Georgia Power Co Series 2017A 5.00% ETF Forecast

Georgia Power Co Series 2017A 5.00% ETF downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Apr 25, 2024)

GPJA Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Georgia Power Co Series 2017A 5.00% ETF 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 $22.72 and $24.09. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Georgia Power Co Series 2017A 5.00% gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Georgia Power Co Series 2017A 5.00% ETF

There is no support from accumulated volume below today's level and given the right condition the ETF may perform very badly in the next couple of days.

This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.430 between high and low, or 1.92%. For the last week, the ETF has had daily average volatility of 1.37%.

Georgia Power Co Series 2017A 5.00% is oversold on RSI14 (18). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (GPJA) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 to open at $22.58, and during the day (based on 14 day Average True Range), to move between $22.16 and $22.92, which gives a possible trading interval of +/-$0.377 (+/-1.67%) up or down from last closing price. If Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $24.64, some $2.10 (9.32%) from the current price of $22.54, our system finds the risk reward not very attractive.

Is Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 ETF A Buy?

Georgia Power Co Series 2017A 5.00% holds several negative signals and is within a 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 ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.499 Sell Candidate Downgraded

Predicted Opening Price for Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 of Friday, April 26, 2024

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