Gama Aviation Plc Stock Forecast
Gama Aviation Plc stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)
The Gama Aviation Plc stock price fell by -1.60% on the last day (Wednesday, 27th Mar 2024) from £93.50 to £92.00. During the last trading day the stock fluctuated 3.26% from a day low at £92.00 to a day high of £95.00. The price has fallen in 4 of the last 10 days and is down by -1.6% 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 -3 thousand shares and in total, 405 shares were bought and sold for approximately £37.26 thousand.
The stock lies in the middle of a 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 2.45% during the next 3 months and, with a 90% probability hold a price between £91.56 and £100.04 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.
GMAA.L Signals & Forecast
There are mixed signals in the stock today. The Gama Aviation 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 £93.33 and £94.21. A break-up above any of these levels will issue buy signals. 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. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, February 29, 2024, and so far it has risen 0.546%. 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).
Support, Risk & Stop-loss for Gama Aviation Plc stock
Gama Aviation Plc finds support from accumulated volume at £90.00 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 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 £3.00 between high and low, or 3.26%. For the last week the stock has had daily average volatility of 1.35%
Our recommended stop-loss: £86.27 (-6.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (GMAA.L) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Gama Aviation Plc to open at £93.00, and during the day (based on 14 day Average True Range), to move between £89.40 and £94.60, which gives a possible trading interval of +/-£2.60 (+/-2.83%) up or down from last closing price. If Gama Aviation Plc takes out the full calculated possible swing range there will be an estimated 5.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £93.50 (1.63%) than the support at £90.00 (2.17%), 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 Gama Aviation Plc 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 Gama Aviation Plc 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: 1.337 Buy Candidate Upgraded
Predicted Opening Price for Gama Aviation Plc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
£93.00 ( 1.09%) | £92.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GMAA.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 96.00 | 4.35 % | |
R2 | 94.85 | 3.10 % | ||
R1 | 94.15 | 2.33 % | ||
Current price: | 92.00 | |||
Support | S1 | 91.85 | -0.159 % | |
S2 | 91.15 | -0.93 % | ||
S3 | 90.00 | -2.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 96.50 | 4.89 % | |
R2 | 95.00 | 3.26 % | ||
R1 | 93.50 | 1.63 % | ||
Current price | 92.00 | |||
Support | S1 | 90.00 | -2.17% | |
S2 | 89.00 | -3.26% | ||
S3 | 87.55 | -4.84% |
GMAA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 14, 2019 | Jul 04, 2019 | Jul 25, 2019 | £2.00 | 2.35% |
2 | Apr 26, 2018 | Jun 28, 2018 | Jul 25, 2018 | £2.75 | 1.37% |
3 | Mar 31, 2017 | Jun 29, 2017 | Jul 18, 2017 | £2.60 | 1.05% |
4 | Nov 07, 2014 | Dec 18, 2014 | Jan 19, 2015 | £2.30 | 0.82% |
FAQ
Click here for our free guide on how to buy Gama Aviation Plc Stock.