Getty Realty Corporation Stock Forecast
Getty Realty Corporation stock downgraded to Hold/Accumulate
(Updated on May 03, 2024)
The Getty Realty Corporation stock price fell by -0.0723% on the last day (Friday, 3rd May 2024) from $27.65 to $27.63. During the last trading day the stock fluctuated 1.60% from a day low at $27.46 to a day high of $27.90. The price has risen in 6 of the last 10 days and is up by 2.37% over the past 2 weeks. 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 -62 thousand shares and in total, 171 thousand shares were bought and sold for approximately $4.72 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $27.65 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Getty Realty Corporation stock with a 90% probability to be traded between $26.17 and $27.70 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GTY Signals & Forecast
The Getty Realty Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $27.25 and $26.95. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 02, 2024, and so far it has fallen -0.0723%. 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. The stock had a Golden Star Signal on Thursday, April 04, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, April 04, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Thursday, May 02, 2024 and based on theory for this formation the price should fall by -6.92% to $25.72 within 17 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for Getty Realty Corporation stock
Getty Realty Corporation finds support from accumulated volume at $27.35 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.440 between high and low, or 1.60%. For the last week the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: $26.61 (-3.69%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (GTY) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Getty Realty Corporation to open at $27.66, and during the day (based on 14 day Average True Range), to move between $27.15 and $28.11, which gives a possible trading interval of +/-$0.476 (+/-1.72%) up or down from last closing price. If Getty Realty Corporation takes out the full calculated possible swing range there will be an estimated 3.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.65 (0.07%) than the support at $27.35 (1.01%), 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 Getty Realty Corporation stock A Buy?
Getty Realty Corporation 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: 0.246 Hold/Accumulate Downgraded
Predicted Opening Price for Getty Realty Corporation of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $27.66 ( 0.109%) | $27.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GTY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.10 | 1.70 % | |
| R2 | 27.93 | 1.09 % | ||
| R1 | 27.83 | 0.717 % | ||
| Current price: | 27.63 | |||
| Support | S1 | 27.49 | -0.500 % | |
| S2 | 27.39 | -0.88 % | ||
| S3 | 27.22 | -1.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 27.65 | 0.0724 % | ||
| Current price | 27.63 | |||
| Support | S1 | 27.35 | -1.01% | |
| S2 | 27.15 | -1.74% | ||
| S3 | 27.10 | -1.92% |
GTY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Jun 27, 2024 | Jul 11, 2024 | $0.450 | 1.63% |
| 2 | Feb 13, 2024 | Mar 27, 2024 | Apr 11, 2024 | $0.450 | 1.69% |
| 3 | Oct 24, 2023 | Dec 27, 2023 | Jan 11, 2024 | $0.450 | 1.56% |
| 4 | Jul 25, 2023 | Sep 27, 2023 | Oct 12, 2023 | $0.430 | 1.58% |
| 5 | Apr 25, 2023 | Jun 21, 2023 | Jul 06, 2023 | $0.430 | 1.30% |
FAQ
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