GCP Applied Technologies Inc Stock Forecast
GCP Applied Technologies Inc stock price ended at £70.70 on Thursday, after losing 0.563%.
(Updated on Apr 18, 2024)
The GCP Applied Technologies Inc stock price fell by -0.563% on the last day (Thursday, 18th Apr 2024) from £71.10 to £70.70. During the last trading day the stock fluctuated 1.70% from a day low at £70.70 to a day high of £71.90. The price has fallen in 6 of the last 10 days and is down by -2.21% for this period. Volume has increased on the last day by 219 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, 1 million shares were bought and sold for approximately £88.34 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect GCP Applied Technologies Inc stock with a 90% probability to be traded between £68.20 and £74.45 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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GCP.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 0.284%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The GCP Applied Technologies Inc 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 £70.99 and £72.15. A break-up above any of these levels will issue buy signals. 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 sell signal from a double top formation was found on Friday, March 08, 2024 and based on theory for this formation the price should fall by -6.18% to £66.33 within 27 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for GCP Applied Technologies Inc stock
GCP Applied Technologies Inc finds support from accumulated volume at £70.60 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 £1.20 between high and low, or 1.70%. For the last week the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GCP.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect GCP Applied Technologies Inc to open at £71.10, and during the day (based on 14 day Average True Range), to move between £69.13 and £72.27, which gives a possible trading interval of +/-£1.57 (+/-2.22%) up or down from last closing price. If GCP Applied Technologies Inc takes out the full calculated possible swing range there will be an estimated 4.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £70.60 (0.14%) than the resistance at £72.00 (1.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GCP Applied Technologies Inc stock A Buy?
GCP Applied Technologies Inc holds several negative signals and is within a 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: -2.346 Sell Candidate Unchanged
Predicted Opening Price for GCP Applied Technologies Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £71.10 ( 0.566%) | £70.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GCP.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.30 | 2.26 % | |
| R2 | 71.84 | 1.61 % | ||
| R1 | 71.56 | 1.21 % | ||
| Current price: | 70.70 | |||
| Support | S1 | 70.64 | -0.0826 % | |
| S2 | 70.36 | -0.483 % | ||
| S3 | 69.90 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.60 | 2.69 % | |
| R2 | 72.30 | 2.26 % | ||
| R1 | 72.00 | 1.84 % | ||
| Current price | 70.70 | |||
| Support | S1 | 70.60 | -0.141% | |
| S2 | 70.50 | -0.283% | ||
| S3 | 69.50 | -1.70% |
GCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Feb 08, 2024 | Mar 08, 2024 | £1.75 | 2.34% |
| 2 | Nov 09, 2023 | Nov 09, 2023 | Nov 09, 2023 | £0.0175 | 0.0274% |
| 3 | Aug 10, 2023 | Aug 10, 2023 | Aug 10, 2023 | £0.0175 | 0.0232% |
| 4 | May 11, 2023 | May 11, 2023 | May 11, 2023 | £1.75 | 1.91% |
| 5 | Jan 27, 2023 | Feb 09, 2023 | Mar 14, 2023 | £1.75 | 1.89% |
FAQ
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