GLENBOROUGH REALTY TRUST INC Stock Forecast
Green day on Wednesday for GLENBOROUGH REALTY TRUST INC stock after gaining 2.78%
(Updated on May 01, 2024)
The GLENBOROUGH REALTY TRUST INC stock price gained 2.78% on the last trading day (Wednesday, 1st May 2024), rising from £17.60 to £18.09. During the last trading day the stock fluctuated 4.45% from a day low at £17.60 to a day high of £18.38. The price has been going up and down for this period, and there has been a 7.04% gain for the last 2 weeks. Volume fell on the last day by -7 thousand shares and in total, 60 shares were bought and sold for approximately £1.09 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 stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.16% during the next 3 months and, with a 90% probability hold a price between £19.20 and £21.13 at the end of this 3-month period.
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GLB.L Signals & Forecast
The GLENBOROUGH REALTY TRUST INC 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 £17.51 and £17.59. A breakdown below any of these levels will issue sell signals. 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, April 09, 2024, and so far it has fallen -0.0552%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, April 29, 2024 in the short-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
The stock had a Golden Star Signal on Monday, April 29, 2024 in the short-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 GLENBOROUGH REALTY TRUST INC stock
GLENBOROUGH REALTY TRUST INC finds support from accumulated volume at £17.70 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 very controlled movements and therefore the general risk is considered very 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 £0.784 between high and low, or 4.45%. For the last week the stock has had daily average volatility of 5.15%
Our recommended stop-loss: £17.48 (-3.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (GLB.L) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect GLENBOROUGH REALTY TRUST INC to open at £18.02, and during the day (based on 14 day Average True Range), to move between £17.21 and £18.97, which gives a possible trading interval of +/-£0.88 (+/-4.88%) up or down from last closing price. If GLENBOROUGH REALTY TRUST INC takes out the full calculated possible swing range there will be an estimated 9.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £18.10 (0.06%) than the support at £17.70 (2.16%), 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.
Is GLENBOROUGH REALTY TRUST INC stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GLENBOROUGH REALTY TRUST INC stock to perform well in the short-term.
Current score: 1.167 Buy Candidate Unchanged
Predicted Opening Price for GLENBOROUGH REALTY TRUST INC of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
£18.02 ( 0.361%) | £18.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLB.L
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.81 | 3.97 % | |
R2 | 18.51 | 2.32 % | ||
R1 | 18.32 | 1.29 % | ||
Current price: | 18.09 | |||
Support | S1 | 17.73 | -2.02 % | |
S2 | 17.54 | -3.04 % | ||
S3 | 17.24 | -4.70 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 18.10 | 0.0553 % | ||
Current price | 18.09 | |||
Support | S1 | 17.70 | -2.16% | |
S2 | 17.50 | -3.26% | ||
S3 | 15.41 | -14.81% |
GLB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | May 03, 2024 | £0.212 | 1.17% |
2 | Mar 01, 2023 | Mar 23, 2023 | May 05, 2023 | £0.193 | 1.40% |
3 | Aug 17, 2022 | Aug 25, 2022 | Oct 07, 2022 | £0.129 | 1.04% |
4 | Mar 03, 2022 | Mar 24, 2022 | May 06, 2022 | £0.175 | 1.51% |
5 | Aug 12, 2021 | Aug 19, 2021 | Oct 01, 2021 | £0.118 | 0.83% |
FAQ
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