GRIPM Advanced Materials Co., Ltd. Stock Forecast
A very red day for GRIPM Advanced Materials Co., Ltd. stock price after a -5.58% fall in the Thursday trading session
(Updated on Jun 27, 2024)
The GRIPM Advanced Materials Co., Ltd. stock price fell by -5.58% on the last day (Thursday, 27th Jun 2024) from $28.52 to $26.93. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.09% from a day low at $26.60 to a day high of $28.22. The price has fallen in 6 of the last 10 days but is still up by 0.64% over the past 2 weeks. Volume has increased on the last day by 356 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, 2 million shares were bought and sold for approximately $50.37 million.
The stock lies in the lower part of a very 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 $26.03 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 11.51% during the next 3 months and, with a 90% probability hold a price between $29.03 and $43.80 at the end of this 3-month period.
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688456.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 6.82%. Further rise is indicated until a new top pivot has been found. 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. The GRIPM Advanced Materials Co., Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $28.14 and $31.43. A break-up above any of these levels will issue buy signals. 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 GRIPM Advanced Materials Co., Ltd. stock
GRIPM Advanced Materials Co., Ltd. finds support from accumulated volume at $26.76 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $1.62 between high and low, or 6.09%. For the last week, the stock has had daily average volatility of 6.58%.
Our recommended stop-loss: $25.60 (-4.95%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (688456.SS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect GRIPM Advanced Materials Co., Ltd. to open at $27.25, and during the day (based on 14 day Average True Range), to move between $24.99 and $28.87, which gives a possible trading interval of +/-$1.94 (+/-7.21%) up or down from last closing price. If GRIPM Advanced Materials Co., Ltd. takes out the full calculated possible swing range there will be an estimated 14.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.76 (0.63%) than the resistance at $28.99 (7.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GRIPM Advanced Materials Co., Ltd. stock A Buy?
GRIPM Advanced Materials Co., Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.279 Hold/Accumulate Unchanged
Predicted Opening Price for GRIPM Advanced Materials Co., Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $27.25 ( 1.19%) | $26.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688456.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.87 | 7.20% |
| R2 | 28.25 | 4.91% |
| R1 | 27.87 | 3.49% |
| Price | 26.93 | |
| S1 | 26.63 | -1.11% |
| S2 | 26.25 | -2.53% |
| S3 | 25.63 | -4.83% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.55 | 24.58% |
| R2 | 29.50 | 9.54% |
| R1 | 28.99 | 7.65% |
| Price | 26.93 | |
| S1 | 26.76 | -0.631% |
| S2 | 25.41 | -5.64% |
| S3 | 25.21 | -6.39% |
688456 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2024 | Jun 28, 2024 | Jun 28, 2024 | $0.200 | 0.747% |
| 2 | Jun 28, 2023 | Jun 28, 2023 | Jun 28, 2023 | $0.200 | 0.622% |
| 3 | Jul 07, 2022 | Jul 07, 2022 | Jul 07, 2022 | $0.240 | 1.02% |
| 4 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | $0.150 | 0.548% |
FAQ
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