Good Energy Group PLC Stock Forecast
Good Energy Group PLC stock price ended at £281.00 on Monday, after gaining 4.07%.
(Updated on Jun 17, 2024)
The Good Energy Group PLC stock price gained 4.07% on the last trading day (Monday, 17th Jun 2024), rising from £270.00 to £281.00. It has now gained 5 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 6.39% from a day low at £266.00 to a day high of £283.00. The price has risen in 7 of the last 10 days and is up by 6.04% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 77 thousand shares were bought and sold for approximately £21.51 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 lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.37% during the next 3 months and, with a 90% probability hold a price between £220.62 and £308.42 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GOOD.L Signals & Forecast
Mostly positive signals in the chart today. The Good Energy Group PLC 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 £260.93 and £257.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 16.60%. 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.
Support, Risk & Stop-loss for Good Energy Group PLC stock
Good Energy Group PLC finds support from accumulated volume at £268.00 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 £17.00 between high and low, or 6.39%. For the last week the stock has had daily average volatility of 4.69%.
Our recommended stop-loss: £271.78 (-3.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (GOOD.L) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Good Energy Group PLC to open at £276.67, and during the day (based on 14 day Average True Range), to move between £270.13 and £291.87, which gives a possible trading interval of +/-£10.87 (+/-3.87%) up or down from last closing price. If Good Energy Group PLC takes out the full calculated possible swing range there will be an estimated 7.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £268.00 (4.63%) than the resistance at £298.00 (6.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Good Energy Group PLC will release earnings BMO on Thursday, June 20, 2024. We will update the financials statements for Good Energy Group PLC, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.03% in the first trading day after earnings release.
Is Good Energy Group PLC stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.231 Buy Candidate Unchanged
Predicted Opening Price for Good Energy Group PLC of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| £276.67 ( 1.54%) | £281.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOOD.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 293.67 | 4.51% |
| R2 | 287.17 | 2.20% |
| R1 | 283.16 | 0.769% |
| Price | 281.00 | |
| S1 | 270.17 | -3.85% |
| S2 | 266.16 | -5.28% |
| S3 | 259.67 | -7.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 336.00 | 19.57% |
| R2 | 324.00 | 15.30% |
| R1 | 298.00 | 6.05% |
| Price | 281.00 | |
| S1 | 268.00 | -4.63% |
| S2 | 250.00 | -11.03% |
| S3 | 248.50 | -11.57% |
GOOD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jul 11, 2024 | £2.25 | 0.80% |
| 2 | Sep 28, 2023 | Sep 28, 2023 | Oct 27, 2023 | £1.00 | 0.439% |
| 3 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | £2.00 | 1.05% |
| 4 | Sep 22, 2022 | Sep 29, 2022 | Nov 10, 2022 | £0.750 | 0.370% |
| 5 | May 25, 2022 | Jun 09, 2022 | Jul 13, 2022 | £1.80 | 0.720% |
FAQ
Click here for our free guide on how to buy Good Energy Group PLC Stock.
