Grupo Carso, S.A.B. de C.V. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Grupo Carso, S.A.B. de C.V. stock upgraded from Sell Candidate to Hold/Accumulate after Thursday trading session.
(Updated on May 23, 2024)
The Grupo Carso, S.A.B. de C.V. stock price gained 0.565% on the last trading day (Thursday, 23rd May 2024), rising from $141.54 to $142.34. During the last trading day the stock fluctuated 2.67% from a day low at $139.58 to a day high of $143.30. The price has been going up and down for this period, and there has been a -4.46% loss for the last 2 weeks. Volume fell on the last day by -81 thousand shares and in total, 158 thousand shares were bought and sold for approximately $22.42 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -2.81% during the next 3 months and, with a 90% probability hold a price between $127.68 and $145.97 at the end of this 3-month period.
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GCARSOA1.MX Signals & Forecast
The Grupo Carso, S.A.B. de C.V. 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 $145.05. On a fall, the stock will find some support from the long-term average at approximately $142.33. 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. A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 2.68%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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).
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 $141.74 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 $3.72 between high and low, or 2.67%. For the last week, the stock has had daily average volatility of 3.04%.
Our recommended stop-loss: $135.58 (-4.75%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (GCARSOA1.MX) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Grupo Carso, S.A.B. de C.V. to open at $141.74, and during the day (based on 14 day Average True Range), to move between $137.00 and $147.68, which gives a possible trading interval of +/-$5.34 (+/-3.75%) 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 7.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $141.74 (0.42%) than the resistance at $143.00 (0.46%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.679 Hold/Accumulate Upgraded
Predicted Opening Price for Grupo Carso, S.A.B. de C.V. of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| $141.74 ( 0.422%) | $142.34 |
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 | 145.46 | 2.19 % | |
| R2 | 144.04 | 1.19 % | ||
| R1 | 143.16 | 0.577 % | ||
| Current price: | 142.34 | |||
| Support | S1 | 140.32 | -1.42 % | |
| S2 | 139.44 | -2.04 % | ||
| S3 | 138.02 | -3.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 150.19 | 5.51 % | |
| R2 | 149.18 | 4.81 % | ||
| R1 | 143.00 | 0.464 % | ||
| Current price | 142.34 | |||
| Support | S1 | 141.74 | -0.422% | |
| S2 | 137.48 | -3.41% | ||
| S3 | 132.73 | -6.75% |
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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