.94%) than the resistance at $9.70 (1.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Geopark Ltd will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.720. We will update the financials statements for Geopark Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.11% in the first trading day after earnings release.
Is Geopark Ltd stock A Buy?
The Geopark Ltd stock holds several negative signals and despite the positive trend, we believe Geopark Ltd will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.811 Sell Candidate Downgraded
Predicted Opening Price for Geopark Ltd of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $9.57 ( 0.175%) | $9.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPRK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.74 | 1.95 % | |
| R2 | 9.67 | 1.27 % | ||
| R1 | 9.63 | 0.85 % | ||
| Current price: | 9.55 | |||
| Support | S1 | 9.50 | -0.505 % | |
| S2 | 9.46 | -0.93 % | ||
| S3 | 9.40 | -1.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.96 | 4.29 % | |
| R2 | 9.82 | 2.83 % | ||
| R1 | 9.70 | 1.57 % | ||
| Current price | 9.55 | |||
| Support | S1 | 9.46 | -0.94% | |
| S2 | 9.45 | -1.05% | ||
| S3 | 9.11 | -4.61% |
GPRK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2024 | Mar 19, 2024 | Mar 28, 2024 | $0.136 | 1.42% |
| 2 | Nov 08, 2023 | Nov 24, 2023 | Dec 11, 2023 | $0.130 | 1.52% |
| 3 | Aug 09, 2023 | Aug 23, 2023 | Sep 07, 2023 | $0.132 | 1.43% |
| 4 | May 03, 2023 | May 17, 2023 | May 31, 2023 | $0.130 | 1.36% |
| 5 | Mar 08, 2023 | Mar 21, 2023 | Mar 31, 2023 | $0.130 | 1.14% |
FAQ
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