Geopark Ltd Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Geopark Ltd stock price after Friday trading.
(Updated on Apr 26, 2024)
The Geopark Ltd stock price gained 1.47% on the last trading day (Friday, 26th Apr 2024), rising from $9.55 to $9.69. During the last trading day the stock fluctuated 2.21% from a day low at $9.49 to a day high of $9.70. The price has been going up and down for this period, and there has been a -1.32% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 331 thousand shares were bought and sold for approximately $3.21 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.68 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.54% during the next 3 months and, with a 90% probability hold a price between $11.48 and $12.24 at the end of this 3-month period.
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GPRK Signals & Forecast
The Geopark Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $9.72. On a fall, the stock will find some support from the long-term average at approximately $9.60. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -2.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Geopark Ltd stock
Geopark Ltd finds support from accumulated volume at $9.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.210 between high and low, or 2.21%. For the last week the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: $9.25 (-4.53%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (GPRK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Geopark Ltd to open at $9.63, and during the day (based on 14 day Average True Range), to move between $9.46 and $9.92, which gives a possible trading interval of +/-$0.229 (+/-2.37%) up or down from last closing price. If Geopark Ltd takes out the full calculated possible swing range there will be an estimated 4.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.70 (0.10%) than the support at $9.46 (2.37%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Geopark Ltd will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.720. We will update the financials statements for Geopark Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.11% in the first trading day after earnings release.
Is Geopark Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Geopark Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.589 Buy Candidate Upgraded
Predicted Opening Price for Geopark Ltd of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $9.63 ( 0.654%) | $9.69 |
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 | 9.84 | 1.51 % | |
| R2 | 9.76 | 0.686 % | ||
| R1 | 9.71 | 0.174 % | ||
| Current price: | 9.69 | |||
| Support | S1 | 9.55 | -1.48 % | |
| S2 | 9.50 | -1.99 % | ||
| S3 | 9.42 | -2.82 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.96 | 2.79 % | |
| R2 | 9.82 | 1.34 % | ||
| R1 | 9.70 | 0.103 % | ||
| Current price | 9.69 | |||
| Support | S1 | 9.46 | -2.37% | |
| S2 | 9.45 | -2.48% | ||
| S3 | 9.11 | -5.99% |
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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