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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

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 GFF
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Red day on Wednesday for Griffon Corporation stock after losing 0.342%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 01, 2024 Gain 23.12% PDF

The Griffon Corporation stock price fell by -0.342% on the last day (Wednesday, 27th Mar 2024) from $73.00 to $72.75. During the last trading day the stock fluctuated 2.28% from a day low at $72.66 to a day high of $74.32. The price has risen in 7 of the last 10 days and is up by 5.28% over the past 2 weeks. Volume has increased on the last day by 35 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, 293 thousand shares were bought and sold for approximately $21.34 million.

The stock lies in the middle of a strong 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 29.05% during the next 3 months and, with a 90% probability hold a price between $89.07 and $96.45 at the end of this 3-month period.

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GFF Signals & Forecast

The Griffon Corporation 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 $72.46 and $69.57. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -1.20%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Griffon Corporation stock

Griffon Corporation finds support from accumulated volume at $71.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.66 (2.28%) between high and low. For the last week, the stock has had daily average volatility of 2.02%.

Our recommended stop-loss: $70.48 (-3.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Griffon Corporation to open at $73.24, and during the day (based on 14 day Average True Range), to move between $71.05 and $74.45, which gives a possible trading interval of +/-$1.70 (+/-2.34%) up or down from last closing price. If Griffon Corporation takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $72.97 (0.30%) than the support at $71.40 (1.86%), 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.

Is Griffon Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Griffon Corporation stock to perform well in the short-term.

Current score: 1.577 Buy Candidate Unchanged

Predicted Opening Price for Griffon Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$73.24 ( 0.678%) $72.75

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

Trading levels for GFF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 74.90 2.96 %
R2 74.27 2.09 %
R1 73.88 1.55 %
Current price: 72.75
Support S1 72.61 -0.194 %
S2 72.22 -0.732 %
S3 71.58 -1.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 73.63 1.21 %
R2 73.00 0.344 %
R1 72.97 0.302 %
Current price 72.75
Support S1 71.40 -1.86%
S2 70.41 -3.22%
S3 67.94 -6.61%

GFF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 07, 2024 Feb 28, 2024 Mar 21, 2024 $0.150 0.204%
2 Nov 27, 2023 Nov 27, 2023 Dec 14, 2023 $0.150 0.268%
3 Jun 30, 2023 Aug 22, 2023 Sep 14, 2023 $0.125 0.307%
4 May 03, 2023 May 24, 2023 Jun 15, 2023 $0.125 0.337%
5 Apr 20, 2023 May 08, 2023 May 19, 2023 $2.00 6.16%

FAQ

What is the symbol for Griffon Corporation Stock and on which exchange is it traded?
The symbol for Griffon Corporation is GFF and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Griffon Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Griffon Corporation stock to perform well in the short-term.

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

What's the current price of Griffon Corporation Stock?
As of the end of day on the 2024-03-27, the price of an Griffon Corporation (GFF) share was $72.75.

What is the 52-week high and low for Griffon Corporation Stock?
The 52-week high for Griffon Corporation Stock is $74.32 and the 52-week low is $25.97.

What is the market capitalization of Griffon Corporation Stock?
As of the 2024-03-27, the market capitalization of Griffon Corporation is 3.597B.

When is the next earnings date for Griffon Corporation?
The upcoming earnings date for Griffon Corporation is May 01, 2024.
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About Griffon Corporation

Griffon Griffon Corporation, through its subsidiaries, provides consumer and professional, and home and building products in the United States, Europe, Canada, Australia, and internationally. Its Consumer and Professional Products segment manufactures and markets long-handled tools and landscaping products for homeowners and professionals; wood and wire closet organization, general living storage, and wire garage storage products to home center retail ch... GFF Profile

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