GPT Group Stock Forecast

GPT Group stock price ended at $4.17 on Friday, after gaining 1.71%.
(Updated on May 03, 2024)

GPT.AX Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.71%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The GPT Group stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $4.32. On a fall, the stock will find some support from the short-term average at $4.16. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for GPT Group stock

GPT Group finds support from accumulated volume at $4.15 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 $0.0650 (1.57%) between high and low. For the last week, the stock has had daily average volatility of 1.50%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GPT.AX) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect GPT Group to open at $4.17, and during the day (based on 14 day Average True Range), to move between $4.08 and $4.26, which gives a possible trading interval of +/-$0.0947 (+/-2.27%) up or down from last closing price. If GPT Group takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $4.15 (0.48%) than the resistance at $4.29 (2.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is GPT Group stock A Buy?

GPT Group holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.797 Sell Candidate Unchanged

Predicted Opening Price for GPT Group of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.