Greenbrier Companies Inc (The) Stock Forecast
Weaker technical forecast for Greenbrier Companies Inc (The) as stock downgraded to Hold/Accumulate.
(Updated on May 16, 2024)
The Greenbrier Companies Inc (The) stock price fell by -1.38% on the last day (Thursday, 16th May 2024) from $53.58 to $52.84. During the last trading day the stock fluctuated 2.66% from a day low at $52.03 to a day high of $53.42. The price has fallen in 5 of the last 10 days but is still up by 3.26% over the past 2 weeks. Volume has increased on the last day by 91 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, 284 thousand shares were bought and sold for approximately $15.00 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.58% during the next 3 months and, with a 90% probability hold a price between $53.37 and $59.94 at the end of this 3-month period.
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GBX Signals & Forecast
The Greenbrier Companies Inc (The) 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 $53.28. On a fall, the stock will find some support from the long-term average at approximately $52.36. 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. 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 Tuesday, May 14, 2024, and so far it has fallen -2.06%. 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 Greenbrier Companies Inc (The) stock
Greenbrier Companies Inc (The) finds support from accumulated volume at $52.40 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 $1.39 (2.66%) between high and low. For the last week, the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: $50.87 (-3.72%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (GBX) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Greenbrier Companies Inc (The) to open at $52.76, and during the day (based on 14 day Average True Range), to move between $51.41 and $54.27, which gives a possible trading interval of +/-$1.43 (+/-2.71%) 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 5.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $53.16 (0.61%) than the support at $52.40 (0.83%), 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 Greenbrier Companies Inc (The) stock A Buy?
Greenbrier Companies Inc (The) 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: 0.095 Hold/Accumulate Downgraded
Predicted Opening Price for Greenbrier Companies Inc (The) of Friday, May 17, 2024
Fair opening price May 17, 2024 | Current price |
---|---|
$52.76 ( 0.148%) | $52.84 |
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 | 54.15 | 2.47 % | |
R2 | 53.62 | 1.47 % | ||
R1 | 53.29 | 0.85 % | ||
Current price: | 52.84 | |||
Support | S1 | 52.23 | -1.15 % | |
S2 | 51.91 | -1.77 % | ||
S3 | 51.38 | -2.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 54.48 | 3.10 % | |
R2 | 53.49 | 1.23 % | ||
R1 | 53.16 | 0.606 % | ||
Current price | 52.84 | |||
Support | S1 | 52.40 | -0.83% | |
S2 | 52.10 | -1.40% | ||
S3 | 50.08 | -5.22% |
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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