Global Payments Inc Stock Forecast
Weaker technical forecast for Global Payments Inc as stock downgraded to Sell Candidate.
(Updated on May 03, 2024)
The Global Payments Inc stock price gained 0.751% on the last trading day (Friday, 3rd May 2024), rising from $110.54 to $111.37. During the last trading day the stock fluctuated 2.49% from a day low at $109.84 to a day high of $112.58. The price has risen in 6 of the last 10 days but is still down by -8.79% for this period. Volume fell on the last day by -874 thousand shares and in total, 3 million shares were bought and sold for approximately $346.47 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 of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $108.51 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.84% during the next 3 months and, with a 90% probability hold a price between $95.67 and $111.79 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GPN Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 2.12%. 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 Global Payments Inc 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 $118.23 and $126.03. 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 Global Payments Inc stock
Global Payments Inc finds support from accumulated volume at $110.54 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 $2.74 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 4.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GPN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Global Payments Inc to open at $111.26, and during the day (based on 14 day Average True Range), to move between $107.93 and $114.81, which gives a possible trading interval of +/-$3.44 (+/-3.08%) up or down from last closing price. If Global Payments Inc takes out the full calculated possible swing range there will be an estimated 6.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $110.54 (0.75%) than the resistance at $132.46 (18.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Global Payments Inc stock A Buy?
Global Payments Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.064 Sell Candidate Downgraded
Predicted Opening Price for Global Payments Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $111.26 ( 0.0973%) | $111.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 114.00 | 2.36 % | |
| R2 | 112.95 | 1.42 % | ||
| R1 | 112.31 | 0.84 % | ||
| Current price: | 111.37 | |||
| Support | S1 | 110.22 | -1.04 % | |
| S2 | 109.57 | -1.61 % | ||
| S3 | 108.53 | -2.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 134.19 | 20.49 % | |
| R2 | 134.00 | 20.32 % | ||
| R1 | 132.46 | 18.94 % | ||
| Current price | 111.37 | |||
| Support | S1 | 110.54 | -0.745% | |
| S2 | 109.06 | -2.07% | ||
| S3 | 0 | . |
GPN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2024 | Jun 14, 2024 | Jun 28, 2024 | $0.250 | 0.224% |
| 2 | Mar 14, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.250 | 0.187% |
| 3 | Oct 31, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.250 | 0.197% |
| 4 | Aug 01, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.250 | 0.217% |
| 5 | May 01, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.250 | 0.254% |
FAQ
Click here for our free guide on how to buy Global Payments Inc Stock.
