Getty Realty Corporation Stock Forecast
Weaker technical forecast for Getty Realty Corporation as stock downgraded to Sell Candidate.
(Updated on Apr 30, 2024)
The Getty Realty Corporation stock price gained 0.0369% on the last trading day (Tuesday, 30th Apr 2024), rising from $27.09 to $27.10. During the last trading day the stock fluctuated 1.52% from a day low at $26.90 to a day high of $27.31. The price has risen in 7 of the last 10 days and is up by 3.79% over the past 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 141 thousand shares were bought and sold for approximately $3.81 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Getty Realty Corporation stock with a 90% probability to be traded between $25.58 and $27.15 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GTY Signals & Forecast
The Getty Realty Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $27.17. On a fall, the stock will find some support from the long-term average at approximately $26.90. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -1.20%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Thursday, April 04, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, April 04, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A sell signal from a double top formation was found on Tuesday, April 23, 2024 and based on theory for this formation the price should fall by -8.15% to $24.89 within 10 trading days since signal was issued (Wednesday, May 01, 2024).
Support, Risk & Stop-loss for Getty Realty Corporation stock
Getty Realty Corporation finds support from accumulated volume at $27.07 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 $0.410 between high and low, or 1.52%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GTY) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Getty Realty Corporation to open at $27.10, and during the day (based on 14 day Average True Range), to move between $26.64 and $27.56, which gives a possible trading interval of +/-$0.465 (+/-1.71%) up or down from last closing price. If Getty Realty Corporation takes out the full calculated possible swing range there will be an estimated 3.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.07 (0.11%) than the resistance at $27.15 (0.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Getty Realty Corporation stock A Buy?
Getty Realty Corporation 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.486 Sell Candidate Downgraded
Predicted Opening Price for Getty Realty Corporation of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $27.10 ( 0.0123%) | $27.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GTY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.51 | 1.53 % | |
| R2 | 27.36 | 0.95 % | ||
| R1 | 27.26 | 0.590 % | ||
| Current price: | 27.10 | |||
| Support | S1 | 26.95 | -0.566 % | |
| S2 | 26.85 | -0.92 % | ||
| S3 | 26.69 | -1.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.35 | 0.92 % | |
| R2 | 27.33 | 0.85 % | ||
| R1 | 27.15 | 0.185 % | ||
| Current price | 27.10 | |||
| Support | S1 | 27.07 | -0.111% | |
| S2 | 27.04 | -0.221% | ||
| S3 | 26.83 | -1.00% |
GTY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Jun 27, 2024 | Jul 11, 2024 | $0.450 | 1.66% |
| 2 | Feb 13, 2024 | Mar 27, 2024 | Apr 11, 2024 | $0.450 | 1.69% |
| 3 | Oct 24, 2023 | Dec 27, 2023 | Jan 11, 2024 | $0.450 | 1.56% |
| 4 | Jul 25, 2023 | Sep 27, 2023 | Oct 12, 2023 | $0.430 | 1.58% |
| 5 | Apr 25, 2023 | Jun 21, 2023 | Jul 06, 2023 | $0.430 | 1.30% |
FAQ
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