Gas Natural SDG Stock Forecast
Gas Natural SDG stock price up 0.416% on Friday
(Updated on Apr 19, 2024)
The Gas Natural SDG stock price gained 0.416% on the last trading day (Friday, 19th Apr 2024), rising from $4.81 to $4.83. During the last trading day the stock fluctuated 1.04% from a day low at $4.81 to a day high of $4.86. The price has risen in 7 of the last 10 days and is up by 12.06% over the past 2 weeks. Volume fell on the last day by -107 thousand shares and in total, 8 thousand shares were bought and sold for approximately $38.77 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.
Given the current short-term trend, the stock is expected to fall -19.66% during the next 3 months and, with a 90% probability hold a price between $3.12 and $3.88 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GASNY Signals & Forecast
The Gas Natural SDG 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 $4.59 and $4.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 01, 2024, and so far it has risen 16.39%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 Natural SDG stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.57 and $4.31. 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, Gas Natural SDG finds support just below today's level at $4.57. If this is broken, then the next support from accumulated volume will be at $4.31 and $4.29.
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 $0.0500 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 1.70%.
The Gas Natural SDG 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: $4.70 (-2.71%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 91 and this increases the risk substantially. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (GASNY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Gas Natural SDG to open at $4.83, and during the day (based on 14 day Average True Range), to move between $4.71 and $4.95, which gives a possible trading interval of +/-$0.119 (+/-2.45%) up or down from last closing price. If Gas Natural SDG takes out the full calculated possible swing range there will be an estimated 4.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.94 (2.28%) than the support at $4.57 (5.38%), 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 Natural SDG stock A Buy?
Gas Natural SDG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Gas Natural SDG of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $4.83 ( 0.0690%) | $4.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GASNY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.88 | 1.10 % | |
| R2 | 4.86 | 0.709 % | ||
| R1 | 4.85 | 0.464 % | ||
| Current price: | 4.83 | |||
| Support | S1 | 4.81 | -0.326 % | |
| S2 | 4.80 | -0.571 % | ||
| S3 | 4.78 | -0.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.02 | 3.93 % | |
| R2 | 4.98 | 3.05 % | ||
| R1 | 4.94 | 2.28 % | ||
| Current price | 4.83 | |||
| Support | S1 | 4.57 | -5.38% | |
| S2 | 4.31 | -10.77% | ||
| S3 | 4.29 | -11.18% |
GASNY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 24, 2024 | $0.0614 | 1.27% |
| 2 | Oct 26, 2023 | Nov 03, 2023 | Nov 22, 2023 | $0.0755 | 1.30% |
| 3 | Jul 26, 2023 | Aug 03, 2023 | Aug 22, 2023 | $0.111 | 2.00% |
| 4 | Jun 28, 2023 | Mar 31, 2023 | Apr 19, 2023 | $0.107 | 1.76% |
| 5 | Jun 19, 2023 | Mar 20, 2023 | Apr 05, 2023 | $0.106 | 1.72% |
FAQ
Click here for our free guide on how to buy Gas Natural SDG Stock.
