RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GNE
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Genie Energy Ltd stock price ended at $15.08 on Thursday, after gaining 1.07%.
(Updated on Mar 28, 2024)

Sell candidate since Mar 11, 2024 Loss -12.07% PDF

The Genie Energy Ltd stock price gained 1.07% on the last trading day (Thursday, 28th Mar 2024), rising from $14.92 to $15.08. During the last trading day the stock fluctuated 2.83% from a day low at $14.67 to a day high of $15.08. The price has been going up and down for this period, and there has been a -6.28% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 488 thousand more shares were traded than the day before. In total, 625 thousand shares were bought and sold for approximately $9.42 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $14.22 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -33.92% during the next 3 months and, with a 90% probability hold a price between $9.40 and $12.97 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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GNE Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.31%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Genie Energy Ltd 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 $15.33 and $17.33. 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).

Support, Risk & Stop-loss for Genie Energy Ltd stock

Genie Energy Ltd finds support from accumulated volume at $15.05 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.415 between high and low, or 2.83%. For the last week, the stock has had daily average volatility of 3.89%.

Genie Energy Ltd is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GNE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Genie Energy Ltd to open at $14.94, and during the day (based on 14 day Average True Range), to move between $14.37 and $15.79, which gives a possible trading interval of +/-$0.710 (+/-4.71%) up or down from last closing price. If Genie Energy Ltd takes out the full calculated possible swing range there will be an estimated 9.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.05 (0.20%) than the resistance at $15.90 (5.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Genie Energy Ltd stock A Buy?

Genie Energy Ltd holds several negative signals and is within a very wide 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.

Current score: -2.116 Sell Candidate Unchanged

Predicted Opening Price for Genie Energy Ltd of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$14.94 ( 0.92%) $15.08

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GNE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.36 1.83 %
R2 15.20 0.783 %
R1 15.10 0.134 %
Current price: 15.08
Support S1 14.78 -1.97 %
S2 14.69 -2.62 %
S3 14.53 -3.67 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 18.24 20.95 %
R2 17.15 13.73 %
R1 15.90 5.44 %
Current price 15.08
Support S1 15.05 -0.199%
S2 14.85 -1.53%
S3 14.74 -2.25%

GNE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 08, 2024 Feb 16, 2024 Feb 28, 2024 $0.0750 0.416%
2 Nov 06, 2023 Nov 10, 2023 Nov 21, 2023 $0.0750 0.300%
3 Aug 07, 2023 Aug 11, 2023 Aug 21, 2023 $0.0750 0.487%
4 May 08, 2023 May 18, 2023 May 30, 2023 $0.0750 0.529%
5 Feb 09, 2023 Feb 17, 2023 Mar 01, 2023 $0.0750 0.639%

FAQ

What is the symbol for Genie Energy Ltd Stock and on which exchange is it traded?
The symbol for Genie Energy Ltd is GNE and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Genie Energy Ltd Stock?
Genie Energy Ltd holds several negative signals and is within a very wide 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.

How to buy Genie Energy Ltd Stock?
Genie Energy Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Genie Energy Ltd Stock.

What's the current price of Genie Energy Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Genie Energy Ltd (GNE) share was $15.08.

What is the 52-week high and low for Genie Energy Ltd Stock?
The 52-week high for Genie Energy Ltd Stock is $30.90 and the 52-week low is $12.95.

What is the market capitalization of Genie Energy Ltd Stock?
As of the 2024-03-28, the market capitalization of Genie Energy Ltd is 412.586M.

When is the next earnings date for Genie Energy Ltd?
The upcoming earnings date for Genie Energy Ltd is May 06, 2024.
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About Genie Energy Ltd

Genie Energy Ltd Genie Energy Ltd., through its subsidiaries, supplies electricity and natural gas to residential and small business customers in the United States, Finland, Sweden, Japan, and internationally. It operates in three segments: Genie Retail Energy (GRE); GRE International; and Genie Renewables. The company also engages in the provision of energy advisory and brokerage services; solar panel manufacturing and distribution; solar installation design; an... GNE Profile

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