RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GBG.L
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Green day on Wednesday for GB Group plc stock after gaining 0.601%
(Updated on Mar 27, 2024)

Hold candidate since Mar 26, 2024 Gain 0.60% PDF

The GB Group plc stock price gained 0.601% on the last trading day (Wednesday, 27th Mar 2024), rising from £266.40 to £268.00. During the last trading day the stock fluctuated 3.12% from a day low at £262.60 to a day high of £270.80. The price has risen in 5 of the last 10 days but is still down by -1.4% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 824 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately £333.31 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect GB Group plc stock with a 90% probability to be traded between £255.02 and £288.33 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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GBG.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 2.29%. 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). 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 GB Group plc 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 £275.49. On a fall, the stock will find some support from the short-term average at £266.11. 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.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Thursday, February 22, 2024 with a target of £273.89. Despite whether the objective of the signal formation has been reached the stock may continue to fall.

Support, Risk & Stop-loss for GB Group plc stock

GB Group plc finds support from accumulated volume at £266.40 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 £8.20 between high and low, or 3.12%. For the last week, the stock has had daily average volatility of 2.97%.

Our recommended stop-loss: £254.08 (-5.19%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (GBG.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect GB Group plc to open at £267.13, and during the day (based on 14 day Average True Range), to move between £259.83 and £276.17, which gives a possible trading interval of +/-£8.17 (+/-3.05%) up or down from last closing price. If GB Group plc takes out the full calculated possible swing range there will be an estimated 6.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £266.40 (0.60%) than the resistance at £270.60 (0.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is GB Group plc stock A Buy?

GB Group plc 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: -0.571 Hold/Accumulate Unchanged

Predicted Opening Price for GB Group plc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£267.13 ( 0.323%) £268.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GBG.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 275.33 2.74 %
R2 272.20 1.57 %
R1 270.27 0.85 %
Current price: 268.00
Support S1 264.00 -1.49 %
S2 262.07 -2.21 %
S3 258.93 -3.38 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 286.00 6.72 %
R2 274.40 2.39 %
R1 270.60 0.97 %
Current price 268.00
Support S1 266.40 -0.597%
S2 266.00 -0.746%
S3 262.00 -2.24%

GBG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 22, 2023 Jun 22, 2023 Jun 22, 2023 £4.00 1.64%
2 Jun 16, 2022 Jun 23, 2022 Aug 03, 2022 £3.81 0.744%
3 Jun 15, 2021 Jun 24, 2021 Aug 03, 2021 £3.40 0.400%
4 Dec 08, 2020 Dec 17, 2020 Jan 21, 2021 £3.00 0.338%
5 Jun 05, 2019 Jul 18, 2019 Aug 23, 2019 £2.99 0.531%

FAQ

What is the symbol for GB Group plc Stock and on which exchange is it traded?
The symbol for GB Group plc is GBG.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell GB Group plc Stock?
GB Group plc 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.

How to buy GB Group plc Stock?
GB Group plc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy GB Group plc Stock.

What's the current price of GB Group plc Stock?
As of the end of day on the 2024-03-27, the price of an GB Group plc (GBG.L) share was £268.00.

What is the 52-week high and low for GB Group plc Stock?
The 52-week high for GB Group plc Stock is £332.20 and the 52-week low is £202.80.

What is the market capitalization of GB Group plc Stock?
As of the 2024-03-27, the market capitalization of GB Group plc is 676.245M.

When is the next earnings date for GB Group plc?
The upcoming earnings date for GB Group plc is Jun 13, 2024.
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About GB Group plc

GB Group plc GB Group plc, together with its subsidiaries, provides identity data intelligence products and services in the United Kingdom, the United States, Australia, and internationally. The company operates through three segments: Location, Identity, and Fraud. Its solutions help organizations recognize and verify identities of their customers in their business processes. The company offers location intelligence services, including address capture and ve... GBG.L Profile

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