Georgia Power Co Series 2017A 5.00% ETF Forecast

Georgia Power Co Series 2017A 5.00% ETF downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Apr 24, 2024)

GPJA Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.73%. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the ETF giving a more negative forecast for the stock. On further gains, the ETF will meet resistance from the long-term Moving Average at $24.14. On a fall, the ETF will find some support from the short-term average at $22.72. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The ETF had a Golden Star Signal on Wednesday, January 10, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

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

Georgia Power Co Series 2017A 5.00% finds support from accumulated volume at $22.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the ETF moved $0.0900 between high and low, or 0.394%. For the last week the ETF has had daily average volatility of 1.24%.

Georgia Power Co Series 2017A 5.00% is oversold on RSI14 (22). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $21.54 (-6.08%) (This ETF has medium daily movements and this gives medium risk. Low RSI14 is 22 which reduces the risk some. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (GPJA) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 to open at $22.90, and during the day (based on 14 day Average True Range), to move between $22.57 and $23.29, which gives a possible trading interval of +/-$0.364 (+/-1.59%) 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 3.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.74 (0.83%) than the resistance at $24.64 (7.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.288 Hold/Accumulate Downgraded

Predicted Opening Price for Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 of Thursday, April 25, 2024

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