Geopark Ltd Stock Forecast

Green day on Thursday for Geopark Ltd stock after gaining 0.93%
(Updated on Apr 18, 2024)

GPRK Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -2.01%. 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). The Geopark Ltd 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 $9.75 and $9.42. A breakdown below any of these levels will issue sell signals. 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. The stock had a Golden Star Signal on Tuesday, January 23, 2024 in the short-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 stock in question.

Support, Risk & Stop-loss for Geopark Ltd stock

Geopark Ltd finds support from accumulated volume at $9.70 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 $0.240 between high and low, or 2.48%. For the last week the stock has had daily average volatility of 3.08%.

Our recommended stop-loss: $9.39 (-3.80%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (GPRK) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Geopark Ltd to open at $9.77, and during the day (based on 14 day Average True Range), to move between $9.52 and $10.00, which gives a possible trading interval of +/-$0.240 (+/-2.46%) up or down from last closing price. If Geopark Ltd takes out the full calculated possible swing range there will be an estimated 4.91% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $9.82 (0.61%) than the support at $9.70 (0.61%), 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 Geopark Ltd stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Geopark Ltd stock to perform well in the short-term.

Current score: 1.428 Buy Candidate Unchanged

Predicted Opening Price for Geopark Ltd of Friday, April 19, 2024

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