GABLES RESIDENTIAL TRUST Stock Forecast

GABLES RESIDENTIAL TRUST stock upgraded to Buy Candidate.
(Updated on May 03, 2024)

GBP.L Signals & Forecast

The GABLES RESIDENTIAL TRUST stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £0.0852. On a fall, the stock will find some support from the long-term average at approximately £0.0622. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has fallen 0%. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for GABLES RESIDENTIAL TRUST stock

On the downside, the stock finds support just below today's level from accumulated volume at £0.0750 and £0.0725. 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, GABLES RESIDENTIAL TRUST finds support just below today's level at £0.0750. If this is broken, then the next support from accumulated volume will be at £0.0725 and £0.0675.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 51.80%

Our recommended stop-loss: £0.0777 (-5.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (GBP.L) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect GABLES RESIDENTIAL TRUST to open at £0.0825, and during the day (based on 14 day Average True Range), to move between £0.0657 and £0.0993, which gives a possible trading interval of +/-£0.0168 (+/-20.38%) up or down from last closing price. If GABLES RESIDENTIAL TRUST takes out the full calculated possible swing range there will be an estimated 40.77% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.0750 (9.09%) than the resistance at £0.0925 (12.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is GABLES RESIDENTIAL TRUST 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.787 Buy Candidate Upgraded

Predicted Opening Price for GABLES RESIDENTIAL TRUST of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.