GrafTech International Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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
Click here for our free guide on how to buy GrafTech International Ltd. Stock.
