GrafTech International Ltd. Stock Forecast
Weaker technical forecast for GrafTech International Ltd. as stock downgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The GrafTech International Ltd. stock price fell by -2.42% on the last day (Thursday, 25th Apr 2024) from $1.65 to $1.61. During the last trading day the stock fluctuated 7.10% from a day low at $1.55 to a day high of $1.66. The price has fallen in 6 of the last 10 days and is down by -5.85% for this period. Volume has increased on the last day by 820 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, 4 million shares were bought and sold for approximately $5.85 million.
The stock lies in the middle of a very wide and strong 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 11.78% during the next 3 months and, with a 90% probability hold a price between $1.50 and $2.28 at the end of this 3-month period.
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EAF Signals & Forecast
The GrafTech International Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $1.56 and $1.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 8.78%. 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. 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 GrafTech International Ltd. stock
GrafTech International Ltd. finds support from accumulated volume at $1.58 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.110 between high and low, or 7.10%. For the last week, the stock has had daily average volatility of 7.33%.
Our recommended stop-loss: $1.56 (-2.90%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (EAF) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect GrafTech International Ltd. to open at $1.61, and during the day (based on 14 day Average True Range), to move between $1.47 and $1.75, which gives a possible trading interval of +/-$0.141 (+/-8.78%) up or down from last closing price. If GrafTech International Ltd. takes out the full calculated possible swing range there will be an estimated 17.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.58 (1.86%) than the resistance at $1.70 (5.59%), 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
GrafTech International Ltd. will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.180. We will update the financials statements for GrafTech International Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.97% in the first trading day after earnings release.
Is GrafTech International Ltd. stock A Buy?
GrafTech International Ltd. 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: 0.436 Hold/Accumulate Downgraded
Predicted Opening Price for GrafTech International Ltd. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $1.61 ( 0.207%) | $1.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EAF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.72 | 6.63 % | |
| R2 | 1.67 | 4.02 % | ||
| R1 | 1.65 | 2.40 % | ||
| Current price: | 1.61 | |||
| Support | S1 | 1.56 | -2.82 % | |
| S2 | 1.54 | -4.43 % | ||
| S3 | 1.50 | -7.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.80 | 11.80 % | |
| R2 | 1.76 | 9.32 % | ||
| R1 | 1.70 | 5.59 % | ||
| Current price | 1.61 | |||
| Support | S1 | 1.58 | -1.86% | |
| S2 | 1.53 | -4.97% | ||
| S3 | 1.34 | -16.77% |
EAF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2023 | May 30, 2023 | Jun 30, 2023 | $0.0100 | 0.198% |
| 2 | Feb 09, 2023 | Feb 27, 2023 | Mar 31, 2023 | $0.0100 | 0.206% |
| 3 | Nov 10, 2022 | Nov 29, 2022 | Dec 30, 2022 | $0.0100 | 0.210% |
| 4 | Aug 18, 2022 | Aug 30, 2022 | Sep 30, 2022 | $0.0100 | 0.232% |
| 5 | May 12, 2022 | May 27, 2022 | Jun 30, 2022 | $0.0100 | 0.141% |
FAQ
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