Georgia Power Co Series 2017A 5.00% ETF Forecast

Georgia Power Co Series 2017A 5.00% ETF downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)

GPJA Signals & Forecast

The Georgia Power Co Series 2017A 5.00% ETF 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 ETF giving a positive forecast for the stock. On further gains, the ETF will meet resistance from the short-term Moving Average at approximately $25.23. On a fall, the ETF will find some support from the long-term average at approximately $24.03. 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. 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 Thursday, June 27, 2024, and so far it has fallen -1.02%. 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). Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely. The ETF had a Golden Star Signal on Wednesday, January 10, 2024 in the long-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 ETF in question.

Support, Risk & Stop-loss for Georgia Power Co Series 2017A 5.00% ETF

Georgia Power Co Series 2017A 5.00% finds support from accumulated volume at $25.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved $0.410 (1.64%) between high and low. For the last week, the ETF has had daily average volatility of 1.33%.

Our recommended stop-loss: $24.44 (-3.01%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 41 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 to open at $25.20, and during the day (based on 14 day Average True Range), to move between $24.89 and $25.51, which gives a possible trading interval of +/-$0.311 (+/-1.23%) up or down from last closing price. If Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 takes out the full calculated possible swing range there will be an estimated 2.47% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $25.33 (0.52%) than the support at $25.03 (0.67%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 ETF A Buy?

Georgia Power Co Series 2017A 5.00% holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.321 Hold/Accumulate Downgraded

Predicted Opening Price for Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 of Monday, July 1, 2024

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