Getlink SE Stock Forecast
Getlink SE stock price ended at 16.56€ on Friday, after gaining 1.53%.
(Updated on May 03, 2024)
The Getlink SE stock price gained 1.53% on the last trading day (Friday, 3rd May 2024), rising from 16.31€ to 16.56€. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.55% from a day low at 16.41€ to a day high of 16.67€. The price has risen in 7 of the last 10 days and is up by 6.63% over the past 2 weeks. Volume fell on the last day by -343 thousand shares and in total, 634 thousand shares were bought and sold for approximately 10.51€ 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 has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 16.20€ is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach 17.14€ sometime during the next 3 months.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GET.PA Signals & Forecast
The Getlink SE 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 15.92€ and 15.67€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.77%. 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). 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.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 with a target of 16.56€. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Getlink SE stock
Getlink SE finds support from accumulated volume at 15.94€ 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 0.255€ between high and low, or 1.55%. For the last week the stock has had daily average volatility of 2.21%.
Our recommended stop-loss: 15.96€ (-3.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (GET.PA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Getlink SE to open at 16.55€, and during the day (based on 14 day Average True Range), to move between 16.21€ and 16.91€, which gives a possible trading interval of +/-0.354€ (+/-2.14%) up or down from last closing price. If Getlink SE takes out the full calculated possible swing range there will be an estimated 4.28% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 15.94€, some 0.625€ (3.77%) from the current price of 16.56€, our system finds the risk reward attractive.
Is Getlink SE stock A Buy?
Getlink SE 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 Getlink SE of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 16.55€ ( 0.0906%) | 16.56€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GET.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.80 | 1.45 % | |
| R2 | 16.70 | 0.86 % | ||
| R1 | 16.64 | 0.498 % | ||
| Current price: | 16.56 | |||
| Support | S1 | 16.45 | -0.679 % | |
| S2 | 16.39 | -1.04 % | ||
| S3 | 16.29 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 16.56 | |||
| Support | S1 | 15.94 | -3.77% | |
| S2 | 15.79 | -4.65% | ||
| S3 | 15.40 | -7.04% |
GET Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 03, 2024 | 0€ | 0% |
| 2 | May 30, 2024 | May 30, 2024 | Jun 05, 2024 | 0.550€ | 3.33% |
| 3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 0.500€ | 3.10% |
| 4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | 0.100€ | 0.545% |
| 5 | May 31, 2021 | May 31, 2021 | May 31, 2021 | 0.0500€ | 0.382% |
FAQ
Click here for our free guide on how to buy Getlink SE Stock.
