Graham Corporation Stock Forecast
Red day on Tuesday for Graham Corporation stock after losing 0.664%
(Updated on Jul 02, 2024)
The Graham Corporation stock price fell by -0.664% on the last day (Tuesday, 2nd Jul 2024) from $28.61 to $28.42. During the last trading day the stock fluctuated 2.26% from a day low at $28.11 to a day high of $28.75. The price has fallen in 5 of the last 10 days and is down by -3.43% for this period. 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 -56 thousand shares and in total, 59 thousand shares were bought and sold for approximately $1.69 million.
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 -5.20% during the next 3 months and, with a 90% probability hold a price between $23.75 and $28.74 at the end of this 3-month period.
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GHM Signals & Forecast
The Graham Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $28.03 and $28.34. A breakdown below any of these levels will issue sell signals. 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 Wednesday, June 12, 2024, and so far it has fallen -7.34%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Graham Corporation stock
Graham Corporation finds support from accumulated volume at $28.00 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 $0.635 between high and low, or 2.26%. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: $27.17 (-4.39%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (GHM) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Graham Corporation to open at $28.43, and during the day (based on 14 day Average True Range), to move between $27.24 and $29.60, which gives a possible trading interval of +/-$1.18 (+/-4.15%) up or down from last closing price. If Graham Corporation takes out the full calculated possible swing range there will be an estimated 8.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $28.00 (1.48%) than the resistance at $30.63 (7.78%), 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 Corporation stock A Buy?
Graham Corporation 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: -0.215 Hold/Accumulate Unchanged
Predicted Opening Price for Graham Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $28.43 ( 0.0176%) | $28.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GHM
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 29.06 | 2.25% |
| R2 | 28.82 | 1.40% |
| R1 | 28.67 | 0.87% |
| Price | 28.42 | |
| S1 | 28.18 | -0.84% |
| S2 | 28.03 | -1.36% |
| S3 | 27.79 | -2.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.16 | 16.68% |
| R2 | 31.00 | 9.08% |
| R1 | 30.63 | 7.78% |
| Price | 28.42 | |
| S1 | 28.00 | -1.48% |
| S2 | 27.65 | -2.71% |
| S3 | 27.50 | -3.24% |
GHM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 26, 2021 | Nov 08, 2021 | Nov 23, 2021 | $0.110 | 0.86% |
| 2 | Jul 28, 2021 | Aug 10, 2021 | Aug 25, 2021 | $0.110 | 0.90% |
| 3 | May 26, 2021 | Jun 08, 2021 | Jun 23, 2021 | $0.110 | 0.83% |
| 4 | Jan 27, 2021 | Feb 09, 2021 | Feb 24, 2021 | $0.110 | 0.680% |
| 5 | Oct 27, 2020 | Nov 09, 2020 | Nov 24, 2020 | $0.110 | 0.688% |
FAQ
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