Gore Street Energy Storage Fund Plc Trust Forecast
Red day on Wednesday for Gore Street Energy Storage Fund Plc
(Updated on Jun 19, 2024)
No changes to the price of Gore Street Energy Storage Fund Plc trust on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the trust fluctuated 0% from a day low at £66.20 to a day high of £66.20. The price has risen in 5 of the last 10 days and is up by 1.85% over the past 2 weeks.
The trust lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £65.66 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the trust is expected to rise 2.60% during the next 3 months and, with a 90% probability hold a price between £67.36 and £71.92 at the end of this 3-month period.
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GSF.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.608%. 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 Gore Street Energy Storage Fund Plc trust holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £66.86 and £66.32. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Gore Street Energy Storage Fund Plc trust
Gore Street Energy Storage Fund Plc finds support from accumulated volume at £65.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved £0 between high and low, or 0%. For the last week the trust has had daily average volatility of 3.05%
Our recommended stop-loss: £62.39 (-5.76%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (GSF.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Gore Street Energy Storage Fund Plc to open at £66.20, and during the day (based on 14 day Average True Range), to move between £64.22 and £68.18, which gives a possible trading interval of +/-£1.98 (+/-2.99%) up or down from last closing price. If Gore Street Energy Storage Fund Plc takes out the full calculated possible swing range there will be an estimated 5.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £65.70 (0.76%) than the resistance at £67.40 (1.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gore Street Energy Storage Fund Plc trust A Buy?
Gore Street Energy Storage Fund Plc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.186 Hold/Accumulate Unchanged
Predicted Opening Price for Gore Street Energy Storage Fund Plc of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| £66.20 ( 0%) | £66.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GSF.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 66.20 | - |
| R2 | 66.20 | - |
| R1 | 66.20 | - |
| Price | 66.20 | |
| S1 | 66.20 | - |
| S2 | 66.20 | - |
| S3 | 66.20 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 68.80 | 3.93% |
| R2 | 67.50 | 1.96% |
| R1 | 67.40 | 1.81% |
| Price | 66.20 | |
| S1 | 65.70 | -0.755% |
| S2 | 65.00 | -1.81% |
| S3 | 64.30 | -2.87% |
GSF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Apr 12, 2024 | £2.00 | 3.17% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | £2.00 | 2.22% |
| 3 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | £0.0200 | 0.0254% |
| 4 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | £1.50 | 1.62% |
| 5 | Mar 09, 2023 | Mar 16, 2023 | Apr 11, 2023 | £2.00 | 1.97% |
FAQ
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