GMéxico Transportes, S.A. de C.V. Stock Forecast
GMéxico Transportes, S.A. de C.V. stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on May 31, 2024)
The GMéxico Transportes, S.A. de C.V. stock price gained 2.10% on the last trading day (Friday, 31st May 2024), rising from $39.48 to $40.31. During the last trading day the stock fluctuated 4.86% from a day low at $39.48 to a day high of $41.40. The price has been going up and down for this period, and there has been a 3.44% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 53 thousand more shares were traded than the day before. In total, 134 thousand shares were bought and sold for approximately $5.42 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $40.69 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.15% during the next 3 months and, with a 90% probability hold a price between $38.89 and $42.79 at the end of this 3-month period.
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GMXT.MX Signals & Forecast
Mostly positive signals in the chart today. The GMéxico Transportes, S.A. de C.V. 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 $39.26 and $37.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 11.82%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for GMéxico Transportes, S.A. de C.V. stock
GMéxico Transportes, S.A. de C.V. finds support from accumulated volume at $39.50 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 $1.92 between high and low, or 4.86%. For the last week, the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: $38.83 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (GMXT.MX) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect GMéxico Transportes, S.A. de C.V. to open at $40.40, and during the day (based on 14 day Average True Range), to move between $39.30 and $41.32, which gives a possible trading interval of +/-$1.01 (+/-2.51%) up or down from last closing price. If GMéxico Transportes, S.A. de C.V. takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $39.50, some $0.81 (2.01%) from the current price of $40.31, our system finds the risk reward attractive.
Is GMéxico Transportes, S.A. de C.V. stock A Buy?
GMéxico Transportes, S.A. de C.V. holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.927 Strong Buy Candidate Upgraded
Predicted Opening Price for GMéxico Transportes, S.A. de C.V. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| $40.40 ( 0.215%) | $40.31 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GMXT.MX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 42.32 | 4.98 % | |
| R2 | 41.58 | 3.16 % | ||
| R1 | 41.13 | 2.03 % | ||
| Current price: | 40.31 | |||
| Support | S1 | 39.66 | -1.60 % | |
| S2 | 39.21 | -2.73 % | ||
| S3 | 38.48 | -4.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 40.31 | |||
| Support | S1 | 39.50 | -2.01% | |
| S2 | 38.00 | -5.73% | ||
| S3 | 36.95 | -8.34% |
GMXT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | May 27, 2024 | $0.500 | 1.30% |
| 2 | Feb 21, 2024 | Feb 21, 2024 | Feb 23, 2024 | $0.500 | 1.31% |
| 3 | Nov 22, 2023 | Nov 22, 2023 | Nov 22, 2023 | $0.500 | 1.37% |
| 4 | Aug 23, 2023 | Aug 23, 2023 | Aug 23, 2023 | $0.500 | 1.25% |
| 5 | May 24, 2023 | May 24, 2023 | May 24, 2023 | $0.500 | 1.26% |
FAQ
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