Gibson Energy Inc. Stock Forecast
Gibson Energy Inc. stock price down 0.132% on Thursday
(Updated on Apr 25, 2024)
The Gibson Energy Inc. stock price fell by -0.132% on the last day (Thursday, 25th Apr 2024) from $22.75 to $22.72. During the last trading day the stock fluctuated 0.89% from a day low at $22.52 to a day high of $22.72. The price has fallen in 5 of the last 10 days and is down by -0.83% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -65 thousand shares and in total, 225 thousand shares were bought and sold for approximately $5.10 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $22.42 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 10.95% during the next 3 months and, with a 90% probability hold a price between $24.88 and $26.80 at the end of this 3-month period.
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GEI.TO Signals & Forecast
There are mixed signals in the stock today. The Gibson Energy Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $22.89. On a fall, the stock will find some support from the short-term average at $22.63. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -2.53%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Gibson Energy Inc. stock
Gibson Energy Inc. finds support from accumulated volume at $22.71 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 $0.200 between high and low, or 0.89%. For the last week the stock has had daily average volatility of 1.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GEI.TO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Gibson Energy Inc. to open at $22.65, and during the day (based on 14 day Average True Range), to move between $22.42 and $23.02, which gives a possible trading interval of +/-$0.298 (+/-1.31%) up or down from last closing price. If Gibson Energy Inc. takes out the full calculated possible swing range there will be an estimated 2.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.71 (0.04%) than the resistance at $22.81 (0.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Gibson Energy Inc. will release earnings BMO on Monday, April 29, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.470. We will update the financials statements for Gibson Energy Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.10% in the first trading day after earnings release.
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.
Current score: -2.548 Sell Candidate Unchanged
Predicted Opening Price for Gibson Energy Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $22.65 ( 0.293%) | $22.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GEI.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.85 | 0.587 % | |
| R2 | 22.78 | 0.251 % | ||
| R1 | 22.73 | 0.0428 % | ||
| Current price: | 22.72 | |||
| Support | S1 | 22.58 | -0.630 % | |
| S2 | 22.53 | -0.84 % | ||
| S3 | 22.45 | -1.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.20 | 2.11 % | |
| R2 | 23.00 | 1.23 % | ||
| R1 | 22.81 | 0.396 % | ||
| Current price | 22.72 | |||
| Support | S1 | 22.71 | -0.0440% | |
| S2 | 22.45 | -1.19% | ||
| S3 | 21.83 | -3.92% |
GEI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Mar 27, 2024 | Apr 17, 2024 | $0.410 | 1.84% |
| 2 | Oct 30, 2023 | Dec 28, 2023 | Jan 17, 2024 | $0.390 | 1.87% |
| 3 | Jul 31, 2023 | Sep 28, 2023 | Oct 17, 2023 | $0.390 | 1.88% |
| 4 | May 01, 2023 | Jun 29, 2023 | Jul 17, 2023 | $0.390 | 1.88% |
| 5 | Feb 21, 2023 | Mar 30, 2023 | Apr 17, 2023 | $0.390 | 1.72% |
FAQ
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