Global Medical Reit Inc. Stock Forecast
Global Medical Reit Inc. stock price up 0.0800% on Friday
(Updated on Jun 28, 2024)
The Global Medical Reit Inc. stock price gained 0.0800% on the last trading day (Friday, 28th Jun 2024), rising from $25.00 to $25.02. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.21% from a day low at $24.72 to a day high of $25.02. The price has risen in 6 of the last 10 days and is up by 1.09% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 5 thousand shares were bought and sold for approximately $120.42 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 is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Global Medical Reit Inc. stock with a 90% probability to be traded between $24.54 and $25.65 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GMRE-PA Signals & Forecast
The Global Medical Reit Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $24.91 and $24.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 1.49%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The stock had a Golden Star Signal on Wednesday, June 26, 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 Wednesday, June 26, 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.
A sell signal from a double top formation was found on Thursday, June 20, 2024 and based on theory for this formation the price should fall by -2.75% to $24.33 within 9 trading days since signal was issued (Wednesday, July 03, 2024).
Support, Risk & Stop-loss for Global Medical Reit Inc. stock
Global Medical Reit Inc. finds support from accumulated volume at $25.00 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 $0.300 between high and low, or 1.21%. For the last week the stock has had daily average volatility of 0.83%
Our recommended stop-loss: $23.74 (-5.12%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (GMRE-PA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Global Medical Reit Inc. to open at $24.92, and during the day (based on 14 day Average True Range), to move between $24.73 and $25.31, which gives a possible trading interval of +/-$0.286 (+/-1.14%) up or down from last closing price. If Global Medical Reit Inc. takes out the full calculated possible swing range there will be an estimated 2.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.00 (0.08%) than the resistance at $25.07 (0.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Global Medical Reit Inc. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Global Medical Reit Inc. stock to perform well in the short-term period.
Current score: 2.932 Buy Candidate Unchanged
Predicted Opening Price for Global Medical Reit Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $24.92 ( 0.400%) | $25.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GMRE-PA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.22 | 0.799% |
| R2 | 25.11 | 0.341% |
| R1 | 25.03 | 0.0584% |
| Price | 25.02 | |
| S1 | 24.81 | -0.86% |
| S2 | 24.73 | -1.14% |
| S3 | 24.62 | -1.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.23 | 0.84% |
| R2 | 25.19 | 0.679% |
| R1 | 25.07 | 0.200% |
| Price | 25.02 | |
| S1 | 25.00 | -0.0799% |
| S2 | 24.75 | -1.08% |
| S3 | 24.33 | -2.76% |
GMRE-PA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2024 | Jul 15, 2024 | Jul 31, 2024 | $0.469 | 1.87% |
| 2 | Apr 12, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.469 | 1.94% |
| 3 | Jan 11, 2024 | Jan 11, 2024 | Jan 31, 2024 | $0.469 | 1.90% |
| 4 | Oct 12, 2023 | Oct 12, 2023 | Oct 31, 2023 | $0.469 | 1.98% |
| 5 | Jul 13, 2023 | Jul 13, 2023 | Jul 31, 2023 | $0.469 | 1.89% |
FAQ
Click here for our free guide on how to buy Global Medical Reit Inc. Stock.
