Geo Energy Resources Limited Stock Forecast
Red day on Thursday for Geo Energy Resources Limited
(Updated on May 02, 2024)
The Geo Energy Resources Limited stock price fell by -1.64% on the last day (Thursday, 2nd May 2024) from S$0.305 to S$0.300. During the last trading day the stock fluctuated 3.33% from a day low at S$0.300 to a day high of S$0.310. The price has fallen in 5 of the last 10 days and is down by -4.76% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -253 thousand shares and in total, 4 million shares were bought and sold for approximately S$1.17 million.
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 -26.61% during the next 3 months and, with a 90% probability hold a price between S$0.208 and S$0.243 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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RE4.SI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has fallen 0%. 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. The Geo Energy Resources Limited 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 S$0.307 and S$0.333. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Geo Energy Resources Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved S$0.0100 between high and low, or 3.33%. For the last week the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RE4.SI) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Geo Energy Resources Limited to open at S$0.303, and during the day (based on 14 day Average True Range), to move between S$0.288 and S$0.312, which gives a possible trading interval of +/-S$0.0122 (+/-4.08%) up or down from last closing price. If Geo Energy Resources Limited takes out the full calculated possible swing range there will be an estimated 8.17% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ S$0.335, some S$0.0350 (11.67%) from the current price of S$0.300, our system finds the risk reward not very attractive.
Is Geo Energy Resources Limited stock A Buy?
Geo Energy Resources Limited 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: -2.310 Sell Candidate Unchanged
Predicted Opening Price for Geo Energy Resources Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| S$0.303 ( 1.11%) | S$0.300 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RE4.SI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.313 | 4.44 % | |
| R2 | 0.310 | 3.17 % | ||
| R1 | 0.307 | 2.38 % | ||
| Current price: | 0.300 | |||
| Support | S1 | 0.300 | -0.162 % | |
| S2 | 0.297 | -0.95 % | ||
| S3 | 0.293 | -2.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.370 | 23.33 % | |
| R2 | 0.340 | 13.33 % | ||
| R1 | 0.335 | 11.67 % | ||
| Current price | 0.300 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
RE4 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2024 | May 09, 2024 | May 17, 2024 | S$0.0060 | 1.94% |
| 2 | Nov 21, 2023 | Nov 21, 2023 | Nov 21, 2023 | S$0.0040 | 1.45% |
| 3 | Aug 29, 2023 | Aug 29, 2023 | Aug 29, 2023 | S$0.0050 | 2.33% |
| 4 | May 30, 2023 | May 30, 2023 | May 30, 2023 | S$0.0050 | 2.08% |
| 5 | May 09, 2023 | May 09, 2023 | May 09, 2023 | S$0.0400 | 13.56% |
FAQ
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