Graco Inc Stock Forecast
Graco Inc stock price down 0.686% on Friday
(Updated on Apr 26, 2024)
The Graco Inc stock price fell by -0.686% on the last day (Friday, 26th Apr 2024) from $83.13 to $82.56. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.36% from a day low at $82.54 to a day high of $83.66. The price has fallen in 8 of the last 10 days and is down by -7.72% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -592 thousand shares and in total, 984 thousand shares were bought and sold for approximately $81.22 million.
Given the current short-term trend, the stock is expected to rise 2.78% during the next 3 months and, with a 90% probability hold a price between $84.85 and $98.34 at the end of this 3-month period.
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GGG Signals & Forecast
There are few to no technical positive signals at the moment. The Graco 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 $87.03 and $91.23. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -12.76%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Graco Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $1.12 between high and low, or 1.36%. For the last week, the stock has had daily average volatility of 1.79%.
Graco Inc is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GGG) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Graco Inc to open at $82.92, and during the day (based on 14 day Average True Range), to move between $80.88 and $84.24, which gives a possible trading interval of +/-$1.68 (+/-2.04%) up or down from last closing price. If Graco Inc takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $83.13, some $0.570 (0.69%) from the current price of $82.56, our system finds the risk reward not very attractive.
Is Graco Inc stock A Buy?
The Graco Inc stock holds several negative signals and despite the positive trend, we believe Graco Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.757 Sell Candidate Unchanged
Predicted Opening Price for Graco Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $82.92 ( 0.436%) | $82.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GGG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.04 | 1.79 % | |
| R2 | 83.61 | 1.27 % | ||
| R1 | 83.35 | 0.95 % | ||
| Current price: | 82.56 | |||
| Support | S1 | 82.49 | -0.0822 % | |
| S2 | 82.23 | -0.402 % | ||
| S3 | 81.80 | -0.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 93.46 | 13.20 % | |
| R2 | 86.84 | 5.18 % | ||
| R1 | 83.13 | 0.690 % | ||
| Current price | 82.56 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
GGG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Apr 12, 2024 | May 01, 2024 | $0.255 | 0.309% |
| 2 | Dec 01, 2023 | Jan 19, 2024 | Feb 07, 2024 | $0.255 | 0.292% |
| 3 | Sep 15, 2023 | Oct 13, 2023 | Nov 01, 2023 | $0.235 | 0.317% |
| 4 | Jun 16, 2023 | Jul 14, 2023 | Aug 02, 2023 | $0.235 | 0.299% |
| 5 | Feb 17, 2023 | Apr 14, 2023 | May 03, 2023 | $0.235 | 0.299% |
FAQ
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