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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
Fri, 17 Nov 2017NoneDojiFri, 16 Jun 20170%
***Stock database and scans are updated around midnight (New York time) every trading day.
6.75 0.00 (0%) Nov 17 4:00pm EST
Open: 6.75 Range: 6.75 - 6.75 Vol: 0K Avg Vol: 34.54K
EPS: 1.76 P/E ratio: 5.56 EBITDA: 3.11M Mkt Cap: 103.38M
Analyze "GDP" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 6.75
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 6.75
Last Trade is below the 50 day moving average at 6.75
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 6.98
* 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 trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that GDP has been range bound with a slight upward bias, having traded above the 200 SMA about 62% of the time. 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 also very weak and displaying very bearish bias. GDP may be long overdue for a good oversold bounce, but objectively, as long as GDP is trading below its 200 SMA, rallies will be sold into. Technically there are too many uncertainties to recommend a long term buy on this stock at this moment. 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 $18.29* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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