RSI low/high Values: [ 25 - 75 ]
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Greystone Logistics stock downgraded from Buy Candidate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Greystone Logistics stock price fell by -3.80% on the last day (Thursday, 28th Mar 2024) from $1.38 to $1.33. During the last trading day the stock fluctuated 8.81% from a day low at $1.28 to a day high of $1.39. The price has risen in 5 of the last 10 days but is still down by -0.19% 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 -7 thousand shares and in total, 26 thousand shares were bought and sold for approximately $34.33 thousand.

Given the current short-term trend, the stock is expected to rise 38.08% during the next 3 months and, with a 90% probability hold a price between $1.83 and $2.30 at the end of this 3-month period.

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GLGI Signals & Forecast

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. The Greystone Logistics stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $1.36 and $1.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 15, 2024, and so far it has fallen -8.45%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Greystone Logistics stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.07 and $1.02. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Greystone Logistics finds support just below today's level at $1.07. If this is broken, then the next support from accumulated volume will be at $1.02 and $1.00.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.113 between high and low, or 8.81%. For the last week the stock has had daily average volatility of 4.08%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GLGI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Greystone Logistics to open at $1.33, and during the day (based on 14 day Average True Range), to move between $1.27 and $1.38, which gives a possible trading interval of +/-$0.0568 (+/-4.28%) up or down from last closing price. If Greystone Logistics takes out the full calculated possible swing range there will be an estimated 8.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.34 (0.94%) than the support at $1.07 (19.40%), 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 Greystone Logistics stock A Buy?

The Greystone Logistics stock holds several negative signals and despite the positive trend, we believe Greystone Logistics will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.

Current score: -3.781 Sell Candidate Downgraded

Predicted Opening Price for Greystone Logistics of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.33 ( 0.314%) $1.33

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

Trading levels for GLGI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.44 8.79 %
R2 1.40 5.55 %
R1 1.37 3.55 %
Current price: 1.33
Support S1 1.29 -2.92 %
S2 1.26 -4.92 %
S3 1.22 -8.16 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.45 9.23 %
R2 1.36 2.45 %
R1 1.34 0.94 %
Current price 1.33
Support S1 1.07 -19.40%
S2 1.02 -23.31%
S3 1.00 -24.67%

FAQ

What is the symbol for Greystone Logistics Stock and on which exchange is it traded?
The symbol for Greystone Logistics is GLGI and it is traded on the OTCMKTS (OTC Markets Group).

Should I buy or sell Greystone Logistics Stock?
The Greystone Logistics stock holds several negative signals and despite the positive trend, we believe Greystone Logistics will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.

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

What's the current price of Greystone Logistics Stock?
As of the end of day on the 2024-03-28, the price of an Greystone Logistics (GLGI) share was $1.33.

What is the 52-week high and low for Greystone Logistics Stock?
The 52-week high for Greystone Logistics Stock is $2.35 and the 52-week low is $0.600.

What is the market capitalization of Greystone Logistics Stock?
As of the 2024-03-28, the market capitalization of Greystone Logistics is 37.541M.

When is the next earnings date for Greystone Logistics?
The upcoming earnings date for Greystone Logistics is Apr 17, 2024.
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About Greystone Logistics

Greystone Logistics Greystone Logistics, Inc., through its subsidiaries, manufactures and markets plastic pallets and pelletized recycled plastic resins. It offers rackable, can, nestable, display, monoblock, half-barrel and slim keg stackable, drum, and mid duty pallets. The company also offers tolling services. It sells its pallets directly, as well as through a network of independent contractor distributors. The company was formerly known as PalWeb Corporation an... GLGI Profile

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