GEPIC Energy Development Co Ltd Stock Forecast

GEPIC Energy Development Co Ltd stock price up 0.496% on Friday
(Updated on Apr 26, 2024)

000791.SZ Signals & Forecast

The GEPIC Energy Development Co Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ¥5.99 and ¥5.76. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -3.03%. 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). The stock had a Golden Star Signal on Tuesday, March 05, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for GEPIC Energy Development Co Ltd stock

GEPIC Energy Development Co Ltd finds support from accumulated volume at ¥6.01 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ¥0.0800 (1.33%) between high and low. For the last week, the stock has had daily average volatility of 2.42%.

Our recommended stop-loss: ¥5.83 (-4.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (000791.SZ) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect GEPIC Energy Development Co Ltd to open at ¥6.05, and during the day (based on 14 day Average True Range), to move between ¥5.90 and ¥6.26, which gives a possible trading interval of +/-¥0.183 (+/-3.00%) up or down from last closing price. If GEPIC Energy Development Co Ltd takes out the full calculated possible swing range there will be an estimated 6.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥6.12 (0.66%) than the support at ¥6.01 (1.15%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is GEPIC Energy Development Co Ltd stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GEPIC Energy Development Co Ltd stock to perform well in the short-term.

Current score: 2.230 Buy Candidate Unchanged

Predicted Opening Price for GEPIC Energy Development Co Ltd of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.