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Goodrich Petroleum Corporation (GDP) - Buy, Sell or Hold?

Sector: Energy   Sub-Sector: Oil & Gas Production
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Thu, 21 Sep 2017NoneDojiFri, 16 Jun 20170%
***Stock database and scans are updated around midnight (New York time) every trading day.
9.79 0.00 (0%) Sep 22 3:59pm EDT
Open: 9.42 Range: 9.42 - 9.79 Vol: 16.41K Avg Vol: 34.79K
EPS: 1.76 P/E ratio: 5.48 EBITDA: 3.11M Mkt Cap: 101.90M
Analyze "GDP" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 6.75
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 6.75
Last Trade is above the 50 day moving average at 6.75
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 6.73
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of GDP

Stock Trend Analysis - Buy, Sell or Hold "Goodrich Petroleum Corporation" (GDP)?

GDP is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 77% of the time spent trading above the 200 day moving average. The medium term trend for GDP is extremely bearish and weak, having traded almost 100% of the time below the 50 day moving average. The 20 day moving average is similarly weak with price trading below the 20 SMA for 0% of the time during the last two months. Although the longer time frame 200 SMA trend is still up, longs have to be careful of a potential trend reversal. A strategy of proteting profits is prudent at this stage. If planning on entering longs, the support levels at the 200 SMA, currently at 6.73, may offer good opportunities to buy. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "GDP".

The analyst consensus estimates for the 1 year price target for this stock is $19.20* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Thu, 21 Sep 2017
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