Gyrodyne Stock Forecast
Stronger technical forecast for Gyrodyne stock price after Thursday trading.
(Updated on Apr 25, 2024)
No changes to the price of Gyrodyne stock on the last trading day (Thursday, 25th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $7.99 to a day high of $7.99. The price has been going up and down for this period, and there has been a -0% change for the last 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.75% during the next 3 months and, with a 90% probability hold a price between $6.68 and $7.91 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GYRO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gyrodyne stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8.11. On a fall, the stock will find some support from the short-term average at $7.97. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -0.375%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Gyrodyne stock
Gyrodyne finds support from accumulated volume at $7.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0253%
Our recommended stop-loss: $7.66 (-4.18%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (GYRO) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Gyrodyne to open at $7.99, and during the day (based on 14 day Average True Range), to move between $7.93 and $8.05, which gives a possible trading interval of +/-$0.0626 (+/-0.78%) up or down from last closing price. If Gyrodyne takes out the full calculated possible swing range there will be an estimated 1.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.99 (0.00%) than the support at $7.96 (0.37%), 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 Gyrodyne stock A Buy?
Gyrodyne holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Gyrodyne of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$7.99 ( 0%) | $7.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GYRO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.99 | . | |
R2 | 7.99 | . | ||
R1 | 7.99 | . | ||
Current price: | 7.99 | |||
Support | S1 | 7.99 | . | |
S2 | 7.99 | . | ||
S3 | 7.99 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 8.25 | 3.26 % | |
R2 | 8.00 | 0.126 % | ||
R1 | 7.99 | 0.0013 % | ||
Current price | 7.99 | |||
Support | S1 | 7.96 | -0.374% | |
S2 | 7.83 | -2.00% | ||
S3 | 7.81 | -2.25% |
GYRO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 16, 2017 | Jun 23, 2017 | Jul 07, 2017 | $1.00 | 4.94% |
2 | Aug 29, 2016 | Sep 07, 2016 | Sep 15, 2016 | $1.50 | 7.81% |
3 | May 26, 2016 | Jun 16, 2016 | Jun 15, 2016 | $9.25 | 30.68% |
4 | Sep 15, 2014 | Sep 24, 2014 | Dec 31, 2014 | $5.11 | 124.66% |
5 | Dec 31, 2013 | Dec 31, 2013 | Dec 31, 2013 | $509.56 | 4,125.96% |
FAQ
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