RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GCI
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Evaluation of Gannett Co., Inc. stock downgraded after the last trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 6.88% PDF

The Gannett Co., Inc. stock price gained 4.95% on the last trading day (Wednesday, 27th Mar 2024), rising from $2.22 to $2.33. During the last trading day the stock fluctuated 5.41% from a day low at $2.22 to a day high of $2.34. The price has risen in 5 of the last 10 days and is up by 14.22% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 150 thousand more shares were traded than the day before. In total, 631 thousand shares were bought and sold for approximately $1.47 million.

The stock lies the upper part of a very wide and falling 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 $2.37 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.11% during the next 3 months and, with a 90% probability hold a price between $1.62 and $2.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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GCI Signals & Forecast

The Gannett Co., 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 $2.21 and $2.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 18.88%. 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). Gannett Co., Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Gannett Co., Inc. stock

Gannett Co., Inc. finds support from accumulated volume at $2.30 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 $0.120 between high and low, or 5.41%. For the last week, the stock has had daily average volatility of 5.03%.

Our recommended stop-loss: $2.24 (-4.03%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)

Trading Expectations (GCI) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Gannett Co., Inc. to open at $2.30, and during the day (based on 14 day Average True Range), to move between $2.23 and $2.43, which gives a possible trading interval of +/-$0.0999 (+/-4.29%) up or down from last closing price. If Gannett Co., Inc. takes out the full calculated possible swing range there will be an estimated 8.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.30 (1.29%) than the resistance at $2.37 (1.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gannett Co., Inc. stock A Buy?

Gannett Co., Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Gannett Co., Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$2.30 ( 1.43%) $2.33

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

Trading levels for GCI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.42 3.72 %
R2 2.37 1.75 %
R1 2.34 0.537 %
Current price: 2.33
Support S1 2.25 -3.40 %
S2 2.22 -4.61 %
S3 2.18 -6.58 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.44 4.72 %
R2 2.38 2.15 %
R1 2.37 1.72 %
Current price 2.33
Support S1 2.30 -1.29%
S2 2.25 -3.43%
S3 1.99 -14.59%

GCI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Oct 16, 2019 Oct 31, 2019 Nov 12, 2019 $0.380 5.33%
2 Aug 05, 2019 Aug 19, 2019 Aug 28, 2019 $0.380 4.49%
3 May 02, 2019 May 10, 2019 May 22, 2019 $0.380 4.07%
4 Feb 27, 2019 Mar 08, 2019 Mar 20, 2019 $0.380 3.20%
5 Oct 31, 2018 Nov 08, 2018 Nov 20, 2018 $0.380 2.90%

FAQ

What is the symbol for Gannett Co., Inc. Stock and on which exchange is it traded?
The symbol for Gannett Co., Inc. is GCI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Gannett Co., Inc. Stock?
Gannett Co., Inc. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

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

What's the current price of Gannett Co., Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Gannett Co., Inc. (GCI) share was $2.33.

What is the 52-week high and low for Gannett Co., Inc. Stock?
The 52-week high for Gannett Co., Inc. Stock is $3.60 and the 52-week low is $1.62.

What is the market capitalization of Gannett Co., Inc. Stock?
As of the 2024-03-27, the market capitalization of Gannett Co., Inc. is 346.737M.

When is the next earnings date for Gannett Co., Inc.?
The upcoming earnings date for Gannett Co., Inc. is May 02, 2024.
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About Gannett Co., Inc.

Gannett Co.. Gannett Co., Inc. operates as a media and marketing solutions company in the United States. It operates through two segments, Publishing and Digital Marketing Solutions. The company's principal products include 230 daily print media with total paid circulation of approximately 1.9 million and Sunday circulation of 2.2 million; 249 weekly print media with total circulation of approximately 1.4 million; and 292 locally-focused websites. Its princip... GCI Profile

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