Gaming and Leisure Properties Stock Forecast
Gaming and Leisure Properties stock price down 0.544% on Tuesday
(Updated on Jul 02, 2024)
The Gaming and Leisure Properties stock price fell by -0.544% on the last day (Tuesday, 2nd Jul 2024) from $44.14 to $43.90. During the last trading day the stock fluctuated 0.93% from a day low at $43.88 to a day high of $44.29. The price has risen in 6 of the last 10 days and is up by 0.55% over the past 2 weeks. Volume has increased on the last day by 140 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $48.68 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Gaming and Leisure Properties stock with a 90% probability to be traded between $43.29 and $47.54 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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GLPI Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.13%. Further rise is indicated until a new top pivot has been found. 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. The Gaming and Leisure Properties stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $44.33 and $44.54. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Gaming and Leisure Properties stock
Gaming and Leisure Properties finds support from accumulated volume at $43.43 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.410 between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GLPI) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Gaming and Leisure Properties to open at $44.02, and during the day (based on 14 day Average True Range), to move between $43.10 and $44.70, which gives a possible trading interval of +/-$0.80 (+/-1.82%) up or down from last closing price. If Gaming and Leisure Properties takes out the full calculated possible swing range there will be an estimated 3.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $44.14 (0.55%) than the support at $43.43 (1.07%), 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 Gaming and Leisure Properties stock A Buy?
Gaming and Leisure Properties holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.494 Sell Candidate Unchanged
Predicted Opening Price for Gaming and Leisure Properties of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $44.02 ( 0.281%) | $43.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLPI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 44.43 | 1.21% |
| R2 | 44.28 | 0.86% |
| R1 | 44.18 | 0.638% |
| Price | 43.90 | |
| S1 | 43.87 | -0.0758% |
| S2 | 43.77 | -0.296% |
| S3 | 43.61 | -0.653% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 44.90 | 2.28% |
| R2 | 44.37 | 1.07% |
| R1 | 44.14 | 0.547% |
| Price | 43.90 | |
| S1 | 43.43 | -1.07% |
| S2 | 43.20 | -1.59% |
| S3 | 42.98 | -2.10% |
GLPI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 21, 2024 | $0.760 | 1.71% |
| 2 | Feb 27, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.760 | 1.65% |
| 3 | Nov 22, 2023 | Dec 07, 2023 | Dec 22, 2023 | $0.730 | 1.50% |
| 4 | Aug 30, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.730 | 1.60% |
| 5 | Jun 01, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.720 | 1.49% |
FAQ
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