Gamma Communications Plc Stock Forecast
Gamma Communications Plc stock downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Gamma Communications Plc stock price fell by -1.52% on the last day (Wednesday, 26th Jun 2024) from £1,444.00 to £1,422.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.59% from a day low at £1,409.50 to a day high of £1,446.00. The price has been going up and down for this period, and there has been a -1.25% loss for the last 2 weeks. Volume has increased on the last day by 9 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, 146 thousand shares were bought and sold for approximately £207.39 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £1,409.71 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.77% during the next 3 months and, with a 90% probability hold a price between £1,575.68 and £1,734.05 at the end of this 3-month period.
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GAMA.L Signals & Forecast
There are few to no technical positive signals at the moment. The Gamma Communications Plc 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 £1,450.86 and £1,445.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -4.95%. 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. The stock had a Golden Star Signal on Friday, December 15, 2023 in the long-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.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, December 15, 2023 in the long-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 Gamma Communications Plc stock
Gamma Communications Plc finds support from accumulated volume at £1,416.00 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 £36.50 between high and low, or 2.59%. For the last week the stock has had daily average volatility of 2.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GAMA.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Gamma Communications Plc to open at £1,425.83, and during the day (based on 14 day Average True Range), to move between £1,386.86 and £1,457.14, which gives a possible trading interval of +/-£35.14 (+/-2.47%) up or down from last closing price. If Gamma Communications Plc takes out the full calculated possible swing range there will be an estimated 4.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £1,416.00 (0.42%) than the resistance at £1,450.00 (1.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gamma Communications Plc stock A Buy?
The Gamma Communications Plc stock holds several negative signals and despite the positive trend, we believe Gamma Communications Plc 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: -4.418 Sell Candidate Downgraded
Predicted Opening Price for Gamma Communications Plc of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| £1,425.83 ( 0.270%) | £1,422.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAMA.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,462.33 | 2.84% |
| R2 | 1,448.39 | 1.86% |
| R1 | 1,439.78 | 1.25% |
| Price | 1,422.00 | |
| S1 | 1,411.89 | -0.711% |
| S2 | 1,403.28 | -1.32% |
| S3 | 1,389.33 | -2.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,486.00 | 4.50% |
| R2 | 1,468.00 | 3.23% |
| R1 | 1,450.00 | 1.97% |
| Price | 1,422.00 | |
| S1 | 1,416.00 | -0.422% |
| S2 | 1,348.00 | -5.20% |
| S3 | 1,322.00 | -7.03% |
GAMA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 20, 2024 | £11.40 | 0.772% |
| 2 | Sep 21, 2023 | Sep 21, 2023 | Oct 19, 2023 | £5.70 | 0.558% |
| 3 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £10.00 | 0.87% |
| 4 | Sep 06, 2022 | Sep 22, 2022 | Oct 20, 2022 | £5.00 | 0.478% |
| 5 | Mar 22, 2022 | Jun 01, 2022 | Jun 23, 2022 | £8.80 | 0.796% |
FAQ
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