RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GOOD.L
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Volatile ride for Good Energy Group PLC stock price on Wednesday moving between £232.00 and £271.70
(Updated on Mar 27, 2024)

Sell candidate since Mar 26, 2024 Loss -8.58% PDF

The Good Energy Group PLC stock price fell by -8.58% on the last day (Wednesday, 27th Mar 2024) from £268.00 to £245.00. During the last trading day the stock fluctuated 17.11% from a day low at £232.00 to a day high of £271.70. The price has risen in 6 of the last 10 days but is still down by -10.26% 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 -81 thousand shares and in total, 179 thousand shares were bought and sold for approximately £43.92 million.

The stock lies in the middle of a very 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 -28.54% during the next 3 months and, with a 90% probability hold a price between £124.92 and £237.11 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.

GOOD.L Signals & Forecast

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. The Good Energy Group PLC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £294.86 and £269.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 25, 2024, and so far it has fallen -27.08%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Good Energy Group PLC stock

Good Energy Group PLC finds support from accumulated volume at £242.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £39.70 between high and low, or 17.11%. For the last week, the stock has had daily average volatility of 12.47%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GOOD.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Good Energy Group PLC to open at £249.57, and during the day (based on 14 day Average True Range), to move between £220.95 and £269.05, which gives a possible trading interval of +/-£24.05 (+/-9.82%) up or down from last closing price. If Good Energy Group PLC takes out the full calculated possible swing range there will be an estimated 19.63% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £242.00 (1.22%) than the resistance at £250.00 (2.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Good Energy Group PLC stock A Buy?

Good Energy Group PLC holds several negative signals and is within a very 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.112 Sell Candidate Upgraded

Predicted Opening Price for Good Energy Group PLC of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£249.57 ( 1.86%) £245.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GOOD.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 289.27 18.07 %
R2 274.10 11.88 %
R1 264.73 8.05 %
Current price: 245.00
Support S1 234.40 -4.33 %
S2 225.03 -8.15 %
S3 209.87 -14.34 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 268.00 9.39 %
R2 252.00 2.86 %
R1 250.00 2.04 %
Current price 245.00
Support S1 242.00 -1.22%
S2 240.00 -2.04%
S3 0 .

GOOD Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 08, 2023 Jun 08, 2023 Jun 08, 2023 £2.00 1.05%
2 Sep 22, 2022 Sep 29, 2022 Nov 10, 2022 £0.750 0.370%
3 May 25, 2022 Jun 09, 2022 Jul 13, 2022 £1.80 0.720%
4 Oct 11, 2021 Oct 21, 2021 Nov 29, 2021 £0.750 0.270%
5 Sep 10, 2019 Sep 19, 2019 Oct 31, 2019 £1.10 0.726%

FAQ

What is the symbol for Good Energy Group PLC Stock and on which exchange is it traded?
The symbol for Good Energy Group PLC is GOOD.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Good Energy Group PLC Stock?
Good Energy Group PLC holds several negative signals and is within a very 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

How to buy Good Energy Group PLC Stock?
Good Energy Group PLC Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Good Energy Group PLC Stock.

What's the current price of Good Energy Group PLC Stock?
As of the end of day on the 2024-03-27, the price of an Good Energy Group PLC (GOOD.L) share was £245.00.

What is the 52-week high and low for Good Energy Group PLC Stock?
The 52-week high for Good Energy Group PLC Stock is £426.00 and the 52-week low is £160.00.

What is the market capitalization of Good Energy Group PLC Stock?
As of the 2024-03-27, the market capitalization of Good Energy Group PLC is 54.721M.

When is the next earnings date for Good Energy Group PLC?
The upcoming earnings date for Good Energy Group PLC is Sep 10, 2024.
Click to get the best stock tips daily for free!

About Good Energy Group PLC

Good Energy Group PLC Good Energy Group PLC, through its subsidiaries, engages in the purchase, generation, and sale of electricity from renewable sources in the United Kingdom. The company generates electric power by wind turbine machinery and solar panels. It also sells gas; and provides services related to micro-renewable generation, as well as offers EV market data services. The company was formerly known as Monkton Group PLC. Good Energy Group PLC was founded in ... GOOD.L Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT