GrafTech International Ltd. Stock Forecast
Strong day for GrafTech International Ltd. stock price on Thursday rising 6.15% to $1.38
(Updated on Mar 28, 2024)
The GrafTech International Ltd. stock price gained 6.15% on the last trading day (Thursday, 28th Mar 2024), rising from $1.30 to $1.38. During the last trading day the stock fluctuated 8.17% from a day low at $1.29 to a day high of $1.39. The price has fallen in 6 of the last 10 days and is down by -16.87% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 112 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $3.96 million.
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 -12.14% during the next 3 months and, with a 90% probability hold a price between $0.95 and $1.66 at the end of this 3-month period.
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EAF Signals & Forecast
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. The GrafTech International Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.39 and $1.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -28.87%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for GrafTech International Ltd. stock
GrafTech International Ltd. finds support from accumulated volume at $1.34 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.105 between high and low, or 8.17%. For the last week, the stock has had daily average volatility of 9.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EAF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect GrafTech International Ltd. to open at $1.35, and during the day (based on 14 day Average True Range), to move between $1.24 and $1.52, which gives a possible trading interval of +/-$0.135 (+/-9.81%) up or down from last closing price. If GrafTech International Ltd. takes out the full calculated possible swing range there will be an estimated 19.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.34 (2.90%) than the resistance at $1.68 (21.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GrafTech International Ltd. stock A Buy?
GrafTech International Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.504 Strong Sell Candidate Unchanged
Predicted Opening Price for GrafTech International Ltd. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$1.35 ( 2.05%) | $1.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EAF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.46 | 5.56 % | |
R2 | 1.42 | 2.65 % | ||
R1 | 1.39 | 0.85 % | ||
Current price: | 1.38 | |||
Support | S1 | 1.31 | -4.96 % | |
S2 | 1.29 | -6.76 % | ||
S3 | 1.25 | -9.66 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.72 | 24.64 % | |
R2 | 1.70 | 23.19 % | ||
R1 | 1.68 | 21.74 % | ||
Current price | 1.38 | |||
Support | S1 | 1.34 | -2.90% | |
S2 | 1.32 | -4.35% | ||
S3 | 1.24 | -10.14% |
EAF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 10, 2023 | May 30, 2023 | Jun 30, 2023 | $0.0100 | 0.198% |
2 | Feb 09, 2023 | Feb 27, 2023 | Mar 31, 2023 | $0.0100 | 0.206% |
3 | Nov 10, 2022 | Nov 29, 2022 | Dec 30, 2022 | $0.0100 | 0.210% |
4 | Aug 18, 2022 | Aug 30, 2022 | Sep 30, 2022 | $0.0100 | 0.232% |
5 | May 12, 2022 | May 27, 2022 | Jun 30, 2022 | $0.0100 | 0.141% |
FAQ
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