Gol Linhas Aereas Inteligentes S.A. Sponsored ADR representing 2 Pfd Shares (GOL)

GOL stock forecast: buy or sell

GOL stock outlook

  • Gol Linhas Aereas Inteligentes S.A. Spon stock fell -2.02% to close at $7.28 on the stock market today, after 3 consecutive sessions in red.
  • GOL Linhas Aéreas Inteligentes S. A. provides air passenger transportation services in Brazil and rest of South America, the Caribbean, and the United States.
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Important:
The thoughts written in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the individual positions of the reader, his or her financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for learning purposes only

GOL stock chart overview

Should I buy Gol Linhas Aereas Inteligentes S.A. Spon stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is GOL stock a buy?

Currently, Gol Linhas Aereas Inteligentes S.A. Spon stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for GOL in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Gol Linhas Aereas Inteligentes S.A. Spon stock?

"To sell or not to sell", if you are holding Gol Linhas Aereas Inteligentes S.A. Spon shares?. Trading strategies allow us to avoid impulsive decisions based on our emotions or the buzz that surrounds the market. We like very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies should not be used for shorting GOL stock

A guiding principle is that you should never mantain an operation that produces losses greater than those expected at the time of the buy. The timing to sell your stock always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Gol Linhas Aereas Inteligentes S.A. Spon stock?

In the current situation of Gol Linhas Aereas Inteligentes S.A. Spon there is not any eligible sell setup, so Gol Linhas Aereas Inteligentes S.A. Spon stock holders with operations in green can keep their positions

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Analysts' recommendations to buy or sell Gol Linhas Aereas Inteligentes S.A. Spon stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

We don't have any rating posted in the last month for Gol Linhas Aereas Inteligentes S.A. Spon

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Technical analysis

SMAs overview

A favorite tool of many traders are the moving averages, that easily show market direction. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days. Learn more about Moving Averages from sources like Wikipedia and Investopedia

Supports and resistances

Market investors use supports and resistances to find price points on a chart that tend to work as barriers, containing the price of a stock to move up or down. A support level is a level where the price may stop as it falls. This means that the price is more likely to "rebound" this level rather than break through it. However, if the price breaks down this level, it will probably continue declining until approaching another support level. On the other hand, resistances are where the price may find a curb as it moves up. In the same manner, this means that the price is more likely to "bounce off" at this level, and if it finally crosses this level, it will climb more easily until it finds the next resistance

The current resistance levels are:

  • R1: $7.46 (2.47% above)
  • R2: $7.54 (3.57% above)
  • R3: $7.58 (4.12% above)
  • The current support levels are:

  • S1: $7.18 (-1.37% below)
  • S2: $6.69 (-8.1% below)
  • S3: $6.36 (-12.64% below)
  • Bollinger bands

    This is an indicator that was created in the 1980s by John Bollinger. In essence, the Bollinger Bands are lines that flow around a moving average and vary the distance from the bottom to the top depending on market volatility. They are usually plotted by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that track price changes to spot when the price of a share or financial asset is overbought or oversold. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in the late 1970s

    The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for just one day (weak signal). The RSI value yesterday was 54.14. Gol Linhas Aereas Inteligentes S.A. Spon shares tanked a 21.21% since that level was lost

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    Earnings and financials

    1st-quarter investors event was hosted by GOL in early May after releasing the financial report. GOL presented first-quarter earnings of $0.16 per share on revenue of $3.1 billion. The analysts estimate was $-0.46 per share on revenue of $680.5 million.

    In comparing, the EPS for the same quarter last year was $-0.05, so reported EPS means a gain of 420%. Looking at revenue, figures skyrocketed a 287.27% compared to $812.8M same quarter 12 months ago.

    GOL posts quarterly financial report on late next July. Estimated earnings per share (EPS) for this quarter is $-0.92. Financial reporting day has an additional risk for traders as the data provided can gap up or down the shares price with very low liquidity and not honouring your buy/stop-loss orders. It's always good to review company's website to confirm time and details on the earnings call and the earnings report.

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