Grifols Stock Forecast
Green day on Friday for Grifols stock after gaining 1.75%
(Updated on Apr 26, 2024)
The Grifols stock price gained 1.75% on the last trading day (Friday, 26th Apr 2024), rising from $6.27 to $6.38. During the last trading day the stock fluctuated 3.42% from a day low at $6.29 to a day high of $6.51. The price has fallen in 6 of the last 10 days and is down by -2.74% for this period. Volume fell on the last day by -339 thousand shares and in total, 673 thousand shares were bought and sold for approximately $4.30 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $6.74 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -26.70% during the next 3 months and, with a 90% probability hold a price between $2.97 and $4.94 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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GRFS Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Grifols 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 $6.55. On a fall, the stock will find some support from the short-term average at $6.38. 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 Monday, April 08, 2024, and so far it has fallen -12.48%. 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).
Support, Risk & Stop-loss for Grifols stock
Grifols finds support from accumulated volume at $6.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.215 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 2.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GRFS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Grifols to open at $6.39, and during the day (based on 14 day Average True Range), to move between $6.07 and $6.69, which gives a possible trading interval of +/-$0.306 (+/-4.79%) up or down from last closing price. If Grifols takes out the full calculated possible swing range there will be an estimated 9.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.29 (1.41%) than the resistance at $6.78 (6.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Grifols stock A Buy?
Grifols 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: -3.642 Sell Candidate Unchanged
Predicted Opening Price for Grifols of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $6.39 ( 0.183%) | $6.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRFS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.61 | 3.55 % | |
| R2 | 6.52 | 2.27 % | ||
| R1 | 6.47 | 1.47 % | ||
| Current price: | 6.38 | |||
| Support | S1 | 6.31 | -1.10 % | |
| S2 | 6.26 | -1.90 % | ||
| S3 | 6.18 | -3.18 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.51 | 17.71 % | |
| R2 | 7.00 | 9.72 % | ||
| R1 | 6.78 | 6.27 % | ||
| Current price | 6.38 | |||
| Support | S1 | 6.29 | -1.41% | |
| S2 | 5.61 | -12.07% | ||
| S3 | 5.47 | -14.26% |
GRFS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2021 | Jun 03, 2021 | Jun 14, 2021 | $0.456 | 2.48% |
| 2 | Oct 22, 2020 | Oct 30, 2020 | Nov 09, 2020 | $0.201 | 1.03% |
| 3 | Oct 31, 2019 | Dec 02, 2019 | Dec 11, 2019 | $0.220 | 0.97% |
| 4 | May 29, 2019 | Jun 07, 2019 | Jun 18, 2019 | $0.174 | 0.88% |
| 5 | Nov 08, 2018 | Nov 30, 2018 | Dec 11, 2018 | $0.228 | 1.21% |
FAQ
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