Greystone Housing Impact Investors LP 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
Stronger technical forecast for Greystone Housing Impact Investors LP stock price after Thursday trading.
(Updated on May 09, 2024)
The Greystone Housing Impact Investors LP stock price gained 3.11% on the last trading day (Thursday, 9th May 2024), rising from $15.11 to $15.58. During the last trading day the stock fluctuated 2.90% from a day low at $15.15 to a day high of $15.59. The price has risen in 6 of the last 10 days and is up by 5.06% over the past 2 weeks. Volume fell on the last day by -49 thousand shares and in total, 17 thousand shares were bought and sold for approximately $268.37 thousand. 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 stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $15.56, a level that may pose a second chance to hit a runner. According to fan-theory $17.06 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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GHI Signals & Forecast
There are mixed signals in the stock today. The Greystone Housing Impact Investors LP 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 $15.59. On a fall, the stock will find some support from the short-term average at $15.56. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -0.83%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Greystone Housing Impact Investors LP stock
Greystone Housing Impact Investors LP finds support from accumulated volume at $15.26 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.440 between high and low, or 2.90%. For the last week the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GHI) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Greystone Housing Impact Investors LP to open at $15.44, and during the day (based on 14 day Average True Range), to move between $15.28 and $15.88, which gives a possible trading interval of +/-$0.296 (+/-1.90%) up or down from last closing price. If Greystone Housing Impact Investors LP takes out the full calculated possible swing range there will be an estimated 3.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.26 (2.05%) than the resistance at $16.19 (3.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Greystone Housing Impact Investors LP stock A Buy?
Greystone Housing Impact Investors LP holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.125 Sell Candidate Upgraded
Predicted Opening Price for Greystone Housing Impact Investors LP of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
$15.44 ( 0.90%) | $15.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GHI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.88 | 1.93 % | |
R2 | 15.71 | 0.85 % | ||
R1 | 15.61 | 0.180 % | ||
Current price: | 15.58 | |||
Support | S1 | 15.27 | -1.98 % | |
S2 | 15.17 | -2.64 % | ||
S3 | 15.00 | -3.72 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.78 | 7.70 % | |
R2 | 16.67 | 7.00 % | ||
R1 | 16.19 | 3.92 % | ||
Current price | 15.58 | |||
Support | S1 | 15.26 | -2.05% | |
S2 | 14.70 | -5.65% | ||
S3 | 14.54 | -6.68% |
GHI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Mar 27, 2024 | Apr 30, 2024 | $0.370 | 2.37% |
2 | Dec 13, 2023 | Dec 28, 2023 | Jan 31, 2024 | $0.440 | 2.63% |
3 | Sep 13, 2023 | Sep 28, 2023 | Oct 31, 2023 | $0.440 | 2.70% |
4 | Jun 14, 2023 | Jun 29, 2023 | Jul 31, 2023 | $0.440 | 2.77% |
5 | Mar 15, 2023 | Mar 30, 2023 | Apr 28, 2023 | $0.370 | 2.12% |
FAQ
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