Grit Real Estate Income Group Limited Stock Forecast
Grit Real Estate Income Group Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 14, 2024)
No changes to the price of Grit Real Estate Income Group Limited stock on the last trading day (Friday, 14th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at £20.00 to a day high of £20.00. The price has been going up and down for this period, and there has been a -4.66% loss for the last 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.29% during the next 3 months and, with a 90% probability hold a price between £17.87 and £20.01 at the end of this 3-month period.
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GR1T.L Signals & Forecast
There are mixed signals in the stock today. The Grit Real Estate Income Group Limited 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 £20.06. On a fall, the stock will find some support from the short-term average at £19.87. 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. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, June 06, 2024 and based on theory for this formation the price should go up by 1.81% to £20.36 within 17 trading days since signal was issued (Monday, June 17, 2024).
Support, Risk & Stop-loss for Grit Real Estate Income Group Limited stock
Grit Real Estate Income Group Limited finds support from accumulated volume at £19.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.88%
Our recommended stop-loss: £19.20 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (GR1T.L) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Grit Real Estate Income Group Limited to open at £20.00, and during the day (based on 14 day Average True Range), to move between £19.40 and £20.60, which gives a possible trading interval of +/-£0.600 (+/-3.00%) 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 6.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £19.98 (0.10%) than the resistance at £20.50 (2.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Grit Real Estate Income Group Limited stock A Buy?
Grit Real Estate Income Group Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Grit Real Estate Income Group Limited of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| £20.00 ( 0%) | £20.00 |
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 | 20.00 | - |
| R2 | 20.00 | - |
| R1 | 20.00 | - |
| Price | 20.00 | |
| S1 | 20.00 | - |
| S2 | 20.00 | - |
| S3 | 20.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 21.50 | 7.50% |
| R2 | 21.00 | 5.00% |
| R1 | 20.50 | 2.50% |
| Price | 20.00 | |
| S1 | 19.98 | -0.100% |
| S2 | 19.50 | -2.50% |
| S3 | 19.02 | -4.89% |
GR1T Dividend Payout History
| # | 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
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