Gibson Energy Inc. Stock Forecast

Red day on Tuesday for Gibson Energy Inc. stock after losing 0.721%
(Updated on May 07, 2024)

GBNXF Signals & Forecast

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. The Gibson Energy Inc. 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 $16.31 and $16.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -5.40%. Further fall is indicated until a new bottom pivot has been found. Gibson Energy Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, November 10, 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 Gibson Energy Inc. stock

Gibson Energy Inc. finds support from accumulated volume at $16.21 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 $0.0650 between high and low, or 0.400%. For the last week the stock has had daily average volatility of 0.678%.

Our recommended stop-loss: $15.57 (-4.20%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 32 days ago.)

Trading Expectations (GBNXF) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Gibson Energy Inc. to open at $16.27, and during the day (based on 14 day Average True Range), to move between $16.07 and $16.44, which gives a possible trading interval of +/-$0.185 (+/-1.14%) up or down from last closing price. If Gibson Energy Inc. takes out the full calculated possible swing range there will be an estimated 2.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.21 (0.26%) than the resistance at $16.58 (2.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gibson Energy Inc. stock A Buy?

Gibson Energy Inc. 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: 0.380 Hold/Accumulate Unchanged

Predicted Opening Price for Gibson Energy Inc. of Wednesday, May 8, 2024

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