GALP ENERGIA ADR Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
GALP ENERGIA ADR stock price down 0.428% on Friday
(Updated on May 03, 2024)
The GALP ENERGIA ADR stock price fell by -0.428% on the last day (Friday, 3rd May 2024) from $10.51 to $10.46. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 0.555% from a day low at $10.44 to a day high of $10.50. The price has fallen in 6 of the last 10 days but is still up by 23.64% over the past 2 weeks. 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 -35 thousand shares and in total, 38 thousand shares were bought and sold for approximately $399.60 thousand.
The stock lies in the middle of a very wide and 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 33.66% during the next 3 months and, with a 90% probability hold a price between $11.92 and $15.01 at the end of this 3-month period.
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GLPEY Signals & Forecast
The GALP ENERGIA ADR 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 $10.73. On a fall, the stock will find some support from the long-term average at approximately $9.06. 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. 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 Friday, April 26, 2024, and so far it has fallen -4.91%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Friday, February 16, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, February 16, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for GALP ENERGIA ADR stock
GALP ENERGIA ADR finds support from accumulated volume at $10.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0580 between high and low, or 0.555%. For the last week the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: $9.94 (-4.93%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (GLPEY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect GALP ENERGIA ADR to open at $10.47, and during the day (based on 14 day Average True Range), to move between $10.21 and $10.71, which gives a possible trading interval of +/-$0.255 (+/-2.44%) up or down from last closing price. If GALP ENERGIA ADR takes out the full calculated possible swing range there will be an estimated 4.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.29 (1.66%) than the resistance at $10.70 (2.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GALP ENERGIA ADR stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GALP ENERGIA ADR stock to perform well in the short-term.
Current score: 1.646 Buy Candidate Unchanged
Predicted Opening Price for GALP ENERGIA ADR of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $10.47 ( 0.0701%) | $10.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLPEY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.53 | 0.625 % | |
| R2 | 10.50 | 0.413 % | ||
| R1 | 10.49 | 0.282 % | ||
| Current price: | 10.46 | |||
| Support | S1 | 10.45 | -0.142 % | |
| S2 | 10.43 | -0.273 % | ||
| S3 | 10.41 | -0.484 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.95 | 4.68 % | |
| R2 | 10.74 | 2.68 % | ||
| R1 | 10.70 | 2.29 % | ||
| Current price | 10.46 | |||
| Support | S1 | 10.29 | -1.66% | |
| S2 | 8.53 | -18.45% | ||
| S3 | 7.85 | -24.95% |
GLPEY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 17, 2023 | Aug 25, 2023 | Sep 11, 2023 | $0.147 | 2.00% |
| 2 | May 25, 2023 | May 25, 2023 | Jun 09, 2023 | $0.141 | 2.48% |
| 3 | Sep 16, 2022 | Sep 22, 2022 | Oct 05, 2022 | $0.130 | 2.53% |
| 4 | May 06, 2022 | May 11, 2022 | May 25, 2022 | $0.132 | 2.14% |
| 5 | Sep 01, 2021 | Sep 14, 2021 | Oct 01, 2021 | $0.148 | 2.63% |
FAQ
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