RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GNC.AX
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GrainCorp Limited stock upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Buy candidate since Mar 06, 2024 Gain 4.70% PDF

The GrainCorp Limited stock price gained 1.10% on the last trading day (Thursday, 28th Mar 2024), rising from $8.15 to $8.24. 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 1.35% from a day low at $8.13 to a day high of $8.24. The price has risen in 6 of the last 10 days and is up by 2.74% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 329 thousand more shares were traded than the day before. In total, 647 thousand shares were bought and sold for approximately $5.33 million.

The stock lies in the middle of a wide and weak 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 9.07% during the next 3 months and, with a 90% probability hold a price between $8.26 and $9.85 at the end of this 3-month period.

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GNC.AX Signals & Forecast

The GrainCorp Limited 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 $8.12 and $7.84. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 14, 2024, and so far it has risen 14.44%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for GrainCorp Limited stock

GrainCorp Limited finds support from accumulated volume at $8.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.110 (1.35%) between high and low. For the last week, the stock has had daily average volatility of 1.64%.

Our recommended stop-loss: $7.94 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (GNC.AX) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect GrainCorp Limited to open at $8.20, and during the day (based on 14 day Average True Range), to move between $8.08 and $8.40, which gives a possible trading interval of +/-$0.156 (+/-1.90%) up or down from last closing price. If GrainCorp Limited takes out the full calculated possible swing range there will be an estimated 3.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.28 (0.49%) than the support at $8.00 (2.91%), 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 GrainCorp Limited stock A Buy?

GrainCorp Limited 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: 5.873 Strong Buy Candidate Upgraded

Predicted Opening Price for GrainCorp Limited of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
$8.20 ( 0.445%) $8.24

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GNC.AX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.31 0.89 %
R2 8.27 0.380 %
R1 8.25 0.0650 %
Current price: 8.24
Support S1 8.16 -0.95 %
S2 8.14 -1.27 %
S3 8.09 -1.78 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.59 4.25 %
R2 8.48 2.91 %
R1 8.28 0.485 %
Current price 8.24
Support S1 8.00 -2.91%
S2 7.36 -10.68%
S3 7.20 -12.62%

GNC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 29, 2023 Nov 29, 2023 Nov 29, 2023 $0 0%
2 Jul 05, 2023 Jul 05, 2023 Jul 05, 2023 $0.240 3.07%
3 Nov 29, 2022 Nov 29, 2022 Nov 29, 2022 $0.300 3.76%
4 Jul 06, 2022 Jul 06, 2022 Jul 06, 2022 $0.240 2.81%
5 Nov 24, 2021 Nov 24, 2021 Nov 24, 2021 $0.100 1.47%

FAQ

What is the symbol for GrainCorp Limited Stock and on which exchange is it traded?
The symbol for GrainCorp Limited is GNC.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell GrainCorp Limited Stock?
GrainCorp Limited 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.

How to buy GrainCorp Limited Stock?
GrainCorp Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy GrainCorp Limited Stock.

What's the current price of GrainCorp Limited Stock?
As of the end of day on the 2024-03-28, the price of an GrainCorp Limited (GNC.AX) share was $8.24.

What is the 52-week high and low for GrainCorp Limited Stock?
The 52-week high for GrainCorp Limited Stock is $8.68 and the 52-week low is $6.71.

What is the market capitalization of GrainCorp Limited Stock?
As of the 2024-03-28, the market capitalization of GrainCorp Limited is 1.848B.

When is the next earnings date for GrainCorp Limited?
The upcoming earnings date for GrainCorp Limited is May 09, 2024.
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About GrainCorp Limited

Grain Limited GrainCorp Limited operates as an agribusiness and processing company in Australasia, Asia, North America, Europe, the Middle East, North Africa, and internationally. It operates through two segments, Agribusiness and Processing. The company handles, markets, and trades in wheat, barley, sorghum, corn, oilseeds, pulses, organics, canola, and specialty commodities; handles, processes, stores, and transports grains and oilseeds; refines, bleaches, d... GNC.AX Profile

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