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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Green day on Thursday for Gray Television Inc
(Updated on Oct 03, 2024)

Sell candidate since Oct 02, 2024 Gain 1.88%

The Gray Television Inc stock price gained 1.88% on the last trading day (Thursday, 3rd Oct 2024), rising from $6.92 to $7.05. During the last trading day the stock fluctuated 7.99% from a day low at $6.76 to a day high of $7.30. The price has fallen in 6 of the last 10 days and is down by -5.62% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $34.35 thousand.

The stock lies in the middle of a very 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 -24.29% during the next 3 months and, with a 90% probability hold a price between $4.25 and $6.05 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.

GTN-A Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, September 27, 2024, and so far it has risen 4.91%. Further rise is indicated until a new top pivot has been found. Gray Television Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gray Television Inc 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 $7.69. On a fall, the stock will find some support from the short-term average at $6.98. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Gray Television Inc stock

Gray Television Inc finds support from accumulated volume at $6.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.540 between high and low, or 7.99%. For the last week, the stock has had daily average volatility of 12.94%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GTN-A) For The Upcoming Trading Day Of Friday 4th

For the upcoming trading day on Friday, 4th we expect Gray Television Inc to open at $7.04, and during the day (based on 14 day Average True Range), to move between $6.51 and $7.59, which gives a possible trading interval of +/-$0.542 (+/-7.69%) up or down from last closing price. If Gray Television Inc takes out the full calculated possible swing range there will be an estimated 15.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $6.96 (1.28%) than the resistance at $7.36 (4.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gray Television Inc stock A Buy?

Gray Television Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.408 Sell Candidate Unchanged

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Predicted Fair Opening Price

Predicted fair opening price on October 4, 2024 - $7.04 ( 0.189%). The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GTN-A

Fibonacci Support & Resistance Levels

Level Price
R3 7.58 7.47%
R2 7.37 4.54%
R1 7.24 2.74%
Price 7.05
S1 6.83 -3.12%
S2 6.70 -4.92%
S3 6.50 -7.85%

Accumulated Volume Support & Resistance Levels

Level Price
R3 8.50 20.57%
R2 8.00 13.48%
R1 7.36 4.40%
Price 7.05
S1 6.96 -1.28%
S2 6.93 -1.70%
S3 6.72 -4.68%

GTN-A Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Sep 13, 2024 Sep 13, 2024 Sep 30, 2024 $0.0800 1.15%
2 Jun 14, 2024 Jun 14, 2024 Jun 28, 2024 $0.0800 0.88%
3 Feb 26, 2024 Mar 14, 2024 Mar 28, 2024 $0.0800 0.93%
4 Nov 08, 2023 Dec 14, 2023 Dec 29, 2023 $0.0800 0.93%
5 Aug 04, 2023 Sep 14, 2023 Sep 29, 2023 $0.0800 1.07%

FAQ

What is the symbol for Gray Television Inc Stock and on which exchange is it traded?
The symbol for Gray Television Inc is GTN-A and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Gray Television Inc Stock?
Gray Television Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Gray Television Inc Stock?
Gray Television Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Gray Television Inc Stock.

What's the current price of Gray Television Inc Stock?
As of the end of day on the Oct 03, 2024, the price of an Gray Television Inc (GTN-A) share was $7.05.

What is the 52-week high and low for Gray Television Inc Stock?
The 52-week high for Gray Television Inc Stock is $10.90 and the 52-week low is $5.90.

What is the market capitalization of Gray Television Inc Stock?
As of the Oct 03, 2024, the market capitalization of Gray Television Inc is 424.546M.

When is the next earnings date for Gray Television Inc?
The upcoming earnings date for Gray Television Inc is Nov 06, 2024.
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