GATX Corporation 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
Red day on Monday for GATX Corporation stock after losing 0.0154%
(Updated on Apr 22, 2024)
The GATX Corporation stock price fell by -0.0154% on the last day (Monday, 22nd Apr 2024) from $129.98 to $129.96. During the last trading day the stock fluctuated 1.29% from a day low at $129.39 to a day high of $131.05. The price has fallen in 6 of the last 10 days and is down by -2.27% for this period. Volume has increased on the last day by 64 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 130 thousand shares were bought and sold for approximately $16.89 million.
The stock lies in the middle of a weak 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 5.70% during the next 3 months and, with a 90% probability hold a price between $134.52 and $143.68 at the end of this 3-month period.
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GATX Signals & Forecast
There are mixed signals in the stock today. The GATX Corporation stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $130.99. On a fall, the stock will find some support from the short-term average at $128.99. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 2.40%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for GATX Corporation stock
GATX Corporation finds support from accumulated volume at $125.64 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 $1.67 between high and low, or 1.29%. For the last week the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GATX) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect GATX Corporation to open at $130.13, and during the day (based on 14 day Average True Range), to move between $127.56 and $132.36, which gives a possible trading interval of +/-$2.40 (+/-1.84%) up or down from last closing price. If GATX Corporation takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $130.72 (0.58%) than the support at $125.64 (3.32%), 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
GATX Corporation will release earnings BMO on Tuesday, April 23, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.72. We will update the financials statements for GATX Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.26% in the first trading day after earnings release.
Is GATX Corporation stock A Buy?
GATX 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.
Current score: -1.749 Sell Candidate Unchanged
Predicted Opening Price for GATX Corporation of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $130.13 ( 0.132%) | $129.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GATX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 131.80 | 1.41 % | |
| R2 | 131.16 | 0.92 % | ||
| R1 | 130.77 | 0.621 % | ||
| Current price: | 129.96 | |||
| Support | S1 | 129.50 | -0.357 % | |
| S2 | 129.10 | -0.660 % | ||
| S3 | 128.47 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 131.40 | 1.11 % | |
| R2 | 131.22 | 0.97 % | ||
| R1 | 130.72 | 0.585 % | ||
| Current price | 129.96 | |||
| Support | S1 | 125.64 | -3.32% | |
| S2 | 125.24 | -3.63% | ||
| S3 | 125.12 | -3.72% |
GATX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 31, 2024 | $0.580 | 0.433% |
| 2 | Oct 27, 2023 | Dec 14, 2023 | Dec 31, 2023 | $0.550 | 0.457% |
| 3 | Jul 28, 2023 | Sep 14, 2023 | Sep 30, 2023 | $0.550 | 0.505% |
| 4 | Apr 28, 2023 | Jun 14, 2023 | Sep 30, 2023 | $0.550 | 0.505% |
| 5 | Jan 27, 2023 | Mar 02, 2023 | Jun 30, 2023 | $0.550 | 0.427% |
FAQ
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