Quad Graphics Inc Stock Forecast
Quad Graphics Inc stock price ended at $5.69 on Tuesday, after gaining 2.52%.
(Updated on Jul 02, 2024)
The Quad Graphics Inc stock price gained 2.52% on the last trading day (Tuesday, 2nd Jul 2024), rising from $5.55 to $5.69. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.27% from a day low at $5.51 to a day high of $5.69. The price has risen in 9 of the last 10 days and is up by 17.32% over the past 2 weeks. Volume fell on the last day by -87 thousand shares and in total, 122 thousand shares were bought and sold for approximately $694.40 thousand. 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 lies in the upper part of a wide and weak rising 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 $5.88 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.42% during the next 3 months and, with a 90% probability hold a price between $5.30 and $6.43 at the end of this 3-month period.
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QUAD Signals & Forecast
The Quad Graphics 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 $5.43 and $5.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 26.73%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Quad Graphics Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $4.81 and $4.66. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Quad Graphics Inc finds support just below today's level at $4.81. If this is broken, then the next support from accumulated volume will be at $4.66 and $4.63.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.180 between high and low, or 3.27%. For the last week the stock has had daily average volatility of 5.33%.
Our recommended stop-loss: $5.50 (-3.32%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 69 days ago.)
Trading Expectations (QUAD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Quad Graphics Inc to open at $5.63, and during the day (based on 14 day Average True Range), to move between $5.46 and $5.92, which gives a possible trading interval of +/-$0.234 (+/-4.12%) up or down from last closing price. If Quad Graphics Inc takes out the full calculated possible swing range there will be an estimated 8.23% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $4.81, some $0.88 (15.47%) from the current price of $5.69, our system finds the risk reward attractive.
Is Quad Graphics Inc stock A Buy?
Quad Graphics Inc holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.035 Strong Buy Candidate Unchanged
Predicted Opening Price for Quad Graphics Inc of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
$5.63 ( 1.05%) | $5.69 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QUAD
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.81 | 2.11% |
R2 | 5.74 | 0.90% |
R1 | 5.70 | 0.154% |
Price | 5.69 | |
S1 | 5.56 | -2.26% |
S2 | 5.52 | -3.01% |
S3 | 5.45 | -4.22% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 5.69 | |
S1 | 4.81 | -15.47% |
S2 | 4.66 | -18.10% |
S3 | 4.63 | -18.63% |
QUAD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 23, 2024 | May 21, 2024 | Jun 07, 2024 | $0.0500 | 0.97% |
2 | Feb 16, 2024 | Feb 27, 2024 | Mar 12, 2024 | $0.0500 | 0.99% |
3 | Feb 16, 2024 | Feb 26, 2024 | Mar 12, 2024 | $0.0500 | 0.99% |
4 | Feb 18, 2020 | Feb 27, 2020 | Mar 09, 2020 | $0.150 | 4.41% |
5 | Oct 29, 2019 | Nov 15, 2019 | Dec 06, 2019 | $0.150 | 3.33% |
FAQ
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