Graham Corporation Stock Forecast

Graham Corporation stock price ended at $27.64 on Wednesday, after losing 0.718%.
(Updated on May 01, 2024)

GHM Signals & Forecast

There are few to no technical positive signals at the moment. The Graham Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $28.17 and $28.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -16.65%. 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). Graham Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". 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 $27.28 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 $0.760 between high and low, or 2.78%. For the last week, the stock has had daily average volatility of 2.79%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GHM) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Graham Corporation to open at $27.72, and during the day (based on 14 day Average True Range), to move between $26.53 and $28.75, which gives a possible trading interval of +/-$1.11 (+/-4.02%) up or down from last closing price. If Graham Corporation takes out the full calculated possible swing range there will be an estimated 8.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $27.28 (1.30%) than the resistance at $30.57 (10.60%), 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?

The Graham Corporation stock holds several negative signals and despite the positive trend, we believe Graham Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.813 Sell Candidate Unchanged

Predicted Opening Price for Graham Corporation of Thursday, May 2, 2024

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