GB Group plc 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
Red day on Friday for GB Group plc
(Updated on Apr 26, 2024)
The GB Group plc stock price fell by -0.758% on the last day (Friday, 26th Apr 2024) from £290.20 to £288.00. During the last trading day the stock fluctuated 4.98% from a day low at £285.20 to a day high of £299.40. The price has been going up and down for this period, and there has been a 8.6% gain for the last 2 weeks. Volume has increased on the last day by 249 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, 695 thousand shares were bought and sold for approximately £200.02 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.97% during the next 3 months and, with a 90% probability hold a price between £232.86 and £283.96 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GBG.L Signals & Forecast
The GB Group plc 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 £277.66 and £267.69. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -4.82%. Further fall is indicated until a new bottom pivot has been found. 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 GB Group plc stock
On the downside, the stock finds support just below today's level from accumulated volume at £270.60 and £266.40. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, GB Group plc finds support just below today's level at £270.60. If this is broken, then the next support from accumulated volume will be at £266.40 and £266.00.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £14.20 between high and low, or 4.98%. For the last week, the stock has had daily average volatility of 4.86%.
Our recommended stop-loss: £274.99 (-4.52%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (GBG.L) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect GB Group plc to open at £290.87, and during the day (based on 14 day Average True Range), to move between £276.66 and £299.34, which gives a possible trading interval of +/-£11.34 (+/-3.94%) up or down from last closing price. If GB Group plc takes out the full calculated possible swing range there will be an estimated 7.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £288.40 (0.14%) than the support at £270.60 (6.04%), 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 GB Group plc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.229 Buy Candidate Unchanged
Predicted Opening Price for GB Group plc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| £290.87 ( 1.00%) | £288.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GBG.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 305.07 | 5.93 % | |
| R2 | 299.64 | 4.04 % | ||
| R1 | 296.29 | 2.88 % | ||
| Current price: | 288.00 | |||
| Support | S1 | 285.44 | -0.89 % | |
| S2 | 282.09 | -2.05 % | ||
| S3 | 276.67 | -3.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 302.60 | 5.07 % | |
| R2 | 301.00 | 4.51 % | ||
| R1 | 288.40 | 0.139 % | ||
| Current price | 288.00 | |||
| Support | S1 | 270.60 | -6.04% | |
| S2 | 266.40 | -7.50% | ||
| S3 | 266.00 | -7.64% |
GBG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 22, 2023 | Jun 22, 2023 | Jun 22, 2023 | £4.00 | 1.64% |
| 2 | Jun 16, 2022 | Jun 23, 2022 | Aug 03, 2022 | £3.81 | 0.744% |
| 3 | Jun 15, 2021 | Jun 24, 2021 | Aug 03, 2021 | £3.40 | 0.400% |
| 4 | Dec 08, 2020 | Dec 17, 2020 | Jan 21, 2021 | £3.00 | 0.338% |
| 5 | Jun 05, 2019 | Jul 18, 2019 | Aug 23, 2019 | £2.99 | 0.531% |
FAQ
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