Gamma Communications Plc Stock Forecast
Gamma Communications Plc stock price ended at £1,300.00 on Thursday, after losing 1.66%.
(Updated on Apr 25, 2024)
The Gamma Communications Plc stock price fell by -1.66% on the last day (Thursday, 25th Apr 2024) from £1,322.00 to £1,300.00. During the last trading day the stock fluctuated 2.00% from a day low at £1,300.00 to a day high of £1,326.00. The price has fallen in 5 of the last 10 days and is down by -4.97% 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 -427 thousand shares and in total, 167 thousand shares were bought and sold for approximately £216.88 million.
Given the current short-term trend, the stock is expected to rise 16.42% during the next 3 months and, with a 90% probability hold a price between £1,513.51 and £1,685.54 at the end of this 3-month period.
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GAMA.L Signals & Forecast
There are few to no technical positive signals at the moment. The Gamma Communications Plc 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 £1,317.43 and £1,328.69. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -5.25%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, December 15, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, December 15, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Gamma Communications Plc stock
Gamma Communications Plc finds support from accumulated volume at £1,252.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £26.00 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GAMA.L) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Gamma Communications Plc to open at £1,308.67, and during the day (based on 14 day Average True Range), to move between £1,267.28 and £1,332.72, which gives a possible trading interval of +/-£32.72 (+/-2.52%) up or down from last closing price. If Gamma Communications Plc takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £1,322.00 (1.69%) than the support at £1,252.00 (3.69%), 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 Gamma Communications Plc stock A Buy?
The Gamma Communications Plc stock holds several negative signals and despite the positive trend, we believe Gamma Communications Plc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.347 Sell Candidate Unchanged
Predicted Opening Price for Gamma Communications Plc of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| £1,308.67 ( 0.667%) | £1,300.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAMA.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,334.67 | 2.67 % | |
| R2 | 1,324.73 | 1.90 % | ||
| R1 | 1,318.60 | 1.43 % | ||
| Current price: | 1,300.00 | |||
| Support | S1 | 1,298.73 | -0.0973 % | |
| S2 | 1,292.60 | -0.569 % | ||
| S3 | 1,282.67 | -1.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,372.00 | 5.54 % | |
| R2 | 1,370.00 | 5.38 % | ||
| R1 | 1,322.00 | 1.69 % | ||
| Current price | 1,300.00 | |||
| Support | S1 | 1,252.00 | -3.69% | |
| S2 | 1,188.00 | -8.62% | ||
| S3 | 1,180.00 | -9.23% |
GAMA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 20, 2024 | £11.40 | 0.88% |
| 2 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | £10.00 | 0.87% |
| 3 | Sep 06, 2022 | Sep 22, 2022 | Oct 20, 2022 | £5.00 | 0.478% |
| 4 | Mar 22, 2022 | Jun 01, 2022 | Jun 23, 2022 | £8.80 | 0.796% |
| 5 | Sep 07, 2021 | Sep 23, 2021 | Oct 21, 2021 | £4.40 | 0.240% |
FAQ
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