Graham Corporation Stock Forecast

Red day on Thursday for Graham Corporation
(Updated on Apr 18, 2024)

GHM Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -15.62%. 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). Graham Corporation gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. The Graham Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $29.17. On a fall, the stock will find some support from the long-term average at approximately $26.99. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. The stock had a Golden Star Signal on Monday, July 10, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Graham Corporation stock

Graham Corporation finds support from accumulated volume at $27.28 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.760 between high and low, or 2.72%. For the last week, the stock has had daily average volatility of 3.69%.

Our recommended stop-loss: $26.60 (-4.94%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 11 days ago.)

Trading Expectations (GHM) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Graham Corporation to open at $28.19, and during the day (based on 14 day Average True Range), to move between $26.64 and $29.32, which gives a possible trading interval of +/-$1.34 (+/-4.80%) up or down from last closing price. If Graham Corporation takes out the full calculated possible swing range there will be an estimated 9.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $27.28 (2.50%) than the resistance at $30.57 (9.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Graham Corporation stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.315 Buy Candidate Unchanged

Predicted Opening Price for Graham Corporation of Friday, April 19, 2024

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