RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GEL
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Weaker technical forecast for Genesis Energy LP as stock downgraded to Hold/Accumulate.
(Updated on Jul 22, 2024)

Buy or Hold candidate since Jun 10, 2024 Gain 7.80% PDF

The Genesis Energy LP stock price gained 0.700% on the last trading day (Monday, 22nd Jul 2024), rising from $14.28 to $14.38. During the last trading day the stock fluctuated 2.04% from a day low at $14.22 to a day high of $14.51. The price has risen in 6 of the last 10 days and is up by 0.91% over the past 2 weeks. Volume fell on the last day by -28 thousand shares and in total, 144 thousand shares were bought and sold for approximately $2.07 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.88% during the next 3 months and, with a 90% probability hold a price between $16.18 and $17.76 at the end of this 3-month period.

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GEL Signals & Forecast

The Genesis Energy LP 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 $14.45. On a fall, the stock will find some support from the long-term average at approximately $13.77. 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. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, July 17, 2024, and so far it has fallen -2.97%. 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).

Support, Risk & Stop-loss for Genesis Energy LP stock

On the downside, the stock finds support just below today's level from accumulated volume at $13.25 and $13.10. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Genesis Energy LP finds support just below today's level at $13.25. If this is broken, then the next support from accumulated volume will be at $13.10 and $12.89.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.290 between high and low, or 2.04%. For the last week, the stock has had daily average volatility of 3.19%.

Our recommended stop-loss: $13.76 (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 33 days ago.)

Trading Expectations (GEL) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Genesis Energy LP to open at $14.37, and during the day (based on 14 day Average True Range), to move between $13.99 and $14.77, which gives a possible trading interval of +/-$0.390 (+/-2.72%) up or down from last closing price. If Genesis Energy LP takes out the full calculated possible swing range there will be an estimated 5.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.51 (0.90%) than the support at $13.25 (7.86%), 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 Genesis Energy LP stock A Buy?

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

Current score: -0.179 Hold/Accumulate Downgraded

Predicted Opening Price for Genesis Energy LP of Tuesday, July 23, 2024

Fair opening price July 23, 2024 Current price
$14.37 ( 0.0695%) $14.38

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

Trading levels for GEL

Fibonacci Support & Resistance Levels

Level Price
R3 14.66 1.95%
R2 14.55 1.18%
R1 14.48 0.701%
Price 14.38
S1 14.26 -0.84%
S2 14.19 -1.32%
S3 14.08 -2.09%

Accumulated Volume Support & Resistance Levels

Level Price
R3 14.82 3.06%
R2 14.54 1.11%
R1 14.51 0.90%
Price 14.38
S1 13.25 -7.86%
S2 13.10 -8.90%
S3 12.89 -10.36%

GEL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 10, 2024 Jul 31, 2024 Aug 14, 2024 $0.150 1.05%
2 Apr 11, 2024 Apr 29, 2024 May 15, 2024 $0.150 1.16%
3 Jan 10, 2024 Jan 30, 2024 Feb 14, 2024 $0.150 1.37%
4 Oct 11, 2023 Oct 30, 2023 Nov 14, 2023 $0.150 1.28%
5 Jul 12, 2023 Jul 28, 2023 Aug 14, 2023 $0.150 1.60%

FAQ

What is the symbol for Genesis Energy LP Stock and on which exchange is it traded?
The symbol for Genesis Energy LP is GEL and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Genesis Energy LP Stock?
Genesis Energy LP 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Genesis Energy LP Stock?
Genesis Energy LP Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Genesis Energy LP Stock.

What's the current price of Genesis Energy LP Stock?
As of the end of day on the Jul 22, 2024, the price of an Genesis Energy LP (GEL) share was $14.38.

What is the 52-week high and low for Genesis Energy LP Stock?
The 52-week high for Genesis Energy LP Stock is $15.17 and the 52-week low is $8.05.

What is the market capitalization of Genesis Energy LP Stock?
As of the Jul 22, 2024, the market capitalization of Genesis Energy LP is 1.76B.

When is the next earnings date for Genesis Energy LP?
The upcoming earnings date for Genesis Energy LP is Aug 01, 2024.
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About Genesis Energy LP

Genesis Energy LP Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deepwater pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico. This segment owns interests in approximately 1,422 miles of crude oil pipelines located offshore in th... GEL Profile

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