Gaztransport & Technigaz Société Stock Forecast
Gaztransport & Technigaz Société stock price up 0.0814% on Tuesday
(Updated on Jul 02, 2024)
The Gaztransport & Technigaz Société stock price gained 0.0814% on the last trading day (Tuesday, 2nd Jul 2024), rising from 122.90€ to 123.00€. During the last trading day the stock fluctuated 1.89% from a day low at 121.90€ to a day high of 124.20€. The price has risen in 5 of the last 10 days and is up by 4.15% over the past 2 weeks. Volume fell on the last day by -32 thousand shares and in total, 82 thousand shares were bought and sold for approximately 10.04€ million. 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 wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.04% during the next 3 months and, with a 90% probability hold a price between 101.31€ and 113.40€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GTT.PA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 4.50%. 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). 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gaztransport & Technigaz Société 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 123.74€ and 128.31€. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Gaztransport & Technigaz Société stock
Gaztransport & Technigaz Société finds support from accumulated volume at 120.50€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 2.30€ between high and low, or 1.89%. For the last week, the stock has had daily average volatility of 2.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GTT.PA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Gaztransport & Technigaz Société Anonyme to open at 123.03€, and during the day (based on 14 day Average True Range), to move between 120.03€ and 125.97€, which gives a possible trading interval of +/-2.97€ (+/-2.42%) up or down from last closing price. If Gaztransport & Technigaz Société Anonyme takes out the full calculated possible swing range there will be an estimated 4.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 120.50€ (2.03%) than the resistance at 129.30€ (5.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gaztransport & Technigaz Société Anonyme stock A Buy?
Gaztransport & Technigaz Société holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.240 Sell Candidate Unchanged
Predicted Opening Price for Gaztransport & Technigaz Société Anonyme of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| 123.03€ ( 0.0271%) | 123.00€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GTT.PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 125.33 | 1.90% |
| R2 | 124.45 | 1.18% |
| R1 | 123.91 | 0.741% |
| Price | 123.00 | |
| S1 | 122.15 | -0.687% |
| S2 | 121.61 | -1.13% |
| S3 | 120.73 | -1.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 134.00 | 8.94% |
| R2 | 130.00 | 5.69% |
| R1 | 129.30 | 5.12% |
| Price | 123.00 | |
| S1 | 120.50 | -2.03% |
| S2 | 119.40 | -2.93% |
| S3 | 119.20 | -3.09% |
GTT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 18, 2024 | Jun 18, 2024 | Jun 20, 2024 | 2.51€ | 2.05% |
| 2 | Dec 12, 2023 | Dec 12, 2023 | Dec 14, 2023 | 1.85€ | 1.56% |
| 3 | Jun 12, 2023 | Jun 12, 2023 | Jun 12, 2023 | 1.55€ | 1.64% |
| 4 | Dec 13, 2022 | Dec 13, 2022 | Dec 13, 2022 | 1.55€ | 1.49% |
| 5 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | 1.75€ | 1.40% |
FAQ
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