GABLES RESIDENTIAL TRUST Stock Forecast

Volatile ride for GABLES RESIDENTIAL TRUST stock price on Friday moving between £0.0667 and £0.0850
(Updated on May 24, 2024)

GBP.L Signals & Forecast

The GABLES RESIDENTIAL TRUST 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 £0.0722 and £0.0697. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 12.31%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

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

GABLES RESIDENTIAL TRUST finds support from accumulated volume at £0.0725 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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved £0.0183 between high and low, or 27.51%. For the last week the stock has had daily average volatility of 20.64%.

Our recommended stop-loss: £0.0690 (-5.44%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 17 days ago.)

Trading Expectations (GBP.L) For The Upcoming Trading Day Of Tuesday 28th

For the upcoming trading day on Tuesday, 28th we expect GABLES RESIDENTIAL TRUST to open at £0.0749, and during the day (based on 14 day Average True Range), to move between £0.0605 and £0.0855, which gives a possible trading interval of +/-£0.0125 (+/-17.18%) up or down from last closing price. If GABLES RESIDENTIAL TRUST takes out the full calculated possible swing range there will be an estimated 34.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.0725 (0.68%) than the resistance at £0.0750 (2.74%), 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?

GABLES RESIDENTIAL TRUST 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.317 Hold/Accumulate Downgraded

Predicted Opening Price for GABLES RESIDENTIAL TRUST of Tuesday, May 28, 2024

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