Glatfelter Stock Forecast
Glatfelter stock price down 0.676% on Thursday
(Updated on Apr 18, 2024)
The Glatfelter stock price fell by -0.676% on the last day (Thursday, 18th Apr 2024) from $1.48 to $1.47. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 9.09% from a day low at $1.43 to a day high of $1.56. The price has fallen in 8 of the last 10 days and is down by -20.11% for this period. Volume has increased on the last day by 74 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 356 thousand shares were bought and sold for approximately $523.47 thousand.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $1.29 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Glatfelter stock with a 90% probability to be traded between $1.30 and $2.67 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GLT Signals & Forecast
There are few to no technical positive signals at the moment. The Glatfelter stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.63 and $1.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 07, 2024, and so far it has fallen -44.32%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Glatfelter gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Glatfelter stock
Glatfelter finds support from accumulated volume at $1.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.130 between high and low, or 9.09%. For the last week, the stock has had daily average volatility of 7.55%.
Glatfelter is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GLT) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Glatfelter to open at $1.49, and during the day (based on 14 day Average True Range), to move between $1.34 and $1.60, which gives a possible trading interval of +/-$0.128 (+/-8.72%) up or down from last closing price. If Glatfelter takes out the full calculated possible swing range there will be an estimated 17.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.45 (1.36%) than the resistance at $1.56 (6.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Glatfelter stock A Buy?
Glatfelter holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.636 Sell Candidate Unchanged
Predicted Opening Price for Glatfelter of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
$1.49 ( 1.13%) | $1.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.62 | 9.98 % | |
R2 | 1.57 | 6.60 % | ||
R1 | 1.54 | 4.51 % | ||
Current price: | 1.47 | |||
Support | S1 | 1.44 | -2.24 % | |
S2 | 1.41 | -4.33 % | ||
S3 | 1.36 | -7.71 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.77 | 20.41 % | |
R2 | 1.60 | 8.84 % | ||
R1 | 1.56 | 6.12 % | ||
Current price | 1.47 | |||
Support | S1 | 1.45 | -1.36% | |
S2 | 1.36 | -7.48% | ||
S3 | 1.28 | -12.93% |
GLT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 05, 2022 | Jun 30, 2022 | Aug 01, 2022 | $0.140 | 2.21% |
2 | Feb 18, 2022 | Mar 31, 2022 | May 01, 2022 | $0.140 | 1.27% |
3 | Dec 17, 2021 | Dec 31, 2021 | Feb 01, 2022 | $0.140 | 0.793% |
4 | Sep 15, 2021 | Sep 30, 2021 | Nov 01, 2021 | $0.140 | 0.83% |
5 | May 06, 2021 | Jun 30, 2021 | Aug 02, 2021 | $0.140 | 0.93% |
FAQ
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