Genesis Energy Limited (GNE.NZX)

13 September 2018

Technical Summary: Both the five year and the one year chart of GNE looks exactly how you would expect it to look for a well run electricity generator. Over the 5 year chart you see a stock that has generally trended higher, however this has occurred at the pace you would expect for a generator. This uptrend is barely visable on the one year chart and the stock has mostly trekked sideways. By nature we believe that this is the type of stock that you want to buy for the highest possible dividend yield, this is when the stock drops in price. Because of the mean reverting nature of the uptrend it is a stock that is generally dangerous to buy on a breakout.

Typical price action from this power generator

Do You Want Daily Market Insights?

If you’re interested in staying up-to-date with the latest news and analysis on stocks, be sure to sign up to BlackBull Research.

1 Month Free Trial

Access our expert stock market research Free of charge with no obligation

Free 1 Month Free Trial

Unlock this article & access our expert stock market research

ASX, NZX & USD Stock Buy, Hold, Sell recommendations. Model Portfolios. Daily news and more

[pmpro_checkout]