Gas Plus S.p.A. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Gas Plus S.p.A. stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Jun 27, 2024)
The Gas Plus S.p.A. stock price gained 1.61% on the last trading day (Thursday, 27th Jun 2024), rising from 2.48€ to 2.52€. During the last trading day the stock fluctuated 1.61% from a day low at 2.48€ to a day high of 2.52€. The price has been going up and down for this period, and there has been a 2.02% gain for the last 2 weeks. Volume fell on the last day by -26 thousand shares and in total, 15 thousand shares were bought and sold for approximately 36.71€ 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 stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.76% during the next 3 months and, with a 90% probability hold a price between 2.49€ and 2.74€ at the end of this 3-month period.
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GSP.MI Signals & Forecast
The Gas Plus S.p.A. 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 2.48€ and 2.48€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 4.56%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Gas Plus S.p.A. stock
Gas Plus S.p.A. finds support from accumulated volume at 2.48€ 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 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 stock During the last day, the stock moved 0.0400€ between high and low, or 1.61%. For the last week the stock has had daily average volatility of 2.29%
Our recommended stop-loss: 2.39€ (-5.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (GSP.MI) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Gas Plus S.p.A. to open at 2.51€, and during the day (based on 14 day Average True Range), to move between 2.47€ and 2.57€, which gives a possible trading interval of +/-0.0536€ (+/-2.13%) up or down from last closing price. If Gas Plus S.p.A. takes out the full calculated possible swing range there will be an estimated 4.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 2.53€ (0.40%) than the support at 2.48€ (1.59%), 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 Gas Plus S.p.A. 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 Gas Plus S.p.A. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.183 Buy Candidate Upgraded
Predicted Opening Price for Gas Plus S.p.A. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| 2.51€ ( 0.529%) | 2.52€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GSP.MI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.55 | 1.06% |
| R2 | 2.53 | 0.452% |
| R1 | 2.52 | 0.0772% |
| Price | 2.52 | |
| S1 | 2.49 | -1.14% |
| S2 | 2.48 | -1.51% |
| S3 | 2.47 | -2.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.57 | 1.98% |
| R2 | 2.54 | 0.794% |
| R1 | 2.53 | 0.397% |
| Price | 2.52 | |
| S1 | 2.48 | -1.59% |
| S2 | 2.37 | -5.95% |
| S3 | 2.31 | -8.33% |
GSP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 29, 2024 | Jul 29, 2024 | Jul 31, 2024 | 0.150€ | 5.95% |
| 2 | Jul 31, 2023 | Jul 31, 2023 | Jul 31, 2023 | 0.0500€ | 1.88% |
| 3 | Jul 18, 2022 | Jul 18, 2022 | Jul 18, 2022 | 0.0500€ | 1.47% |
| 4 | May 23, 2016 | May 23, 2016 | May 23, 2016 | 0.100€ | 3.41% |
| 5 | May 25, 2015 | May 25, 2015 | May 25, 2015 | 0.100€ | 2.50% |
FAQ
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