Gama Aviation Plc Stock Forecast
Gama Aviation Plc stock price ended at £91.33 on Friday, after losing 0%.
(Updated on Apr 26, 2024)
No changes to the price of Gama Aviation Plc stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at £91.33 to a day high of £91.33. The price has been going up and down for this period, and there has been a -0.73% loss for the last 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Gama Aviation Plc stock with a 90% probability to be traded between £86.37 and £93.51 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GMAA.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gama Aviation Plc 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 £92.21 and £92.95. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
A sell signal from a double top formation was found on Tuesday, February 27, 2024 and based on theory for this formation the price should fall by -0.630% to £90.76 within 3 trading days since signal was issued (Monday, April 29, 2024).
Support, Risk & Stop-loss for Gama Aviation Plc stock
Gama Aviation Plc finds support from accumulated volume at £91.30 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 2.08%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GMAA.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Gama Aviation Plc to open at £91.33, and during the day (based on 14 day Average True Range), to move between £89.40 and £93.27, which gives a possible trading interval of +/-£1.93 (+/-2.12%) up or down from last closing price. If Gama Aviation Plc takes out the full calculated possible swing range there will be an estimated 4.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £91.30 (0.04%) than the resistance at £93.50 (2.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gama Aviation Plc stock A Buy?
Gama Aviation Plc holds several negative signals and is within a 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.
Current score: -2.025 Sell Candidate Unchanged
Predicted Opening Price for Gama Aviation Plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £91.33 ( 0.00000000%) | £91.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GMAA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 91.33 | 0.00000000 % | |
| R2 | 91.33 | 0.00000000 % | ||
| R1 | 91.33 | 0.00000000 % | ||
| Current price: | 91.33 | |||
| Support | S1 | 91.33 | 0.00000000 % | |
| S2 | 91.33 | 0.00000000 % | ||
| S3 | 91.33 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 96.50 | 5.66 % | |
| R2 | 95.00 | 4.01 % | ||
| R1 | 93.50 | 2.37 % | ||
| Current price | 91.33 | |||
| Support | S1 | 91.30 | -0.0361% | |
| S2 | 91.21 | -0.135% | ||
| S3 | 90.00 | -1.46% |
GMAA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2019 | Jul 04, 2019 | Jul 25, 2019 | £2.00 | 2.35% |
| 2 | Apr 26, 2018 | Jun 28, 2018 | Jul 25, 2018 | £2.75 | 1.37% |
| 3 | Mar 31, 2017 | Jun 29, 2017 | Jul 18, 2017 | £2.60 | 1.05% |
| 4 | Nov 07, 2014 | Dec 18, 2014 | Jan 19, 2015 | £2.30 | 0.82% |
FAQ
Click here for our free guide on how to buy Gama Aviation Plc Stock.
