Goodman Property Trust Stock Forecast
Goodman Property Trust stock price up 0.713% on Monday
(Updated on Jun 17, 2024)
The Goodman Property Trust stock price gained 0.713% on the last trading day (Monday, 17th Jun 2024), rising from $2.11 to $2.12. During the last trading day the stock fluctuated 1.68% from a day low at $2.09 to a day high of $2.12. The price has fallen in 7 of the last 10 days and is down by -3.2% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 274 thousand more shares were traded than the day before. In total, 836 thousand shares were bought and sold for approximately $1.77 million.
The stock lies in the lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.10 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.98% during the next 3 months and, with a 90% probability hold a price between $1.98 and $2.07 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GMT.NZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.713%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Goodman Property Trust 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 $2.12 and $2.18. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Goodman Property Trust stock
Goodman Property Trust finds support from accumulated volume at $2.11 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 $0.0350 between high and low, or 1.68%. For the last week the stock has had daily average volatility of 1.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GMT.NZ) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Goodman Property Trust to open at $2.11, and during the day (based on 14 day Average True Range), to move between $2.08 and $2.16, which gives a possible trading interval of +/-$0.0371 (+/-1.75%) up or down from last closing price. If Goodman Property Trust takes out the full calculated possible swing range there will be an estimated 3.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.11 (0.47%) than the resistance at $2.14 (0.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Goodman Property Trust stock A Buy?
Goodman Property Trust holds several negative signals and is within a narrow and 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: -2.340 Sell Candidate Unchanged
Predicted Opening Price for Goodman Property Trust of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $2.11 ( 0.550%) | $2.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GMT.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.14 | 1.10% |
| R2 | 2.13 | 0.470% |
| R1 | 2.12 | 0.0803% |
| Price | 2.12 | |
| S1 | 2.09 | -1.18% |
| S2 | 2.09 | -1.57% |
| S3 | 2.07 | -2.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.21 | 4.25% |
| R2 | 2.19 | 3.30% |
| R1 | 2.14 | 0.94% |
| Price | 2.12 | |
| S1 | 2.11 | -0.472% |
| S2 | 2.11 | -0.708% |
| S3 | 0 | - |
GMT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 19, 2024 | $0.0155 | 0.731% |
| 2 | Mar 04, 2024 | Mar 04, 2024 | Mar 20, 2024 | $0.0155 | 0.692% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Dec 14, 2023 | $0.0155 | 0.721% |
| 4 | Sep 18, 2023 | Sep 18, 2023 | Sep 18, 2023 | $0.0155 | 0.738% |
| 5 | May 24, 2023 | May 24, 2023 | May 24, 2023 | $0.0148 | 0.674% |
FAQ
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