Geo-Jade Petroleum Corporation Stock Forecast
Red day on Friday for Geo-Jade Petroleum Corporation
(Updated on Jun 28, 2024)
No changes to the price of Geo-Jade Petroleum Corporation stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 2.65% from a day low at $2.64 to a day high of $2.71. The price has been going up and down for this period, and there has been a 1.9% gain for the last 2 weeks.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $2.74 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.84% during the next 3 months and, with a 90% probability hold a price between $2.30 and $2.63 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
600759.SS Signals & Forecast
The Geo-Jade Petroleum Corporation 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 $2.64 and $2.63. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, June 26, 2024, and so far it has fallen -2.19%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Geo-Jade Petroleum Corporation stock
Geo-Jade Petroleum Corporation finds support from accumulated volume at $2.63 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.0700 between high and low, or 2.65%. For the last week, the stock has had daily average volatility of 4.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (600759.SS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Geo-Jade Petroleum Corporation to open at $2.68, and during the day (based on 14 day Average True Range), to move between $2.58 and $2.78, which gives a possible trading interval of +/-$0.100 (+/-3.74%) up or down from last closing price. If Geo-Jade Petroleum Corporation takes out the full calculated possible swing range there will be an estimated 7.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.71 (1.12%) than the support at $2.63 (1.87%), 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 Geo-Jade Petroleum Corporation stock A Buy?
Geo-Jade Petroleum Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.361 Sell Candidate Unchanged
Predicted Opening Price for Geo-Jade Petroleum Corporation of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $2.68 ( 0.124%) | $2.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 600759.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.75 | 2.49% |
| R2 | 2.72 | 1.49% |
| R1 | 2.70 | 0.87% |
| Price | 2.68 | |
| S1 | 2.65 | -1.12% |
| S2 | 2.63 | -1.74% |
| S3 | 2.61 | -2.74% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.76 | 2.99% |
| R2 | 2.74 | 2.24% |
| R1 | 2.71 | 1.12% |
| Price | 2.68 | |
| S1 | 2.63 | -1.87% |
| S2 | 2.61 | -2.61% |
| S3 | 2.59 | -3.36% |
600759 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2017 | Jul 12, 2017 | Jul 12, 2017 | $0.0100 | 0.167% |
| 2 | Jul 13, 2016 | Jul 13, 2016 | Jul 13, 2016 | $0.0160 | 0.190% |
| 3 | May 15, 2014 | May 15, 2014 | May 15, 2014 | $0.0092 | 0.114% |
| 4 | Aug 20, 2013 | Aug 20, 2013 | Aug 20, 2013 | $0.0715 | 1.97% |
| 5 | Jun 14, 2012 | Jun 14, 2012 | Jun 14, 2012 | $0.0462 | 1.05% |
FAQ
Click here for our free guide on how to buy Geo-Jade Petroleum Corporation Stock.
