Global Ports Holding Plc Stock Forecast
Red day on Tuesday for Global Ports Holding Plc stock after losing 0.403%
(Updated on Jul 02, 2024)
The Global Ports Holding Plc stock price fell by -0.403% on the last day (Tuesday, 2nd Jul 2024) from £248.00 to £247.00. During the last trading day the stock fluctuated 2.56% from a day low at £244.50 to a day high of £250.75. The price has risen in 4 of the last 10 days but is still down by -0.8% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -32 thousand shares and in total, 95 thousand shares were bought and sold for approximately £23.53 million.
The stock lies in the middle of a wide and strong 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 29.83% during the next 3 months and, with a 90% probability hold a price between £306.97 and £366.13 at the end of this 3-month period.
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GPH.L Signals & Forecast
The Global Ports Holding Plc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £250.00. On a fall, the stock will find some support from the long-term average at approximately £236.34. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -6.79%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Global Ports Holding Plc stock
Global Ports Holding Plc finds support from accumulated volume at £246.00 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 £6.25 between high and low, or 2.56%. For the last week, the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: £231.54 (-6.26%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 35 days ago.)
Trading Expectations (GPH.L) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Global Ports Holding Plc to open at £247.42, and during the day (based on 14 day Average True Range), to move between £237.90 and £256.10, which gives a possible trading interval of +/-£9.10 (+/-3.68%) up or down from last closing price. If Global Ports Holding Plc takes out the full calculated possible swing range there will be an estimated 7.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £246.00 (0.40%) than the resistance at £249.00 (0.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Global Ports Holding Plc will release earnings BMO on Wednesday, July 10, 2024. We will update the financials statements for Global Ports Holding Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.58% in the first trading day after earnings release.
Is Global Ports Holding Plc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Global Ports Holding Plc stock to perform well in the short-term.
Current score: 1.883 Buy Candidate Unchanged
Predicted Opening Price for Global Ports Holding Plc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| £247.42 ( 0.169%) | £247.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPH.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 253.67 | 2.70% |
| R2 | 251.28 | 1.73% |
| R1 | 249.80 | 1.14% |
| Price | 247.00 | |
| S1 | 245.03 | -0.798% |
| S2 | 243.55 | -1.40% |
| S3 | 241.17 | -2.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 257.50 | 4.25% |
| R2 | 253.00 | 2.43% |
| R1 | 249.00 | 0.81% |
| Price | 247.00 | |
| S1 | 246.00 | -0.405% |
| S2 | 208.00 | -15.79% |
| S3 | 205.00 | -17.00% |
GPH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 25, 2019 | Oct 31, 2019 | Nov 29, 2019 | £15.50 | 5.87% |
| 2 | Apr 01, 2019 | May 30, 2019 | Jul 05, 2019 | £21.20 | 5.60% |
| 3 | Aug 21, 2018 | Sep 27, 2018 | Oct 26, 2018 | £22.00 | 4.68% |
| 4 | Mar 26, 2018 | Apr 19, 2018 | May 11, 2018 | £20.10 | 3.94% |
| 5 | Aug 21, 2017 | Aug 31, 2017 | Sep 29, 2017 | £21.60 | 3.66% |
FAQ
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