Granite Real Estate Investment Trust Stock Forecast
Granite Real Estate Investment Trust stock price ended at $70.55 on Tuesday, after losing 0.606%.
(Updated on May 14, 2024)
The Granite Real Estate Investment Trust stock price fell by -0.606% on the last day (Tuesday, 14th May 2024) from $70.98 to $70.55. During the last trading day the stock fluctuated 1.01% from a day low at $70.19 to a day high of $70.90. The price has risen in 7 of the last 10 days and is up by 3.67% over the past 2 weeks. Volume has increased on the last day by 7 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 65 thousand shares were bought and sold for approximately $4.59 million.
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 -7.16% during the next 3 months and, with a 90% probability hold a price between $62.29 and $69.83 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GRT-UN.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 3.67%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Granite Real Estate Investment Trust 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 $70.60 and $72.09. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Granite Real Estate Investment Trust stock
Granite Real Estate Investment Trust finds support from accumulated volume at $69.89 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.710 between high and low, or 1.01%. For the last week the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: $67.67 (-4.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (GRT-UN.TO) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Granite Real Estate Investment Trust to open at $70.55, and during the day (based on 14 day Average True Range), to move between $69.17 and $71.93, which gives a possible trading interval of +/-$1.38 (+/-1.96%) up or down from last closing price. If Granite Real Estate Investment Trust takes out the full calculated possible swing range there will be an estimated 3.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $69.89 (0.94%) than the resistance at $73.08 (3.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Granite Real Estate Investment Trust stock A Buy?
Granite Real Estate Investment Trust 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.
Current score: -0.305 Hold/Accumulate Unchanged
Predicted Opening Price for Granite Real Estate Investment Trust of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| $70.55 ( 0.0047%) | $70.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRT-UN.TO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.26 | 1.00 % | |
| R2 | 70.99 | 0.617 % | ||
| R1 | 70.82 | 0.380 % | ||
| Current price: | 70.55 | |||
| Support | S1 | 70.28 | -0.389 % | |
| S2 | 70.11 | -0.627 % | ||
| S3 | 69.84 | -1.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.35 | 6.80 % | |
| R2 | 75.33 | 6.78 % | ||
| R1 | 73.08 | 3.59 % | ||
| Current price | 70.55 | |||
| Support | S1 | 69.89 | -0.94% | |
| S2 | 69.61 | -1.33% | ||
| S3 | 68.76 | -2.54% |
GRT-UN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 15, 2024 | $0.275 | 0.390% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Mar 27, 2024 | $0 | 0% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | $0 | 0% |
| 4 | Jan 30, 2024 | Jan 30, 2024 | Jan 30, 2024 | $0 | 0% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0 | 0% |
FAQ
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