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Gibson Energy Inc. Stock Forecast TSX:GEI

$23.36 (-1.02%)

Volume: 325k

Closed: Jan 21, 2022

Hollow Logo Score: -3.317

Gibson Energy Inc. Stock Forecast

$23.36 (-1.02%)

Volume: 325k

Closed: Jan 21, 2022

Score Hollow Logo -3.317
Which way will GEI.TO go? Request
Key Stats
Trailing Dividend Rate 5.8% ($1.37)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 63 and the stock is currently not being overbought or oversold

Evaluation of Gibson Energy Inc. stock downgraded after the last trading session.
(Updated on Jan 21, 2022)


Sell candidate since 2022-01-21 PDF

The Gibson Energy Inc. stock price fell by -1.02% on the last day (Friday, 21st Jan 2022) from $23.60 to $23.36. During the day the stock fluctuated 2.29% from a day low at $23.14 to a day high of $23.67. The price has been going up and down for this period, and there has been a 0.73% gain for the last 2 weeks. Volume has increased on the last day by 103 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, 325 thousand shares were bought and sold for approximately $7.59 million.

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 $23.59 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 -6.43% during the next 3 months and, with a 90% probability hold a price between $19.86 and $22.07 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.

Signals & Forecast

The Gibson Energy Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $23.51. On a fall, the stock will find some support from the long-term average at approximately $22.78. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, January 18, 2022, and so far it has fallen -1.31%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

Gibson Energy Inc. finds support from accumulated volume at $23.35 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 $0.53 between high and low, or 2.29%. For the last week the stock has had a daily average volatility of 1.79%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Gibson Energy Inc. stock A Buy?

Gibson Energy Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.317

Sell Candidate Downgraded

Predicted Opening Price for Gibson Energy Inc. of Monday, January 24, 2022

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

Fair opening price January 24, 2022 Current price
$23.39 $23.36 (Undervalued)

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Volatility and Risk
Daily Average Volatility: 1.79 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.79 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $23.44
Price: $23.36
Support: $23.35

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 23.92 2.40 %
23.72 1.53 %
23.59 1.00 %
Current price: 23.36
Support 23.19 -0.74 %
23.06 -1.27 %
22.86 -2.14 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 24.25 3.81 %
24.20 3.60 %
23.44 0.34 %
Current price 23.36
Support 23.35 -0.0428%
23.11 -1.07%
22.30 -4.54%

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