Graham Holdings Company 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
Graham Holdings Company stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on May 01, 2024)
The Graham Holdings Company stock price gained 2.36% on the last trading day (Wednesday, 1st May 2024), rising from $701.37 to $717.90. During the last trading day the stock fluctuated 3.87% from a day low at $707.63 to a day high of $735.04. The price has been going up and down for this period, and there has been a 3.29% gain for the last 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 15 thousand shares were bought and sold for approximately $10.87 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Graham Holdings Company stock with a 90% probability to be traded between $709.23 and $786.03 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GHC Signals & Forecast
There are mixed signals in the stock today. The Graham Holdings Company stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $729.31. On a fall, the stock will find some support from the short-term average at $713.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.29%. 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.
Support, Risk & Stop-loss for Graham Holdings Company stock
Graham Holdings Company finds support from accumulated volume at $709.13 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 $27.41 between high and low, or 3.87%. For the last week, the stock has had daily average volatility of 1.57%.
Our recommended stop-loss: $682.14 (-4.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (GHC) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Graham Holdings Company to open at $720.19, and during the day (based on 14 day Average True Range), to move between $703.93 and $731.87, which gives a possible trading interval of +/-$13.97 (+/-1.95%) up or down from last closing price. If Graham Holdings Company takes out the full calculated possible swing range there will be an estimated 3.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $709.13 (1.22%) than the resistance at $733.45 (2.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Graham Holdings Company stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Graham Holdings Company stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.986 Buy Candidate Upgraded
Predicted Opening Price for Graham Holdings Company of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $720.19 ( 0.319%) | $717.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GHC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 747.60 | 4.14 % | |
| R2 | 737.13 | 2.68 % | ||
| R1 | 730.66 | 1.78 % | ||
| Current price: | 717.90 | |||
| Support | S1 | 709.72 | -1.14 % | |
| S2 | 703.25 | -2.04 % | ||
| S3 | 692.78 | -3.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 767.68 | 6.93 % | |
| R2 | 745.10 | 3.79 % | ||
| R1 | 733.45 | 2.17 % | ||
| Current price | 717.90 | |||
| Support | S1 | 709.13 | -1.22% | |
| S2 | 707.00 | -1.52% | ||
| S3 | 701.37 | -2.30% |
GHC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 17, 2024 | May 09, 2024 | $1.72 | 0.240% |
| 2 | Jan 31, 2024 | Jan 31, 2024 | Feb 15, 2024 | $1.72 | 0.231% |
| 3 | Sep 07, 2023 | Oct 17, 2023 | Nov 02, 2023 | $1.65 | 0.276% |
| 4 | May 04, 2023 | Jul 18, 2023 | Aug 03, 2023 | $1.65 | 0.279% |
| 5 | Feb 23, 2023 | Apr 19, 2023 | May 11, 2023 | $1.65 | 0.285% |
FAQ
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