Grab Holdings Limited Stock Forecast
Grab Holdings Limited stock price ended at $3.53 on Friday, after gaining 0.86%.
(Updated on May 03, 2024)
The Grab Holdings Limited stock price gained 0.86% on the last trading day (Friday, 3rd May 2024), rising from $3.50 to $3.53. During the last trading day the stock fluctuated 1.43% from a day low at $3.49 to a day high of $3.54. The price has risen in 4 of the last 10 days and is up by 4.75% over the past 2 weeks. Volume fell on the last day by -10 million shares and in total, 14 million shares were bought and sold for approximately $50.68 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 4.83% during the next 3 months and, with a 90% probability hold a price between $3.35 and $3.85 at the end of this 3-month period.
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GRAB Signals & Forecast
Mostly positive signals in the chart today. The Grab Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.50 and $3.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, February 29, 2024, and so far it has risen 14.98%. 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 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.
Support, Risk & Stop-loss for Grab Holdings Limited stock
Grab Holdings Limited finds support from accumulated volume at $3.50 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 $0.0500 between high and low, or 1.43%. For the last week, the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: $3.42 (-3.12%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 45 days ago.)
Trading Expectations (GRAB) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Grab Holdings Limited to open at $3.52, and during the day (based on 14 day Average True Range), to move between $3.44 and $3.62, which gives a possible trading interval of +/-$0.0901 (+/-2.55%) up or down from last closing price. If Grab Holdings Limited takes out the full calculated possible swing range there will be an estimated 5.11% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $3.50, some $0.0300 (0.85%) from the current price of $3.53, our system finds the risk reward attractive.
Is Grab Holdings Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Grab Holdings Limited stock to perform well in the short-term.
Current score: 2.879 Buy Candidate Unchanged
Predicted Opening Price for Grab Holdings Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $3.52 ( 0.283%) | $3.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRAB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.57 | 1.13 % | |
| R2 | 3.55 | 0.592 % | ||
| R1 | 3.54 | 0.258 % | ||
| Current price: | 3.53 | |||
| Support | S1 | 3.50 | -0.82 % | |
| S2 | 3.49 | -1.16 % | ||
| S3 | 3.47 | -1.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 3.53 | |||
| Support | S1 | 3.50 | -0.85% | |
| S2 | 3.17 | -10.20% | ||
| S3 | 3.16 | -10.48% |
FAQ
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