Grupo Carso, S.A.B. de C.V. Stock Forecast
Green day on Friday for Grupo Carso, S.A.B. de C.V. stock after gaining 0.160%
(Updated on May 17, 2024)
The Grupo Carso, S.A.B. de C.V. stock price gained 0.160% on the last trading day (Friday, 17th May 2024), rising from $150.10 to $150.34. During the last trading day the stock fluctuated 1.46% from a day low at $148.88 to a day high of $151.05. The price has risen in 6 of the last 10 days and is up by 5.87% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 109 thousand more shares were traded than the day before. In total, 109 thousand shares were bought and sold for approximately $16.45 million.
Given the current short-term trend, the stock is expected to fall -3.59% during the next 3 months and, with a 90% probability hold a price between $126.67 and $144.95 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GCARSOA1.MX Signals & Forecast
The Grupo Carso, S.A.B. de C.V. 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 $148.58 and $143.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 13.27%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Grupo Carso, S.A.B. de C.V. stock
Grupo Carso, S.A.B. de C.V. finds support from accumulated volume at $150.19 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 $2.17 between high and low, or 1.46%. For the last week, the stock has had daily average volatility of 2.80%.
Our recommended stop-loss: $143.83 (-4.33%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (GCARSOA1.MX) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Grupo Carso, S.A.B. de C.V. to open at $150.09, and during the day (based on 14 day Average True Range), to move between $145.18 and $155.50, which gives a possible trading interval of +/-$5.16 (+/-3.43%) up or down from last closing price. If Grupo Carso, S.A.B. de C.V. takes out the full calculated possible swing range there will be an estimated 6.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $150.19 (0.10%) than the resistance at $150.67 (0.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Grupo Carso, S.A.B. de C.V. stock A Buy?
Grupo Carso, S.A.B. de C.V. 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Grupo Carso, S.A.B. de C.V. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $150.09 ( 0.166%) | $150.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GCARSOA1.MX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 152.26 | 1.28 % | |
| R2 | 151.43 | 0.726 % | ||
| R1 | 150.92 | 0.385 % | ||
| Current price: | 150.34 | |||
| Support | S1 | 149.26 | -0.718 % | |
| S2 | 148.75 | -1.06 % | ||
| S3 | 147.92 | -1.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 154.66 | 2.87 % | |
| R2 | 151.01 | 0.446 % | ||
| R1 | 150.67 | 0.220 % | ||
| Current price | 150.34 | |||
| Support | S1 | 150.19 | -0.0998% | |
| S2 | 143.00 | -4.88% | ||
| S3 | 137.48 | -8.55% |
GCARSOA1 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 28, 2023 | Jun 28, 2023 | Jun 28, 2023 | $0.600 | 0.499% |
| 2 | Jun 22, 2023 | Jun 22, 2023 | Jun 22, 2023 | $1.20 | 1.00% |
| 3 | Dec 23, 2022 | Dec 23, 2022 | Dec 23, 2022 | $0.500 | 0.570% |
| 4 | May 30, 2022 | May 30, 2022 | May 30, 2022 | $1.00 | 1.22% |
| 5 | Jun 24, 2021 | Jun 24, 2021 | Jun 24, 2021 | $0.96 | 1.55% |
FAQ
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