Grana y Montero SAA Stock Forecast
Volatile ride for Grana y Montero SAA stock price on Monday moving between $1.71 and $2.00
(Updated on Apr 20, 2020)
The Grana y Montero SAA stock price fell by -3.66% on the last day (Monday, 20th Apr 2020) from $1.86 to $1.79. During the last trading day the stock fluctuated 16.96% from a day low at $1.71 to a day high of $2.00. The price has fallen in 6 of the last 10 days and is down by -28.69% for this period. Volume has increased on the last day by 18 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, 98 thousand shares were bought and sold for approximately $175.38 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.75 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.45% during the next 3 months and, with a 90% probability hold a price between $1.83 and $2.04 at the end of this 3-month period.
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GRAM Signals & Forecast
There are few to no technical positive signals at the moment. The Grana y Montero SAA 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 $2.01 and $2.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 30, -1. 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). Grana y Montero SAA 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 Grana y Montero SAA stock
On the downside, the stock finds support just below today's level from accumulated volume at $1.67. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $ may give a huge drop in the stock price.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.290 between high and low, or 16.96%. For the last week the stock has had daily average volatility of 21.46%.
Our recommended stop-loss: $0.0900 (-5.00%) (Unable to calculate.)
Trading Expectations (GRAM) For The Upcoming Trading Day Of Tuesday 21st
Since the stock is closer to the resistance from accumulated volume at $1.86 (3.80%) than the support at $1.67 (6.70%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Grana y Montero SAA stock A Buy?
Grana y Montero SAA holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Grana y Montero SAA of Tuesday, April 21, 2020
| Fair opening price April 21, 2020 | Current price |
|---|---|
| $1.83 ( 2.42%) | $1.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRAM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.12 | 18.62 % | |
| R2 | 2.01 | 12.43 % | ||
| R1 | 1.94 | 8.61 % | ||
| Current price: | 1.79 | |||
| Support | S1 | 1.72 | -3.77 % | |
| S2 | 1.65 | -7.59 % | ||
| S3 | 1.54 | -13.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.91 | 6.64 % | |
| R2 | 1.89 | 5.59 % | ||
| R1 | 1.86 | 3.80 % | ||
| Current price | 1.79 | |||
| Support | S1 | 1.67 | -6.70% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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