Gulfport Energy Corporation (GPOR) is currently trading at $189.485 as of the latest data. Based on the technical indicators, the stock is showing mixed signals. The RSI (14) is at 58.52, indicating a neutral position, while the MACD (12,26) is positive but the signal line is below the MACD line, suggesting a bearish trend.
The recent news about Petrobras' new FPSO unit in Brazil could have an indirect impact on energy stocks, including GPOR. However, GPOR's focus on North American operations may limit the direct impact of this news.
The Fibonacci levels for GPOR show resistance at $184.26 (R1) and support at $161.68 (S1). The stock is currently trading near the lower end of its 52-week range, which could indicate a potential buying opportunity if it bounces off the support level.
Based on the current technical indicators and news sentiment, the stock is expected to face resistance at higher levels. The MACD and RSI suggest a potential downtrend continuation, with a target price of $155.00 for the next trading week.
Sell GPOR as the technical indicators and news sentiment suggest a bearish outlook for the short term.
The price of GPOR is predicted to go up -3.77%, based on the high correlation periods with WM. The similarity of these two price pattern on the periods is 96.07%.
GPOR
WM
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Price Target
$216 → $211
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Price Target
$203 → $246
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