Genel Energy Plc Stock Forecast
Evaluation of Genel Energy Plc stock downgraded after the last trading session.
(Updated on May 08, 2024)
No changes to the price of Genel Energy Plc stock on the last trading day (Wednesday, 8th May 2024). During the last trading day the stock fluctuated 0% from a day low at £85.40 to a day high of £85.40. The price has risen in 5 of the last 10 days and is up by 0.23% over the past 2 weeks.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £83.35 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 7.92% during the next 3 months and, with a 90% probability hold a price between £89.95 and £102.80 at the end of this 3-month period.
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GENL.L Signals & Forecast
The Genel Energy Plc 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 £85.09 and £84.43. A breakdown below any of these levels will issue sell signals. 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, May 07, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Genel Energy Plc stock
Genel Energy Plc finds support from accumulated volume at £84.40 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.98%
Our recommended stop-loss: £81.97 (-4.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (GENL.L) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Genel Energy Plc to open at £85.40, and during the day (based on 14 day Average True Range), to move between £82.10 and £88.70, which gives a possible trading interval of +/-£3.30 (+/-3.86%) up or down from last closing price. If Genel Energy Plc takes out the full calculated possible swing range there will be an estimated 7.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £84.40 (1.17%) than the resistance at £86.70 (1.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Genel Energy Plc stock A Buy?
Genel Energy Plc 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. 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: 0.000 Hold/Accumulate Downgraded
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 Genel Energy Plc of Thursday, May 9, 2024
Fair opening price May 9, 2024 | Current price |
---|---|
£85.40 ( 0.00000000%) | £85.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GENL.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 85.40 | 0.00000000 % | |
R2 | 85.40 | 0.00000000 % | ||
R1 | 85.40 | 0.00000000 % | ||
Current price: | 85.40 | |||
Support | S1 | 85.40 | 0.00000000 % | |
S2 | 85.40 | 0.00000000 % | ||
S3 | 85.40 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 91.00 | 6.56 % | |
R2 | 89.20 | 4.45 % | ||
R1 | 86.70 | 1.52 % | ||
Current price | 85.40 | |||
Support | S1 | 84.40 | -1.17% | |
S2 | 84.00 | -1.64% | ||
S3 | 83.00 | -2.81% |
GENL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 20, 2023 | Apr 20, 2023 | Apr 20, 2023 | £9.66 | 8.21% |
2 | Aug 02, 2022 | Sep 15, 2022 | Oct 14, 2022 | £5.26 | 4.14% |
3 | Mar 15, 2022 | Apr 14, 2022 | May 18, 2022 | £9.23 | 5.43% |
4 | Aug 03, 2021 | Nov 11, 2021 | Dec 10, 2021 | £4.47 | 3.58% |
5 | Mar 18, 2021 | May 13, 2021 | Jun 14, 2021 | £7.10 | 4.44% |
FAQ
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