Graphic Packaging Holding Company Stock Forecast
Green day on Friday for Graphic Packaging Holding Company
(Updated on Apr 26, 2024)
The Graphic Packaging Holding Company stock price gained 0.84% on the last trading day (Friday, 26th Apr 2024), rising from $27.30 to $27.53. During the last trading day the stock fluctuated 1.95% from a day low at $27.21 to a day high of $27.74. The price has been going up and down for this period, and there has been a -0.9% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 407 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $60.73 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $27.25 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 13.60% during the next 3 months and, with a 90% probability hold a price between $30.96 and $34.26 at the end of this 3-month period.
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GPK Signals & Forecast
There are mixed signals in the stock today. The Graphic Packaging Holding Company 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 $27.97. On a fall, the stock will find some support from the short-term average at $27.32. 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 Tuesday, April 09, 2024, and so far it has fallen -6.36%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Graphic Packaging Holding Company stock
Graphic Packaging Holding Company finds support from accumulated volume at $27.21 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 $0.530 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GPK) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Graphic Packaging Holding Company to open at $27.49, and during the day (based on 14 day Average True Range), to move between $26.98 and $28.08, which gives a possible trading interval of +/-$0.545 (+/-1.98%) up or down from last closing price. If Graphic Packaging Holding Company takes out the full calculated possible swing range there will be an estimated 3.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.21 (1.16%) than the resistance at $28.37 (3.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Graphic Packaging Holding Company will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.630. We will update the financials statements for Graphic Packaging Holding Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.45% in the first trading day after earnings release.
Is Graphic Packaging Holding Company stock A Buy?
Graphic Packaging Holding Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.641 Sell Candidate Unchanged
Predicted Opening Price for Graphic Packaging Holding Company of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$27.49 ( 0.133%) | $27.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPK
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.02 | 1.79 % | |
R2 | 27.82 | 1.06 % | ||
R1 | 27.70 | 0.602 % | ||
Current price: | 27.53 | |||
Support | S1 | 27.29 | -0.87 % | |
S2 | 27.17 | -1.32 % | ||
S3 | 26.96 | -2.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 28.90 | 4.98 % | |
R2 | 28.66 | 4.10 % | ||
R1 | 28.37 | 3.05 % | ||
Current price | 27.53 | |||
Support | S1 | 27.21 | -1.16% | |
S2 | 26.22 | -4.76% | ||
S3 | 24.74 | -10.13% |
GPK Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 16, 2024 | Mar 14, 2024 | Apr 05, 2024 | $0.100 | 0.349% |
2 | Nov 16, 2023 | Dec 14, 2023 | Jan 05, 2024 | $0.100 | 0.389% |
3 | Jul 28, 2023 | Sep 14, 2023 | Oct 05, 2023 | $0.100 | 0.465% |
4 | May 24, 2023 | Jun 14, 2023 | Oct 05, 2023 | $0.100 | 0.465% |
5 | Feb 20, 2023 | Mar 14, 2023 | Apr 05, 2023 | $0.100 | 0.397% |
FAQ
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