Ground Rents Income Fund plc Stock Forecast

Ground Rents Income Fund plc stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 03, 2024)

GRIO.L Signals & Forecast

There are few to no technical positive signals at the moment. The Ground Rents Income Fund plc 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 £29.47 and £30.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -9.91%. 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). Ground Rents Income Fund plc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Ground Rents Income Fund plc 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 and with good trading volume, the risk is considered to be medium. 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 2.38%.

Our recommended stop-loss: £27.90 (-4.11%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (GRIO.L) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Ground Rents Income Fund plc to open at £29.10, and during the day (based on 14 day Average True Range), to move between £28.02 and £30.18, which gives a possible trading interval of +/-£1.08 (+/-3.72%) up or down from last closing price. If Ground Rents Income Fund plc takes out the full calculated possible swing range there will be an estimated 7.45% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ £29.40, some £0.300 (1.03%) from the current price of £29.10, our system finds the risk reward not very attractive.

Is Ground Rents Income Fund plc stock A Buy?

Ground Rents Income Fund plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 Ground Rents Income Fund plc of Tuesday, May 7, 2024

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