Greenbrier Companies Inc (The) Stock Forecast
Greenbrier Companies Inc (The) stock price ended at $49.02 on Tuesday, after losing 0.163%.
(Updated on Jul 02, 2024)
The Greenbrier Companies Inc (The) stock price fell by -0.163% on the last day (Tuesday, 2nd Jul 2024) from $49.10 to $49.02. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.68% from a day low at $48.68 to a day high of $49.99. The price has fallen in 8 of the last 10 days and is down by -2.39% for this period. Volume has increased on the last day by 27 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, 219 thousand shares were bought and sold for approximately $10.72 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 -4.98% during the next 3 months and, with a 90% probability hold a price between $45.06 and $51.59 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 Friday, June 14, 2024, and so far it has risen 0.781%. 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. 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. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $49.44 and $51.38. 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). 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 Greenbrier Companies Inc (The) stock
Greenbrier Companies Inc (The) finds support from accumulated volume at $48.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $1.31 between high and low, or 2.68%. For the last week, the stock has had daily average volatility of 2.80%.
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 Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Greenbrier Companies Inc (The) to open at $49.23, and during the day (based on 14 day Average True Range), to move between $47.50 and $50.54, which gives a possible trading interval of +/-$1.52 (+/-3.10%) 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 6.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $48.64 (0.78%) than the resistance at $51.03 (4.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Greenbrier Companies Inc (The) will release earnings BMO on Monday, July 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.08. We will update the financials statements for Greenbrier Companies Inc (The), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.64% in the first trading day after earnings release.
Is Greenbrier Companies Inc (The) stock A Buy?
Greenbrier Companies Inc (The) holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.843 Sell Candidate Unchanged
Predicted Opening Price for Greenbrier Companies Inc (The) of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$49.23 ( 0.425%) | $49.02 |
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 | |
---|---|---|
R3 | 50.53 | 3.09% |
R2 | 50.03 | 2.07% |
R1 | 49.73 | 1.44% |
Price | 49.02 | |
S1 | 48.73 | -0.592% |
S2 | 48.42 | -1.22% |
S3 | 47.92 | -2.24% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 53.16 | 8.45% |
R2 | 52.40 | 6.90% |
R1 | 51.03 | 4.10% |
Price | 49.02 | |
S1 | 48.64 | -0.775% |
S2 | 0 | - |
S3 | 0 | - |
GBX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 22, 2024 | Apr 22, 2024 | May 14, 2024 | $0.300 | 0.556% |
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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