GUD Holdings Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for GUD Holdings Limited stock after gaining 0.567%
(Updated on May 31, 2024)
The GUD Holdings Limited stock price gained 0.567% on the last trading day (Friday, 31st May 2024), rising from $10.59 to $10.65. During the last trading day the stock fluctuated 2.08% from a day low at $10.60 to a day high of $10.82. The price has fallen in 6 of the last 10 days and is down by -3.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 179 thousand more shares were traded than the day before. In total, 352 thousand shares were bought and sold for approximately $3.74 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $10.94 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.97% during the next 3 months and, with a 90% probability hold a price between $8.49 and $9.85 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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GUD.AX Signals & Forecast
The GUD Holdings Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $10.60 and $10.52. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, May 16, 2024, and so far it has fallen -4.57%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for GUD Holdings Limited stock
GUD Holdings Limited finds support from accumulated volume at $10.61 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 $0.220 between high and low, or 2.08%. For the last week, the stock has had daily average volatility of 1.85%.
Our recommended stop-loss: $10.22 (-4.03%) (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 (GUD.AX) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect GUD Holdings Limited to open at $10.69, and during the day (based on 14 day Average True Range), to move between $10.39 and $10.91, which gives a possible trading interval of +/-$0.256 (+/-2.40%) up or down from last closing price. If GUD Holdings Limited takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.61 (0.38%) than the resistance at $10.96 (2.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GUD Holdings Limited stock A Buy?
GUD Holdings Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.801 Hold/Accumulate Unchanged
Predicted Opening Price for GUD Holdings Limited of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
$10.69 ( 0.376%) | $10.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GUD.AX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.91 | 2.44 % | |
R2 | 10.83 | 1.65 % | ||
R1 | 10.77 | 1.16 % | ||
Current price: | 10.65 | |||
Support | S1 | 10.61 | -0.414 % | |
S2 | 10.55 | -0.90 % | ||
S3 | 10.47 | -1.69 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.16 | 4.79 % | |
R2 | 11.12 | 4.41 % | ||
R1 | 10.96 | 2.91 % | ||
Current price | 10.65 | |||
Support | S1 | 10.61 | -0.376% | |
S2 | 10.31 | -3.19% | ||
S3 | 9.81 | -7.89% |
GUD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 23, 2024 | Feb 23, 2024 | Mar 08, 2024 | $0.185 | 1.66% |
2 | Feb 24, 2023 | Feb 24, 2023 | Feb 24, 2023 | $0.170 | 1.68% |
3 | Aug 26, 2022 | Aug 26, 2022 | Aug 26, 2022 | $0.220 | 2.66% |
4 | Feb 18, 2022 | Feb 18, 2022 | Feb 18, 2022 | $0.170 | 1.42% |
5 | Aug 19, 2021 | Aug 19, 2021 | Aug 19, 2021 | $0.310 | 2.94% |
FAQ
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