Georgia Power Co Series 2017A 5.00% ETF Forecast
Weaker technical forecast for Georgia Power Co Series 2017A 5.00% as ETF downgraded to Sell Candidate.
(Updated on May 02, 2024)
The Georgia Power Co Series 2017A 5.00% ETF price gained 0.578% on the last trading day (Thursday, 2nd May 2024), rising from $22.50 to $22.63. During the last trading day the ETF fluctuated 1.29% from a day low at $22.44 to a day high of $22.73. The price has risen in 6 of the last 10 days and is up by 0.35% over the past 2 weeks. Volume fell on the last day by -43 thousand shares and in total, 11 thousand shares were bought and sold for approximately $244.61 thousand. 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 ETF lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the ETF is expected to fall -3.96% during the next 3 months and, with a 90% probability hold a price between $21.15 and $23.54 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.
GPJA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2.58%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Georgia Power Co Series 2017A 5.00% ETF holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $23.79. On a fall, the ETF will find some support from the short-term average at $22.49. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
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 $22.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.290 between high and low, or 1.29%. For the last week the ETF has had daily average volatility of 1.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GPJA) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 to open at $22.60, and during the day (based on 14 day Average True Range), to move between $22.24 and $23.02, which gives a possible trading interval of +/-$0.391 (+/-1.73%) 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 3.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.50 (0.57%) than the resistance at $24.64 (8.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.004 Sell Candidate Downgraded
Predicted Opening Price for Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$22.60 ( 0.133%) | $22.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPJA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.89 | 1.15 % | |
R2 | 22.78 | 0.659 % | ||
R1 | 22.71 | 0.357 % | ||
Current price: | 22.63 | |||
Support | S1 | 22.49 | -0.622 % | |
S2 | 22.42 | -0.92 % | ||
S3 | 22.31 | -1.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24.94 | 10.21 % | |
R2 | 24.71 | 9.19 % | ||
R1 | 24.64 | 8.88 % | ||
Current price | 22.63 | |||
Support | S1 | 22.50 | -0.574% | |
S2 | 22.31 | -1.41% | ||
S3 | 22.06 | -2.52% |
GPJA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 27, 2024 | Mar 27, 2024 | Apr 01, 2024 | $0.313 | 1.27% |
2 | Dec 28, 2023 | Dec 28, 2023 | Jan 02, 2024 | $0.313 | 1.40% |
3 | Sep 28, 2023 | Sep 28, 2023 | Oct 02, 2023 | $0.313 | 1.37% |
4 | Jun 29, 2023 | Jun 29, 2023 | Jul 01, 2023 | $0.313 | 1.26% |
5 | Jun 28, 2023 | Mar 30, 2023 | Apr 01, 2023 | $0.313 | 1.25% |
FAQ
Click here for our free guide on how to buy Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 ETF.