Gibson Energy Inc. Stock Forecast

Gibson Energy Inc. stock price ended at $16.70 on Friday, after losing 0.595%.
(Updated on May 17, 2024)

GBNXF Signals & Forecast

The Gibson Energy Inc. 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 $16.62 and $16.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.61%. Further rise is indicated until a new top pivot has been found. 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. 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 $16.68 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 $0.0100 between high and low, or 0.0599%. For the last week the stock has had daily average volatility of 0.253%.

Our recommended stop-loss: $15.91 (-4.76%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)

Trading Expectations (GBNXF) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Gibson Energy Inc. to open at $16.70, and during the day (based on 14 day Average True Range), to move between $16.54 and $16.86, which gives a possible trading interval of +/-$0.155 (+/-0.93%) up or down from last closing price. If Gibson Energy Inc. takes out the full calculated possible swing range there will be an estimated 1.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.68 (0.12%) than the resistance at $16.89 (1.14%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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 Gibson Energy Inc. of Monday, May 20, 2024

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