Growthpoint Properties Australia Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Stronger technical forecast for Growthpoint Properties Australia stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Growthpoint Properties Australia stock price gained 1.27% on the last trading day (Tuesday, 25th Jun 2024), rising from $2.37 to $2.40. During the last trading day the stock fluctuated 1.69% from a day low at $2.37 to a day high of $2.41. The price has fallen in 4 of the last 10 days but is still up by 2.13% 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, 228 thousand more shares were traded than the day before. In total, 413 thousand shares were bought and sold for approximately $990.82 thousand.
The stock lies the upper part of a falling 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 $2.44 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.78% during the next 3 months and, with a 90% probability hold a price between $2.15 and $2.35 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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GOZ.AX Signals & Forecast
The Growthpoint Properties Australia stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $2.34 and $2.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 6.19%. Further rise is indicated until a new top pivot has been found. Growthpoint Properties Australia has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Growthpoint Properties Australia stock
Growthpoint Properties Australia finds support from accumulated volume at $2.39 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 $0.0400 (1.69%) between high and low. For the last week, the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: $2.28 (-5.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (GOZ.AX) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Growthpoint Properties Australia to open at $2.39, and during the day (based on 14 day Average True Range), to move between $2.34 and $2.46, which gives a possible trading interval of +/-$0.0578 (+/-2.41%) up or down from last closing price. If Growthpoint Properties Australia takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.39 (0.42%) than the resistance at $2.43 (1.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Growthpoint Properties Australia stock A Buy?
Growthpoint Properties Australia holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.747 Hold/Accumulate Upgraded
Predicted Opening Price for Growthpoint Properties Australia of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $2.39 ( 0.278%) | $2.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOZ.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.43 | 1.39% |
| R2 | 2.42 | 0.752% |
| R1 | 2.41 | 0.359% |
| Price | 2.40 | |
| S1 | 2.38 | -0.91% |
| S2 | 2.37 | -1.31% |
| S3 | 2.35 | -1.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.53 | 5.42% |
| R2 | 2.46 | 2.50% |
| R1 | 2.43 | 1.25% |
| Price | 2.40 | |
| S1 | 2.39 | -0.417% |
| S2 | 2.38 | -0.83% |
| S3 | 2.37 | -1.25% |
GOZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2024 | Jun 27, 2024 | Aug 30, 2024 | $0.0965 | 4.02% |
| 2 | Dec 28, 2023 | Dec 28, 2023 | Feb 29, 2024 | $0.0965 | 4.35% |
| 3 | Jun 29, 2023 | Jun 29, 2023 | Jun 29, 2023 | $0.107 | 3.85% |
| 4 | Dec 29, 2022 | Dec 29, 2022 | Dec 29, 2022 | $0.107 | 3.55% |
| 5 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | $0.104 | 2.96% |
FAQ
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