Georgia Power Co Series 2017A 5.00% ETF Forecast

Georgia Power Co Series 2017A 5.00% ETF price up 0.354% on Monday
(Updated on Apr 22, 2024)

GPJA Signals & Forecast

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 $22.80 and $24.20. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.665%. Further rise is indicated until a new top pivot has been found. Georgia Power Co Series 2017A 5.00% has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The ETF had a Golden Star Signal on Tuesday, January 09, 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 $22.68 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 and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved $0.287 between high and low, or 1.27%. For the last week, the ETF has had daily average volatility of 1.75%.

Georgia Power Co Series 2017A 5.00% is oversold on RSI14 (17). Some ETFS may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $21.23 (-6.45%) (This ETF has medium daily movements and this gives medium risk. Low RSI14 is 17 which reduces the risk some. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (GPJA) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 to open at $22.73, and during the day (based on 14 day Average True Range), to move between $22.32 and $23.06, which gives a possible trading interval of +/-$0.369 (+/-1.63%) 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 3.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $22.68 (0.04%) than the resistance at $24.64 (8.59%), 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?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.555 Buy Candidate Unchanged

Predicted Opening Price for Georgia Power Company Series 2017A 5.00% Junior Subordinated Notes due October 1 2077 of Tuesday, April 23, 2024

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