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RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GR1T.L
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A very red day for Grit Real Estate Income Group Limited stock price after a -7.89% fall in the Tuesday trading session
(Updated on Jun 25, 2024)

Sell candidate since Jun 24, 2024 Loss -7.89% PDF

The Grit Real Estate Income Group Limited stock price fell by -7.89% on the last day (Tuesday, 25th Jun 2024) from £19.00 to £17.50. During the last trading day the stock fluctuated 2.86% from a day low at £17.50 to a day high of £18.00. The price has fallen in 4 of the last 10 days and is down by -10.26% 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 -43 thousand shares and in total, 17 thousand shares were bought and sold for approximately £295.54 thousand.

The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (£18.66) are considered to be a "second chance" to get out. According to the fan-theory £16.48 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

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GR1T.L Signals & Forecast

There are few to no technical positive signals at the moment. The Grit Real Estate Income Group Limited 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 £19.20 and £19.90. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -16.67%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Grit Real Estate Income Group Limited stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved £0.500 between high and low, or 2.86%. For the last week the stock has had daily average volatility of 3.04%.

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

Trading Expectations (GR1T.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Grit Real Estate Income Group Limited to open at £17.67, and during the day (based on 14 day Average True Range), to move between £16.70 and £18.30, which gives a possible trading interval of +/-£0.80 (+/-4.59%) up or down from last closing price. If Grit Real Estate Income Group Limited takes out the full calculated possible swing range there will be an estimated 9.18% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ £19.10, some £1.60 (9.15%) from the current price of £17.50, our system finds the risk reward not very attractive.

Is Grit Real Estate Income Group Limited stock A Buy?

Grit Real Estate Income Group Limited 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 Sell to a Strong Sell candidate.

Current score: -5.431 Strong Sell Candidate Downgraded

Predicted Opening Price for Grit Real Estate Income Group Limited of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
£17.67 ( 0.95%) £17.50

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

Trading levels for GR1T.L

Fibonacci Support & Resistance Levels

Level Price
R3 18.17 3.81%
R2 17.98 2.72%
R1 17.86 2.04%
Price 17.50
S1 17.48 -0.139%
S2 17.36 -0.81%
S3 17.17 -1.90%

Accumulated Volume Support & Resistance Levels

Level Price
R3 20.00 14.29%
R2 19.50 11.43%
R1 19.10 9.15%
Price 17.50
S1 0 -
S2 0 -
S3 0 -

GR1T Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 04, 2024 Apr 04, 2024 May 15, 2024 £1.18 5.92%
2 Feb 24, 2023 Mar 16, 2023 May 02, 2023 £2.00 6.15%
3 Oct 28, 2022 Nov 17, 2022 Dec 16, 2022 £2.00 6.06%
4 Feb 28, 2022 Mar 17, 2022 Apr 29, 2022 £1.90 5.44%
5 Feb 28, 2022 Mar 16, 2022 Apr 29, 2022 £2.50 7.14%

FAQ

What is the symbol for Grit Real Estate Income Group Limited Stock and on which exchange is it traded?
The symbol for Grit Real Estate Income Group Limited is GR1T.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell Grit Real Estate Income Group Limited Stock?
Grit Real Estate Income Group Limited 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 Sell to a Strong Sell candidate.

How to buy Grit Real Estate Income Group Limited Stock?
Grit Real Estate Income Group Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Grit Real Estate Income Group Limited Stock.

What's the current price of Grit Real Estate Income Group Limited Stock?
As of the end of day on the Jun 25, 2024, the price of an Grit Real Estate Income Group Limited (GR1T.L) share was £17.50.

What is the 52-week high and low for Grit Real Estate Income Group Limited Stock?
The 52-week high for Grit Real Estate Income Group Limited Stock is £32.50 and the 52-week low is £12.45.

What is the market capitalization of Grit Real Estate Income Group Limited Stock?
As of the Jun 25, 2024, the market capitalization of Grit Real Estate Income Group Limited is 83.906M.
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About Grit Real Estate Income Group Limited

Grit Real Estateome Group Limited Grit is listed on the London Stock Exchange main market (LSE: GR1T), the Johannesburg Stock Exchange main board (JSE: GTR) and the Stock Exchange of Mauritius Ltd official market (SEM: DEL.N0000). Grit Real Estate Income Group Limited is a leading pan-African real estate company focused on investing in and actively managing a diversified portfolio of assets in carefully selected African countries (excluding South Africa). By investing in real est... GR1T.L Profile

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