Gastar Exploration Inc Fund Forecast
Red day on Friday for Gastar Exploration Inc
(Updated on Sep 28, 2018)
No changes to the price of Gastar Exploration Inc fund on the last trading day (Friday, 28th Sep 2018). During the last trading day the fund fluctuated 0% from a day low at $0.0561 to a day high of $0.0561. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies the upper part of a very wide and falling 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 $0.105 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GST Signals & Forecast
There are mixed signals in the fund today. The Gastar Exploration Inc fund 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 $0.0561 and $0.0734. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, September 06, 2018, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Gastar Exploration Inc fund
There is no support from accumulated volume below today's level and given the right condition the fund may perform very badly in the next couple of days.
In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GST) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Gastar Exploration Inc to open at $0.0561, and during the day (based on 14 day Average True Range), to move between $0.0496 and $0.0626, which gives a possible trading interval of +/-$0.0065 (+/-11.54%) up or down from last closing price. If Gastar Exploration Inc takes out the full calculated possible swing range there will be an estimated 23.09% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.0622, some $0.0061 (10.87%) from the current price of $0.0561, our system finds the risk reward not very attractive.
Is Gastar Exploration Inc fund A Buy?
Gastar Exploration Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this fund.
Current score: -2.680 Sell Candidate Unchanged
Predicted Opening Price for Gastar Exploration Inc of Monday, October 1, 2018
| Fair opening price October 1, 2018 | Current price |
|---|---|
| $0.0561 ( 0.00000000%) | $0.0561 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0561 | 0.00000000 % | |
| R2 | 0.0561 | 0.00000000 % | ||
| R1 | 0.0561 | 0.00000000 % | ||
| Current price: | 0.0561 | |||
| Support | S1 | 0.0561 | 0.00000000 % | |
| S2 | 0.0561 | 0.00000000 % | ||
| S3 | 0.0561 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.0632 | 12.66 % | ||
| R1 | 0.0622 | 10.87 % | ||
| Current price | 0.0561 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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