Geopark Ltd Stock Forecast
Geopark Ltd stock upgraded to Strong Buy Candidate.
(Updated on Mar 28, 2024)
The Geopark Ltd stock price gained 1.48% on the last trading day (Thursday, 28th Mar 2024), rising from $9.46 to $9.60. During the last trading day the stock fluctuated 3.50% from a day low at $9.44 to a day high of $9.77. The price has risen in 7 of the last 10 days and is up by 2.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 615 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $9.68 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $9.69 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.21% during the next 3 months and, with a 90% probability hold a price between $8.93 and $10.19 at the end of this 3-month period.
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GPRK Signals & Forecast
Mostly positive signals in the chart today. 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 $9.48 and $8.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 05, 2024, and so far it has risen 17.07%. 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 is rising along with the price. This is considered to be a good technical signal. 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 $9.45 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 $0.330 between high and low, or 3.50%. For the last week, the stock has had daily average volatility of 1.87%.
The Geopark Ltd stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $9.27 (-3.42%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 79 and this increases the risk substantially. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (GPRK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Geopark Ltd to open at $9.60, and during the day (based on 14 day Average True Range), to move between $9.37 and $9.83, which gives a possible trading interval of +/-$0.229 (+/-2.38%) up or down from last closing price. If Geopark Ltd takes out the full calculated possible swing range there will be an estimated 4.76% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $9.45, some $0.150 (1.56%) from the current price of $9.60, our system finds the risk reward attractive.
Is Geopark Ltd stock A Buy?
Geopark Ltd holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.748 Strong Buy Candidate Upgraded
Predicted Opening Price for Geopark Ltd of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$9.60 ( 0.0347%) | $9.60 |
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 | 9.93 | 3.47 % | |
R2 | 9.81 | 2.16 % | ||
R1 | 9.73 | 1.35 % | ||
Current price: | 9.60 | |||
Support | S1 | 9.48 | -1.28 % | |
S2 | 9.40 | -2.09 % | ||
S3 | 9.27 | -3.40 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 9.60 | |||
Support | S1 | 9.45 | -1.56% | |
S2 | 9.11 | -5.10% | ||
S3 | 8.77 | -8.65% |
GPRK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 07, 2024 | Mar 19, 2024 | Mar 28, 2024 | $0.136 | 1.42% |
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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