Graphic Packaging Holding Company Stock Forecast
Graphic Packaging Holding Company stock upgraded to Hold/Accumulate.
(Updated on May 01, 2024)
The Graphic Packaging Holding Company stock price gained 0.735% on the last trading day (Wednesday, 1st May 2024), rising from $25.85 to $26.04. During the last trading day the stock fluctuated 2.41% from a day low at $25.80 to a day high of $26.42. The price has risen in 7 of the last 10 days but is still down by -3.88% for this period. Volume fell on the last day by -5 million shares and in total, 4 million shares were bought and sold for approximately $101.89 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $25.90 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.75% during the next 3 months and, with a 90% probability hold a price between $28.95 and $33.79 at the end of this 3-month period.
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GPK Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 0.735%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Graphic Packaging Holding Company 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 $27.01 and $27.89. 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 Graphic Packaging Holding Company stock
Graphic Packaging Holding Company finds support from accumulated volume at $25.85 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 $0.622 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 2.64%.
Our recommended stop-loss: $24.56 (-5.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (GPK) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Graphic Packaging Holding Company to open at $26.09, and during the day (based on 14 day Average True Range), to move between $25.38 and $26.70, which gives a possible trading interval of +/-$0.662 (+/-2.54%) up or down from last closing price. If Graphic Packaging Holding Company takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $26.22 (0.69%) than the support at $25.85 (0.73%), 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 Graphic Packaging Holding Company stock A Buy?
Graphic Packaging Holding Company holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.105 Hold/Accumulate Upgraded
Predicted Opening Price for Graphic Packaging Holding Company of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $26.09 ( 0.182%) | $26.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.71 | 2.57 % | |
| R2 | 26.47 | 1.66 % | ||
| R1 | 26.33 | 1.10 % | ||
| Current price: | 26.04 | |||
| Support | S1 | 25.85 | -0.731 % | |
| S2 | 25.70 | -1.29 % | ||
| S3 | 25.47 | -2.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.83 | 6.87 % | |
| R2 | 27.21 | 4.49 % | ||
| R1 | 26.22 | 0.691 % | ||
| Current price | 26.04 | |||
| Support | S1 | 25.85 | -0.730% | |
| S2 | 24.74 | -4.99% | ||
| S3 | 24.35 | -6.49% |
GPK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Mar 14, 2024 | Apr 05, 2024 | $0.100 | 0.349% |
| 2 | Nov 16, 2023 | Dec 14, 2023 | Jan 05, 2024 | $0.100 | 0.389% |
| 3 | Jul 28, 2023 | Sep 14, 2023 | Oct 05, 2023 | $0.100 | 0.465% |
| 4 | May 24, 2023 | Jun 14, 2023 | Oct 05, 2023 | $0.100 | 0.465% |
| 5 | Feb 20, 2023 | Mar 14, 2023 | Apr 05, 2023 | $0.100 | 0.397% |
FAQ
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