Graham Holdings Company Stock Forecast
Graham Holdings Company stock upgraded to Buy Candidate.
(Updated on May 21, 2024)
The Graham Holdings Company stock price fell by -1.22% on the last day (Tuesday, 21st May 2024) from $759.82 to $750.58. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.12% from a day low at $750.58 to a day high of $759.00. The price has fallen in 6 of the last 10 days and is down by -0.03% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 14 thousand shares were bought and sold for approximately $10.20 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.06% during the next 3 months and, with a 90% probability hold a price between $745.66 and $830.40 at the end of this 3-month period.
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GHC Signals & Forecast
The Graham Holdings Company stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $761.79. On a fall, the stock will find some support from the long-term average at approximately $736.47. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -2.49%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Graham Holdings Company stock
Graham Holdings Company finds support from accumulated volume at $733.45 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 $8.42 between high and low, or 1.12%. For the last week, the stock has had daily average volatility of 1.05%.
Our recommended stop-loss: $722.07 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (GHC) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Graham Holdings Company to open at $753.39, and during the day (based on 14 day Average True Range), to move between $739.18 and $761.98, which gives a possible trading interval of +/-$11.40 (+/-1.52%) up or down from last closing price. If Graham Holdings Company takes out the full calculated possible swing range there will be an estimated 3.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $759.82 (1.23%) than the support at $733.45 (2.28%), 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 Graham Holdings Company stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Graham Holdings Company stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.692 Buy Candidate Upgraded
Predicted Opening Price for Graham Holdings Company of Wednesday, May 22, 2024
Fair opening price May 22, 2024 | Current price |
---|---|
$753.39 ( 0.374%) | $750.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GHC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 761.81 | 1.50 % | |
R2 | 758.59 | 1.07 % | ||
R1 | 756.60 | 0.80 % | ||
Current price: | 750.58 | |||
Support | S1 | 750.17 | -0.0546 % | |
S2 | 748.18 | -0.319 % | ||
S3 | 744.97 | -0.748 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 764.38 | 1.84 % | |
R2 | 763.07 | 1.66 % | ||
R1 | 759.82 | 1.23 % | ||
Current price | 750.58 | |||
Support | S1 | 733.45 | -2.28% | |
S2 | 707.00 | -5.81% | ||
S3 | 701.37 | -6.56% |
GHC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 18, 2024 | Jul 18, 2024 | Aug 08, 2024 | $1.72 | 0.230% |
2 | Apr 17, 2024 | Apr 17, 2024 | May 09, 2024 | $1.72 | 0.225% |
3 | Jan 31, 2024 | Jan 31, 2024 | Feb 15, 2024 | $1.72 | 0.231% |
4 | Sep 07, 2023 | Oct 17, 2023 | Nov 02, 2023 | $1.65 | 0.276% |
5 | May 04, 2023 | Jul 18, 2023 | Aug 03, 2023 | $1.65 | 0.279% |
FAQ
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