Geopark Ltd Stock Forecast
Weaker technical forecast for Geopark Ltd as stock downgraded to Hold/Accumulate.
(Updated on Mar 18, 2024)
The Geopark Ltd stock price gained 0.85% on the last trading day (Monday, 18th Mar 2024), rising from $9.37 to $9.45. During the last trading day the stock fluctuated 1.72% from a day low at $9.32 to a day high of $9.48. The price has risen in 7 of the last 10 days and is up by 11.44% over the past 2 weeks. Volume fell on the last day by -445 thousand shares and in total, 185 thousand shares were bought and sold for approximately $1.74 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $9.38 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $10.53 sometime during the next 3 months.
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GPRK Signals & Forecast
The Geopark Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $9.34 and $8.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 13.45%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Tuesday, January 23, 2024 in the short-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 stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, January 23, 2024 in the short-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 stock in question.
Support, Risk & Stop-loss for Geopark Ltd stock
Geopark Ltd finds support from accumulated volume at $9.11 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.160 between high and low, or 1.72%. For the last week, the stock has had daily average volatility of 1.76%.
Our recommended stop-loss: $9.17 (-3.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (GPRK) For The Upcoming Trading Day Of Tuesday 19th
For the upcoming trading day on Tuesday, 19th we expect Geopark Ltd to open at $9.42, and during the day (based on 14 day Average True Range), to move between $9.19 and $9.71, which gives a possible trading interval of +/-$0.264 (+/-2.79%) up or down from last closing price. If Geopark Ltd takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $9.11, some $0.340 (3.60%) from the current price of $9.45, our system finds the risk reward attractive.
Is Geopark Ltd stock A Buy?
Geopark Ltd 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 stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Geopark Ltd of Tuesday, March 19, 2024
Fair opening price March 19, 2024 | Current price |
---|---|
$9.42 ( 0.353%) | $9.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPRK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.58 | 1.34 % | |
R2 | 9.52 | 0.694 % | ||
R1 | 9.48 | 0.294 % | ||
Current price: | 9.45 | |||
Support | S1 | 9.36 | -1.00 % | |
S2 | 9.32 | -1.40 % | ||
S3 | 9.26 | -2.05 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 9.45 | |||
Support | S1 | 9.11 | -3.60% | |
S2 | 8.88 | -6.03% | ||
S3 | 8.77 | -7.20% |
GPRK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 07, 2024 | Mar 19, 2024 | Mar 28, 2024 | $0.136 | 1.44% |
2 | Nov 08, 2023 | Nov 24, 2023 | Dec 11, 2023 | $0.130 | 1.52% |
3 | Aug 09, 2023 | Aug 23, 2023 | Sep 07, 2023 | $0.132 | 1.43% |
4 | May 03, 2023 | May 17, 2023 | May 31, 2023 | $0.130 | 1.36% |
5 | Mar 08, 2023 | Mar 21, 2023 | Mar 31, 2023 | $0.130 | 1.14% |
FAQ
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