Green Plains Stock Forecast
Green Plains stock price up 0.678% on Tuesday
(Updated on Apr 23, 2024)
The Green Plains stock price gained 0.678% on the last trading day (Tuesday, 23rd Apr 2024), rising from $22.12 to $22.27. During the last trading day the stock fluctuated 3.67% from a day low at $21.94 to a day high of $22.75. The price has been going up and down for this period, and there has been a -3.43% loss for the last 2 weeks. Volume fell on the last day by -18 thousand shares and in total, 734 thousand shares were bought and sold for approximately $16.35 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 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 2.34% during the next 3 months and, with a 90% probability hold a price between $20.94 and $25.76 at the end of this 3-month period.
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GPRE Signals & Forecast
The Green Plains 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 $21.53 and $21.80. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -4.99%. 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).
Support, Risk & Stop-loss for Green Plains stock
Green Plains finds support from accumulated volume at $22.23 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 $0.81 between high and low, or 3.67%. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: $21.28 (-4.44%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (GPRE) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Green Plains to open at $22.32, and during the day (based on 14 day Average True Range), to move between $21.30 and $23.24, which gives a possible trading interval of +/-$0.97 (+/-4.38%) up or down from last closing price. If Green Plains takes out the full calculated possible swing range there will be an estimated 8.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.23 (0.18%) than the resistance at $22.63 (1.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Green Plains stock A Buy?
Green Plains 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.
Current score: -0.753 Hold/Accumulate Unchanged
Predicted Opening Price for Green Plains of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $22.32 ( 0.232%) | $22.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPRE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.13 | 3.85 % | |
| R2 | 22.82 | 2.47 % | ||
| R1 | 22.63 | 1.61 % | ||
| Current price: | 22.27 | |||
| Support | S1 | 22.01 | -1.15 % | |
| S2 | 21.82 | -2.00 % | ||
| S3 | 21.52 | -3.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.71 | 10.96 % | |
| R2 | 23.63 | 6.11 % | ||
| R1 | 22.63 | 1.62 % | ||
| Current price | 22.27 | |||
| Support | S1 | 22.23 | -0.180% | |
| S2 | 21.61 | -2.96% | ||
| S3 | 20.93 | -6.02% |
GPRE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2019 | May 23, 2019 | Jun 14, 2019 | $0.120 | 1.00% |
| 2 | Feb 07, 2019 | Feb 21, 2019 | Mar 15, 2019 | $0.120 | 0.730% |
| 3 | Nov 14, 2018 | Nov 26, 2018 | Dec 14, 2018 | $0.120 | 0.83% |
| 4 | Aug 15, 2018 | Aug 24, 2018 | Sep 14, 2018 | $0.120 | 0.680% |
| 5 | May 09, 2018 | May 24, 2018 | Jun 15, 2018 | $0.120 | 0.593% |
FAQ
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