RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GGG
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Stronger technical forecast for Graco Inc stock price after Friday trading.
(Updated on Jul 19, 2024)

Hold candidate since Jul 19, 2024 PDF

The Graco Inc stock price fell by -0.86% on the last day (Friday, 19th Jul 2024) from $82.67 to $81.96. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.70% from a day low at $81.27 to a day high of $82.65. The price has been going up and down for this period, and there has been a 4.01% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -10 thousand shares and in total, 683 thousand shares were bought and sold for approximately $56.01 million.

The stock lies in the middle of a 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 -5.25% during the next 3 months and, with a 90% probability hold a price between $72.79 and $80.02 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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GGG Signals & Forecast

The Graco Inc 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 $82.32. On a fall, the stock will find some support from the long-term average at approximately $79.85. 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, July 16, 2024, and so far it has fallen -3.21%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Graco Inc stock

Graco Inc finds support from accumulated volume at $80.75 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 (1.70%) between high and low. For the last week, the stock has had daily average volatility of 2.00%.

Our recommended stop-loss: $78.48 (-4.25%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (GGG) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Graco Inc to open at $81.96, and during the day (based on 14 day Average True Range), to move between $80.49 and $83.43, which gives a possible trading interval of +/-$1.47 (+/-1.79%) up or down from last closing price. If Graco Inc takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $83.13 (1.43%) than the support at $80.75 (1.48%), 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.

Earnings coming up

Graco Inc will release earnings AMC on Wednesday, July 24, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.760. We will update the financials statements for Graco Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.13% in the first trading day after earnings release.

Is Graco Inc stock A Buy?

Graco Inc 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: 0.115 Hold/Accumulate Upgraded

Predicted Opening Price for Graco Inc of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$81.96 ( 0.0020%) $81.96

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GGG

Fibonacci Support & Resistance Levels

Level Price
R3 83.34 1.69%
R2 82.81 1.04%
R1 82.49 0.643%
Price 81.96
S1 81.43 -0.648%
S2 81.10 -1.05%
S3 80.57 -1.69%

Accumulated Volume Support & Resistance Levels

Level Price
R3 83.56 1.95%
R2 83.52 1.90%
R1 83.13 1.43%
Price 81.96
S1 80.75 -1.48%
S2 79.01 -3.60%
S3 78.11 -4.70%

GGG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 14, 2024 Jul 22, 2024 Aug 07, 2024 $0.255 0.311%
2 Feb 16, 2024 Apr 12, 2024 May 01, 2024 $0.255 0.317%
3 Dec 01, 2023 Jan 19, 2024 Feb 07, 2024 $0.255 0.292%
4 Sep 15, 2023 Oct 13, 2023 Nov 01, 2023 $0.235 0.317%
5 Jun 16, 2023 Jul 14, 2023 Aug 02, 2023 $0.235 0.299%

FAQ

What is the symbol for Graco Inc Stock and on which exchange is it traded?
The symbol for Graco Inc is GGG and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Graco Inc Stock?
Graco Inc 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.

How to buy Graco Inc Stock?
Graco Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Graco Inc Stock.

What's the current price of Graco Inc Stock?
As of the end of day on the Jul 19, 2024, the price of an Graco Inc (GGG) share was $81.96.

What is the 52-week high and low for Graco Inc Stock?
The 52-week high for Graco Inc Stock is $94.77 and the 52-week low is $69.79.

What is the market capitalization of Graco Inc Stock?
As of the Jul 19, 2024, the market capitalization of Graco Inc is 13.862B.

When is the next earnings date for Graco Inc?
The upcoming earnings date for Graco Inc is Jul 24, 2024.
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About Graco Inc

Graco Graco Inc. designs, manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. The company's Industrial segment offers proportioning systems to spray polyurethane foam and polyurea coatings; equipment that pumps, meters, mixes and dispenses sealant, adhesive, and composite materials; and gel-coat equipment, chop and wet-out systems, resin transfer molding systems and a... GGG Profile

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