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Wed 20'th Jun 2018

PERIOD 2018-03-21 - 2018-06-20
CHANGE 4.69%
PRICE $20.99
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Geopark Ltd Stock Analysis

Technical stock analysis for Wed 20'th Jun 2018

Buy candidate since 2018-04-10 Gain 70.93%
Shorts 1.41% ( 2018-05-31 )
Cash 222.6 mill
Loans 766.7 mill
Beta 0.17
ROA -1.28

Geopark Ltd gained 4.69% in the last trading day, rising from $20.05 to $20.99 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 8 of the last 10 days and is up by 22.82% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 243 190 more shares were traded than the day before. In total, 532 225 shares bought and sold for approximately $0.00.

Trend

Geopark Ltd has broken the wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $20.04, a level that may pose a second chance to hit a runner. According to fan-theory $22.59 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

Only positive signals in the chart today. Geopark Ltd holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $19.78 and $16.47. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday June 08, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 84 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $19.50 and $19.10.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Geopark Ltd finds support just below today's level at $19.50. If this is broken, then the next support from accumulated volume will be at $19.10 and $18.26.

Support: $19.50 Price: $20.99

Risk

This stock may move much during a 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 $1.24 between high and low, or 6.13%. For the last week, the stock has had a daily average volatility of 5.07%.

The stock is extremely overbought on RSI14 (84). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $20.06 (-4.43%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from pivot bottom found 8 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rising rate. We conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period.

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GPRK $20.99 $0.94(4.69%)
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