Graham Holdings Company Stock Forecast
Graham Holdings Company stock downgraded from Buy Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 20, 2024)
The Graham Holdings Company stock price fell by -0.269% on the last day (Monday, 20th May 2024) from $761.87 to $759.82. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.20% from a day low at $759.77 to a day high of $768.87. The price has been going up and down for this period, and there has been a 1.93% gain for the last 2 weeks. Volume has increased on the last day by 10 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, 22 thousand shares were bought and sold for approximately $16.77 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 5.00% during the next 3 months and, with a 90% probability hold a price between $744.42 and $829.02 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 $764.15. On a fall, the stock will find some support from the long-term average at approximately $736.67. 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 -1.29%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Graham Holdings Company stock
Graham Holdings Company finds support from accumulated volume at $750.81 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 $9.09 between high and low, or 1.20%. For the last week, the stock has had daily average volatility of 1.13%.
Our recommended stop-loss: $741.30 (-2.44%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (GHC) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Graham Holdings Company to open at $762.82, and during the day (based on 14 day Average True Range), to move between $748.26 and $771.38, which gives a possible trading interval of +/-$11.56 (+/-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 $763.07 (0.43%) than the support at $750.81 (1.19%), 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?
Graham Holdings Company 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.308 Hold/Accumulate Downgraded
Predicted Opening Price for Graham Holdings Company of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
$762.82 ( 0.395%) | $759.82 |
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 | 771.91 | 1.59 % | |
R2 | 768.44 | 1.13 % | ||
R1 | 766.29 | 0.85 % | ||
Current price: | 759.82 | |||
Support | S1 | 759.35 | -0.0624 % | |
S2 | 757.20 | -0.345 % | ||
S3 | 753.73 | -0.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 764.38 | 0.600 % | |
R2 | 763.10 | 0.432 % | ||
R1 | 763.07 | 0.428 % | ||
Current price | 759.82 | |||
Support | S1 | 750.81 | -1.19% | |
S2 | 733.45 | -3.47% | ||
S3 | 701.37 | -7.69% |
GHC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 18, 2024 | Jul 18, 2024 | Aug 08, 2024 | $1.72 | 0.226% |
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% |
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