GXP - Great Plains Energy Inc

Industry: Electric Utilities Sector: Utilities

Buy Candidate
Tue 23'rd May 2017

PERIOD COVERED
2017-02-24 - 2017-05-23
CHANGE
0.14%
PRICE
$28.82
VOLUME
Buy
TREND
Hold
MV LONG
Sell
MV SHORT
Buy
PIVOT
Buy
MACD
Buy
Request Prediction
0.00%
We need your help. Please answer this short survey to help us improve by clicking HERE.

Great Plains Energy Inc Stock Analysis

Technical stock analysis for Tue 23'rd May 2017

Buy candidate since 2017-05-18 Gain 2.67%

Great Plains Energy Inc gained 0.14% in the last trading day, rising from USD 28.78 to USD 28.82 , and has now gained 5 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 been going up and down for this period, and there has been a 2.75% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 1.99 million more shares were traded than the day before. In total, 5.52 million shares bought and sold for approximately USD 159 million.

Trend

Given the current horizontal trend you can expect Great Plains Energy Inc with 90% probability to be traded between USD 27.54 and USD 28.77 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals

A buy signal was issued from a pivot bottom point on Wednesday May 17, 2017, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Great Plains Energy Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general salessignal in the stock. On further gains, the stock will meet resistance from the long-term moving average at USD 28.95. On a fall, the stock will find some support from the short-term average at USD 28.30. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

Relative Strength Index (RSI)

RSI14 is 49 and the stock is currently not being overbought or oversold

Support & Resistance

Great Plains Energy Inc finds support from accumulated volume at USD 28.51, USD 28.50, and USD 28.32. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 28.95, USD 29.55 and USD 28.87.

The stock is about to test the resistance from accumulated volume at USD 28.95 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved USD 0.58 (2.02%) between high and low. For the last week, the stock has had a daily average volatility of 2.16%.

Our recommended stoploss: USD 27.33 (-5.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)

Evaluation

Several short-term signals are positive and 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

Learn To Identify Profitable Stock Chart Patterns.

FREE 7-Day Training

Learn To Identify Profitable Stock Chart Patterns.

FREE 7-Day Training

Build Your Watchlist

Add GXP My Watchlist

Recommended
book of the week