RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GGP.L
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Red day on Wednesday for Greatland Gold plc
(Updated on Mar 27, 2024)

Sell candidate since Mar 25, 2024 Loss -0.77% PDF

The Greatland Gold plc stock price fell by -0.462% on the last day (Wednesday, 27th Mar 2024) from £6.50 to £6.47. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.12% from a day low at £6.40 to a day high of £6.60. The price has fallen in 6 of the last 10 days and is down by -1.97% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 7 million shares were bought and sold for approximately £44.55 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.29% during the next 3 months and, with a 90% probability hold a price between £4.30 and £5.82 at the end of this 3-month period. 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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GGP.L Signals & Forecast

There are mixed signals in the stock today. The Greatland Gold plc stock 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 £6.68 and £6.86. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, February 29, 2024, and so far it has risen 2.70%. 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 Greatland Gold plc stock

Greatland Gold plc finds support from accumulated volume at £6.45 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 £0.200 between high and low, or 3.12%. For the last week, the stock has had daily average volatility of 5.62%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GGP.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Greatland Gold plc to open at £6.49, and during the day (based on 14 day Average True Range), to move between £6.08 and £6.86, which gives a possible trading interval of +/-£0.393 (+/-6.08%) up or down from last closing price. If Greatland Gold plc takes out the full calculated possible swing range there will be an estimated 12.16% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £6.45 (0.31%) than the resistance at £6.50 (0.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Greatland Gold plc stock A Buy?

Greatland Gold plc 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 stock.

Current score: -1.712 Sell Candidate Unchanged

Predicted Opening Price for Greatland Gold plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£6.49 ( 0.309%) £6.47

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GGP.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.69 3.40 %
R2 6.61 2.22 %
R1 6.57 1.49 %
Current price: 6.47
Support S1 6.41 -0.87 %
S2 6.37 -1.60 %
S3 6.29 -2.78 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.60 17.47 %
R2 6.70 3.55 %
R1 6.50 0.464 %
Current price 6.47
Support S1 6.45 -0.309%
S2 6.30 -2.63%
S3 0 .

FAQ

What is the symbol for Greatland Gold plc Stock and on which exchange is it traded?
The symbol for Greatland Gold plc is GGP.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Greatland Gold plc Stock?
Greatland Gold plc 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 stock.

How to buy Greatland Gold plc Stock?
Greatland Gold plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Greatland Gold plc Stock.

What's the current price of Greatland Gold plc Stock?
As of the end of day on the 2024-03-27, the price of an Greatland Gold plc (GGP.L) share was £6.47.

What is the 52-week high and low for Greatland Gold plc Stock?
The 52-week high for Greatland Gold plc Stock is £11.70 and the 52-week low is £5.70.

What is the market capitalization of Greatland Gold plc Stock?
As of the 2024-03-27, the market capitalization of Greatland Gold plc is 329.348M.

When is the next earnings date for Greatland Gold plc?
The upcoming earnings date for Greatland Gold plc is Nov 04, 2024.
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About Greatland Gold plc

Greatland Gold plc Greatland Gold plc engages in the exploration and development of natural resources in the United Kingdom and Australia. It explores for gold, copper, cobalt, and nickel deposits. The company holds 100% interest in the Ernest Giles project, Panorama project, and Bromus project located in Western Australia. It also has 100% interest in the Firetower project and Warrentinna project situated in Tasmania. The company has an option to acquire 100% inte... GGP.L Profile

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