Grifols Stock Forecast
Grifols stock upgraded to Sell Candidate.
(Updated on Jul 02, 2024)
The Grifols stock price gained 3.82% on the last trading day (Tuesday, 2nd Jul 2024), rising from $6.28 to $6.52. During the last trading day the stock fluctuated 5.05% from a day low at $6.24 to a day high of $6.55. The price has fallen in 6 of the last 10 days and is down by -8.17% for this period. Volume fell on the last day by -2 million shares and in total, 839 thousand shares were bought and sold for approximately $5.47 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 lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $6.28 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.02% during the next 3 months and, with a 90% probability hold a price between $6.54 and $8.16 at the end of this 3-month period.
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GRFS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 3.82%. Further rise is indicated until a new top pivot has been found. 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. The Grifols 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 $6.65 and $7.14. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Grifols stock
Grifols finds support from accumulated volume at $6.48 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 $0.315 between high and low, or 5.05%. For the last week, the stock has had daily average volatility of 5.10%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GRFS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Grifols to open at $6.44, and during the day (based on 14 day Average True Range), to move between $6.22 and $6.82, which gives a possible trading interval of +/-$0.296 (+/-4.54%) up or down from last closing price. If Grifols takes out the full calculated possible swing range there will be an estimated 9.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.48 (0.61%) than the resistance at $6.97 (6.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Grifols stock A Buy?
The Grifols stock holds several negative signals and despite the positive trend, we believe Grifols will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.862 Sell Candidate Upgraded
Predicted Opening Price for Grifols of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $6.44 ( 1.30%) | $6.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRFS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.75 | 3.53% |
| R2 | 6.63 | 1.68% |
| R1 | 6.56 | 0.542% |
| Price | 6.52 | |
| S1 | 6.31 | -3.15% |
| S2 | 6.24 | -4.29% |
| S3 | 6.12 | -6.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.47 | 14.57% |
| R2 | 7.29 | 11.81% |
| R1 | 6.97 | 6.90% |
| Price | 6.52 | |
| S1 | 6.48 | -0.613% |
| S2 | 6.30 | -3.37% |
| S3 | 6.28 | -3.68% |
GRFS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2021 | Jun 03, 2021 | Jun 14, 2021 | $0.456 | 2.48% |
| 2 | Oct 22, 2020 | Oct 30, 2020 | Nov 09, 2020 | $0.201 | 1.03% |
| 3 | Oct 31, 2019 | Dec 02, 2019 | Dec 11, 2019 | $0.220 | 0.97% |
| 4 | May 29, 2019 | Jun 07, 2019 | Jun 18, 2019 | $0.174 | 0.88% |
| 5 | Nov 08, 2018 | Nov 30, 2018 | Dec 11, 2018 | $0.228 | 1.21% |
FAQ
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