Geopacific Resources Limited Stock Forecast

A very red day for Geopacific Resources Limited stock price after a -8.00% fall in the Monday trading session
(Updated on May 27, 2024)

GPR.AX Signals & Forecast

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 Geopacific Resources Limited 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 $0.0243 and $0.0247. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -20.69%. Further fall is indicated until a new bottom pivot has been found. Geopacific Resources Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Geopacific Resources Limited stock

Geopacific Resources Limited finds support from accumulated volume at $0.0220 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 $0.0020 between high and low, or 8.70%. For the last week, the stock has had daily average volatility of 6.67%.

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

Trading Expectations (GPR.AX) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect Geopacific Resources Limited to open at $0.0237, and during the day (based on 14 day Average True Range), to move between $0.0212 and $0.0248, which gives a possible trading interval of +/-$0.0018 (+/-7.88%) up or down from last closing price. If Geopacific Resources Limited takes out the full calculated possible swing range there will be an estimated 15.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.0240 (4.35%) than the support at $0.0220 (4.35%), 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 Geopacific Resources Limited stock A Buy?

The Geopacific Resources Limited stock holds several negative signals and despite the positive trend, we believe Geopacific Resources Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -4.405 Sell Candidate Downgraded

Predicted Opening Price for Geopacific Resources Limited of Tuesday, May 28, 2024

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