Gulf Keystone Petroleum Stock Forecast
Gulf Keystone Petroleum stock price up 0.0901% on Thursday
(Updated on Apr 18, 2024)
The Gulf Keystone Petroleum stock price gained 0.0901% on the last trading day (Thursday, 18th Apr 2024), rising from £111.00 to £111.10. During the last trading day the stock fluctuated 4.55% from a day low at £109.80 to a day high of £114.80. The price has been going up and down for this period, and there has been a 0.73% gain for the last 2 weeks. Volume fell on the last day by -423 thousand shares and in total, 645 thousand shares were bought and sold for approximately £71.65 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 very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.71% during the next 3 months and, with a 90% probability hold a price between £107.97 and £136.31 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GKP.L Signals & Forecast
The Gulf Keystone Petroleum stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £113.04. On a fall, the stock will find some support from the long-term average at approximately £107.84. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.49%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Gulf Keystone Petroleum stock
Gulf Keystone Petroleum finds support from accumulated volume at £110.40 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 £5.00 between high and low, or 4.55%. For the last week, the stock has had daily average volatility of 5.76%.
Our recommended stop-loss: £105.96 (-4.62%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (GKP.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Gulf Keystone Petroleum to open at £111.90, and during the day (based on 14 day Average True Range), to move between £105.12 and £117.08, which gives a possible trading interval of +/-£5.98 (+/-5.38%) up or down from last closing price. If Gulf Keystone Petroleum takes out the full calculated possible swing range there will be an estimated 10.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £110.40 (0.63%) than the resistance at £115.40 (3.87%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gulf Keystone Petroleum 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 stock to perform well in the short-term.
Current score: 2.040 Buy Candidate Unchanged
Predicted Opening Price for Gulf Keystone Petroleum of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £111.90 ( 0.720%) | £111.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GKP.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 116.90 | 5.22 % | |
| R2 | 114.99 | 3.50 % | ||
| R1 | 113.81 | 2.44 % | ||
| Current price: | 111.10 | |||
| Support | S1 | 109.99 | -1.00 % | |
| S2 | 108.81 | -2.06 % | ||
| S3 | 106.90 | -3.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 123.00 | 10.71 % | |
| R2 | 119.00 | 7.11 % | ||
| R1 | 115.40 | 3.87 % | ||
| Current price | 111.10 | |||
| Support | S1 | 110.40 | -0.630% | |
| S2 | 100.00 | -9.99% | ||
| S3 | 94.60 | -14.85% |
GKP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | £11.56 | 10.27% |
| 2 | Jan 30, 2023 | Feb 16, 2023 | Mar 03, 2023 | £9.58 | 4.57% |
| 3 | Sep 01, 2022 | Sep 22, 2022 | Oct 07, 2022 | £10.73 | 4.67% |
| 4 | May 25, 2022 | Jul 14, 2022 | Jul 29, 2022 | £19.54 | 8.26% |
| 5 | Mar 30, 2022 | Jun 30, 2022 | Jul 15, 2022 | £9.57 | 4.70% |
FAQ
Click here for our free guide on how to buy Gulf Keystone Petroleum Stock.
