Gaslog Partners Lp Stock Forecast
Gaslog Partners Lp stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Gaslog Partners Lp stock price fell by -0.772% on the last day (Friday, 28th Jun 2024) from $25.25 to $25.05. During the last trading day the stock fluctuated 1.20% from a day low at $25.00 to a day high of $25.30. The price has fallen in 5 of the last 10 days but is still up by 0.2% over the past 2 weeks. Volume has increased on the last day by 3 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, 4 thousand shares were bought and sold for approximately $111.12 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Gaslog Partners Lp stock with a 90% probability to be traded between $24.74 and $25.13 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GLOP-PA Signals & Forecast
There are few to no technical positive signals at the moment. The Gaslog Partners Lp stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $25.15 and $25.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -0.95%. 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). Gaslog Partners Lp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Gaslog Partners Lp stock
Gaslog Partners Lp finds support from accumulated volume at $25.04 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 $0.300 between high and low, or 1.20%. For the last week the stock has had daily average volatility of 0.575%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GLOP-PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Gaslog Partners Lp to open at $25.12, and during the day (based on 14 day Average True Range), to move between $24.89 and $25.21, which gives a possible trading interval of +/-$0.161 (+/-0.64%) up or down from last closing price. If Gaslog Partners Lp takes out the full calculated possible swing range there will be an estimated 1.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.04 (0.04%) than the resistance at $25.10 (0.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gaslog Partners Lp stock A Buy?
Gaslog Partners Lp holds several negative signals and is within a narrow and falling trend, so we believe 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: -3.246 Sell Candidate Downgraded
Predicted Opening Price for Gaslog Partners Lp of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $25.12 ( 0.266%) | $25.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLOP-PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.42 | 1.46% |
| R2 | 25.30 | 1.01% |
| R1 | 25.23 | 0.724% |
| Price | 25.05 | |
| S1 | 25.00 | -0.191% |
| S2 | 24.93 | -0.474% |
| S3 | 24.82 | -0.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.40 | 1.40% |
| R2 | 25.18 | 0.519% |
| R1 | 25.10 | 0.200% |
| Price | 25.05 | |
| S1 | 25.04 | -0.0399% |
| S2 | 25.00 | -0.200% |
| S3 | 24.90 | -0.599% |
GLOP-PA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 10, 2024 | $0.539 | 2.14% |
| 2 | Mar 07, 2024 | Mar 07, 2024 | Mar 07, 2024 | $0.539 | 2.20% |
| 3 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | $0.539 | 2.36% |
| 4 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | $0.539 | 2.24% |
| 5 | Jun 07, 2023 | Jun 07, 2023 | Jun 15, 2023 | $0.539 | 2.48% |
FAQ
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