GrafTech International Ltd. Stock Forecast
High volatility in GrafTech International Ltd. stock price on Friday which ended trading at $1.58
(Updated on Apr 26, 2024)
The GrafTech International Ltd. stock price fell by -1.86% on the last day (Friday, 26th Apr 2024) from $1.61 to $1.58. During the last trading day the stock fluctuated 32.08% from a day low at $1.43 to a day high of $1.89. The price has fallen in 7 of the last 10 days and is down by -12.22% for this period. Volume has increased on the last day by 2 million 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, 5 million shares were bought and sold for approximately $8.60 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 12.20% during the next 3 months and, with a 90% probability hold a price between $1.51 and $2.30 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. 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 $1.57 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 6.76%. 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 $1.51 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 $0.459 between high and low, or 32.08%. For the last week, the stock has had daily average volatility of 12.72%.
Our recommended stop-loss: $1.53 (-2.99%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (EAF) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect GrafTech International Ltd. to open at $1.63, and during the day (based on 14 day Average True Range), to move between $1.42 and $1.74, which gives a possible trading interval of +/-$0.164 (+/-10.39%) up or down from last closing price. If GrafTech International Ltd. takes out the full calculated possible swing range there will be an estimated 20.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.51 (4.43%) than the resistance at $1.70 (7.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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.
Current score: 0.960 Hold/Accumulate Unchanged
Predicted Opening Price for GrafTech International Ltd. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$1.63 ( 3.40%) | $1.58 |
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 | 2.09 | 32.45 % | |
R2 | 1.92 | 21.35 % | ||
R1 | 1.81 | 14.49 % | ||
Current price: | 1.58 | |||
Support | S1 | 1.46 | -7.70 % | |
S2 | 1.35 | -14.56 % | ||
S3 | 1.17 | -25.65 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.80 | 13.92 % | |
R2 | 1.76 | 11.39 % | ||
R1 | 1.70 | 7.59 % | ||
Current price | 1.58 | |||
Support | S1 | 1.51 | -4.43% | |
S2 | 1.34 | -15.19% | ||
S3 | 1.24 | -21.52% |
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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