GrafTech International Ltd. Stock Forecast
Green day on Tuesday for GrafTech International Ltd. stock after gaining 3.18%
(Updated on Jul 02, 2024)
The GrafTech International Ltd. stock price gained 3.18% on the last trading day (Tuesday, 2nd Jul 2024), rising from $0.97 to $1.00. During the last trading day the stock fluctuated 6.32% from a day low at $0.95 to a day high of $1.01. The price has been going up and down for this period, and there has been a -1.96% loss for the last 2 weeks. Volume fell on the last day by -470 thousand shares and in total, 2 million shares were bought and sold for approximately $2.11 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.92 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -25.06% during the next 3 months and, with a 90% probability hold a price between $0.692 and $1.36 at the end of this 3-month period.
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EAF Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 4.95%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The GrafTech International Ltd. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.43. On a fall, the stock will find some support from the short-term average at $1.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for GrafTech International Ltd. stock
GrafTech International Ltd. finds support from accumulated volume at $0.97 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 $0.0600 between high and low, or 6.32%. For the last week, the stock has had daily average volatility of 10.00%.
GrafTech International Ltd. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EAF) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect GrafTech International Ltd. to open at $0.99, and during the day (based on 14 day Average True Range), to move between $0.89 and $1.11, which gives a possible trading interval of +/-$0.113 (+/-11.32%) up or down from last closing price. If GrafTech International Ltd. takes out the full calculated possible swing range there will be an estimated 22.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.03 (3.00%) than the support at $0.97 (3.00%), 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 GrafTech International Ltd. stock A Buy?
GrafTech International Ltd. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.981 Sell Candidate Unchanged
Predicted Opening Price for GrafTech International Ltd. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $0.99 ( 1.33%) | $1.00 |
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 | |
|---|---|---|
| R3 | 1.05 | 4.67% |
| R2 | 1.02 | 2.37% |
| R1 | 1.01 | 0.96% |
| Price | 1.00 | |
| S1 | 0.96 | -3.63% |
| S2 | 0.95 | -5.04% |
| S3 | 0.93 | -7.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.09 | 9.00% |
| R2 | 1.05 | 5.00% |
| R1 | 1.03 | 3.00% |
| Price | 1.00 | |
| S1 | 0.97 | -3.00% |
| S2 | 0.97 | -3.08% |
| S3 | 0.95 | -4.72% |
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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