Greenbrier Companies Inc (The) Stock Forecast
Greenbrier Companies Inc (The) stock price ended at $49.55 on Wednesday, after gaining 0.324%.
(Updated on May 01, 2024)
The Greenbrier Companies Inc (The) stock price gained 0.324% on the last trading day (Wednesday, 1st May 2024), rising from $49.39 to $49.55. During the last trading day the stock fluctuated 3.26% from a day low at $49.03 to a day high of $50.63. The price has fallen in 5 of the last 10 days and is down by -2.17% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 370 thousand shares were bought and sold for approximately $18.33 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $49.47 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.50% during the next 3 months and, with a 90% probability hold a price between $54.17 and $61.40 at the end of this 3-month period.
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GBX Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.324%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Greenbrier Companies Inc (The) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $51.82 and $51.33. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Greenbrier Companies Inc (The) stock
Greenbrier Companies Inc (The) finds support from accumulated volume at $49.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.60 (3.26%) between high and low. For the last week, the stock has had daily average volatility of 3.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GBX) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Greenbrier Companies Inc (The) to open at $49.74, and during the day (based on 14 day Average True Range), to move between $47.90 and $51.20, which gives a possible trading interval of +/-$1.65 (+/-3.34%) up or down from last closing price. If Greenbrier Companies Inc (The) takes out the full calculated possible swing range there will be an estimated 6.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $49.39 (0.32%) than the resistance at $52.40 (5.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Greenbrier Companies Inc (The) stock A Buy?
The Greenbrier Companies Inc (The) stock holds several negative signals and despite the positive trend, we believe Greenbrier Companies Inc (The) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.262 Sell Candidate Unchanged
Predicted Opening Price for Greenbrier Companies Inc (The) of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $49.74 ( 0.377%) | $49.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GBX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.34 | 3.61 % | |
| R2 | 50.73 | 2.37 % | ||
| R1 | 50.35 | 1.61 % | ||
| Current price: | 49.55 | |||
| Support | S1 | 49.13 | -0.86 % | |
| S2 | 48.75 | -1.62 % | ||
| S3 | 48.14 | -2.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.48 | 9.95 % | |
| R2 | 53.16 | 7.29 % | ||
| R1 | 52.40 | 5.75 % | ||
| Current price | 49.55 | |||
| Support | S1 | 49.39 | -0.323% | |
| S2 | 49.07 | -0.97% | ||
| S3 | 48.05 | -3.03% |
GBX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | May 14, 2024 | $0.300 | 0.605% |
| 2 | Jan 05, 2024 | Jan 24, 2024 | Feb 15, 2024 | $0.300 | 0.611% |
| 3 | Oct 20, 2023 | Nov 07, 2023 | Nov 29, 2023 | $0.300 | 0.81% |
| 4 | Jun 29, 2023 | Jul 17, 2023 | Aug 08, 2023 | $0.300 | 0.640% |
| 5 | Apr 04, 2023 | Apr 24, 2023 | May 16, 2023 | $0.270 | 1.02% |
FAQ
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