Greatbatch Inc Stock Forecast
Greatbatch Inc stock price down 0.582% on Thursday
(Updated on Apr 18, 2024)
The Greatbatch Inc stock price fell by -0.582% on the last day (Thursday, 18th Apr 2024) from $118.52 to $117.83. During the last trading day the stock fluctuated 1.80% from a day low at $117.51 to a day high of $119.63. The price has been going up and down for this period, and there has been a 2.44% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -149 thousand shares and in total, 427 thousand shares were bought and sold for approximately $50.29 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.17% during the next 3 months and, with a 90% probability hold a price between $132.34 and $142.92 at the end of this 3-month period.
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ITGR Signals & Forecast
The Greatbatch Inc 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 $117.50 and $115.03. 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). 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 16, 2024, and so far it has fallen -1.24%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Greatbatch Inc stock
Greatbatch Inc finds support from accumulated volume at $115.02 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 $2.12 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: $112.66 (-4.39%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (ITGR) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Greatbatch Inc to open at $118.32, and during the day (based on 14 day Average True Range), to move between $115.09 and $120.57, which gives a possible trading interval of +/-$2.74 (+/-2.33%) up or down from last closing price. If Greatbatch Inc takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $118.52 (0.59%) than the support at $115.02 (2.38%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Greatbatch Inc will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.12. We will update the financials statements for Greatbatch Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.59% in the first trading day after earnings release.
Is Greatbatch Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Greatbatch Inc stock to perform well in the short-term.
Current score: 3.075 Buy Candidate Unchanged
Predicted Opening Price for Greatbatch Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $118.32 ( 0.419%) | $117.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ITGR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 120.44 | 2.22 % | |
| R2 | 119.63 | 1.53 % | ||
| R1 | 119.13 | 1.11 % | ||
| Current price: | 117.83 | |||
| Support | S1 | 117.51 | -0.269 % | |
| S2 | 117.01 | -0.693 % | ||
| S3 | 116.20 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 119.31 | 1.26 % | |
| R2 | 118.65 | 0.696 % | ||
| R1 | 118.52 | 0.586 % | ||
| Current price | 117.83 | |||
| Support | S1 | 115.02 | -2.38% | |
| S2 | 99.83 | -15.28% | ||
| S3 | 99.39 | -15.65% |
FAQ
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