Gas Natural SDG Stock Forecast

Gas Natural SDG stock price down 0% on Monday
(Updated on Jun 17, 2024)

GASNY Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has fallen 0%. Further rise is indicated 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. The Gas Natural SDG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $4.66 and $5.13. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Monday, June 03, 2024 with a target of $5.20. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

Support, Risk & Stop-loss for Gas Natural SDG stock

Gas Natural SDG finds support from accumulated volume at $4.37 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 3.53%

Gas Natural SDG is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: $4.19 (-6.70%) (This stock has low daily movements and this gives low risk. Low RSI14 is 15 which reduces the risk some. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (GASNY) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Gas Natural SDG to open at $4.49, and during the day (based on 14 day Average True Range), to move between $4.39 and $4.59, which gives a possible trading interval of +/-$0.100 (+/-2.23%) up or down from last closing price. If Gas Natural SDG takes out the full calculated possible swing range there will be an estimated 4.46% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $4.57 (1.78%) than the support at $4.37 (2.76%), 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 Gas Natural SDG stock A Buy?

Gas Natural SDG holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Gas Natural SDG of Tuesday, June 18, 2024

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