Gulf Keystone Petroleum Ltd. 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
Gulf Keystone Petroleum Ltd. stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Jun 24, 2024)
No changes to the price of Gulf Keystone Petroleum Ltd. stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $1.99 to a day high of $1.99. The price has been going up and down for this period, and there has been a 15.7% gain for the last 2 weeks.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $2.01 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 37.16% during the next 3 months and, with a 90% probability hold a price between $2.28 and $2.76 at the end of this 3-month period.
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GUKYF Signals & Forecast
The Gulf Keystone Petroleum 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 $1.84 and $1.66. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen 0%. 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). 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 Gulf Keystone Petroleum Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.75 and $1.72. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Gulf Keystone Petroleum Ltd. finds support just below today's level at $1.75. If this is broken, then the next support from accumulated volume will be at $1.72 and $1.69.
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 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
The Gulf Keystone Petroleum Ltd. stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $1.93 (-3.08%) (This stock has low daily movements and this gives low risk. The RSI14 is 96 and this increases the risk substantially. There is a sell signal from a pivot top found 29 days ago.)
Trading Expectations (GUKYF) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Gulf Keystone Petroleum Ltd. to open at $1.99, and during the day (based on 14 day Average True Range), to move between $1.96 and $2.02, which gives a possible trading interval of +/-$0.0338 (+/-1.70%) up or down from last closing price. If Gulf Keystone Petroleum Ltd. takes out the full calculated possible swing range there will be an estimated 3.39% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.75, some $0.240 (12.06%) from the current price of $1.99, our system finds the risk reward attractive.
Is Gulf Keystone Petroleum 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 Gulf Keystone Petroleum Ltd. 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: 2.472 Buy Candidate Upgraded
Predicted Opening Price for Gulf Keystone Petroleum Ltd. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $1.99 ( 0%) | $1.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GUKYF
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.99 | - |
| R2 | 1.99 | - |
| R1 | 1.99 | - |
| Price | 1.99 | |
| S1 | 1.99 | - |
| S2 | 1.99 | - |
| S3 | 1.99 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1.99 | |
| S1 | 1.75 | -12.06% |
| S2 | 1.72 | -13.57% |
| S3 | 1.69 | -15.22% |
GUKYF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2023 | Feb 16, 2023 | Feb 16, 2023 | $0.116 | 4.44% |
| 2 | Sep 22, 2022 | Sep 22, 2022 | Sep 22, 2022 | $0.116 | 4.77% |
| 3 | Jul 14, 2022 | Jul 14, 2022 | Jul 14, 2022 | $0.231 | 9.51% |
| 4 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | $0.116 | 3.63% |
| 5 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | $0.303 | 9.84% |
FAQ
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