Gulfsands Petroleum Share Discussion Threads

[shujja1] 08/12/2016 00:17

Technical Updates for Gulfsands Petroleum PLC (GPX.L)

December 7, 2016 Herald Staff


Shares of Gulfsands Petroleum PLC (GPX.L) have been receiving increased attention recently. Checking the levels, Gulfsands Petroleum PLC (GPX.L) has a 14-day Commodity Channel Index (CCI) of 30.82. The CCI technical indicator can be employed to help figure out if a stock is entering overbought or oversold territory. CCI may also be used to help discover divergences that may signal reversal moves. A CCI closer to +100 may provide an overbought signal, and a CCI near -100 may provide an oversold signal.

Tracking other technical indicators, the 14-day RSI is presently standing at 61.85, the 7-day sits at 56.59, and the 3-day is resting at 34.85. The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day. Using the 14-day RSI, if a stock price rose for 14 straight days, the value would be 100. If the stock fell for 14 straight days, the RSI value would be 0.

Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Currently, the 7-day moving average is sitting at 5.63.

Let’s take a further look at the Average Directional Index or ADX. The ADX measures the strength or weakness of a particular trend. Investors and traders may be looking to figure out if a stock is trending before employing a specific trading strategy. The ADX is typically used along with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) which point to the direction of the trend. The 14-day ADX for Gulfsands Petroleum PLC (GPX.L) is currently at 50.66. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend.

Investors may be watching other technical indicators such as the Williams Percent Range or Williams %R. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. Gulfsands Petroleum PLC (GPX.L)’s Williams %R presently stands at -64.48. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.


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[shujja1] 07/12/2016 23:57

20k to ? Loss I call that selling out not a good move could have bought back at 5.75 but was wating for 5 p never came

[shujja1] 07/12/2016 23:55

3.64 I am regretting selling 400k last week at 7.5 p that's why I would not do that again

[g2theary] 07/12/2016 23:54

What did you buy your 1.1M at Sujj?

[shujja1] 07/12/2016 23:53

I hold 1.1 million and will hold to the end to get max as its not easy to buy back in big numbers

[rabiddog] 07/12/2016 23:41

Just checked my highest ever purchase price...it was 282p.....lowest was 3.25p !

[g2theary] 07/12/2016 23:31

Shujja I took £6k last week and £6k today off GPX I trade I don't run ?

[londonistan top trader] 07/12/2016 23:29

I will keep buying all the way 50p-55p Monday

[shujja1] 07/12/2016 23:25

Am in for to the end

[shujja1] 07/12/2016 23:25

Only 20p you would take and run hmmm

[g2theary] 07/12/2016 23:05

You to pal

[investment dave] 07/12/2016 22:38

Haha good luck mate it's all a game anyway see you at 20p tomorrow first thing (-;

[g2theary] 07/12/2016 22:16

I doubted the 10p breach today Dave so I'd say the sky's the limit with this one think 100p is far fetched but don't think 50p is far away especially with the low volume trading during the festive period.

[investment dave] 07/12/2016 22:08

Energy and substance behind this rise hence another few hundred percent rises likely tomorrow and Friday

[shaws67] 07/12/2016 21:52

Hope this is not a double top from March 2016.

We shall all find out


Yo Big Bill, love your enthusiasm :-)

[andyr42] 07/12/2016 21:46

big bull you are good case for asylum

[trickster1] 07/12/2016 21:45

This is a Christmas giveaway people.

Fill your boots, sanction will be lifted , google the news.
Don't wait NEWS sanction has been lifted, by then the share price will be closer to 150p.
EU doing deals with Assad now.


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[big bull billy] 07/12/2016 21:42

The Sky ain't the limit.


This will achieve escape velocity tomorrow, then booooooooooooooom outer space exploration on Monday 45p.

You heard this first from Big Bull Billy

Cheers
BBB aka BUY BUY BUY

[investment dave] 07/12/2016 21:41

I think we could well see 25p tomorrow

[g2theary] 07/12/2016 21:32

*moths = months *issues = shares Sloppy trying on my iPhone

[g2theary] 07/12/2016 21:24

How many did you buy Shaws and hold for 30 moths out of interest? I remember being told about these issues 2011 when they received the bid from I think a Chinese company. I put them on my watch list and only purchased them last week at 3.6p.. I sold at 7.75 and bought 100k today I had to put it through at market order and by the time my 6.5p trade went through they had gone from 5.6p to 6.5.. I may trade more in the morning... it depends if we can get in ? I hold 50k now

[andyr42] 07/12/2016 21:24

There a few 100% plonkers here

[investment dave] 07/12/2016 21:13

Won't be able to get much sleep tonight! A seriously exciting morning tomorrow coming