Gaming and Leisure Properties Stock Forecast
Gaming and Leisure Properties stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The Gaming and Leisure Properties stock price gained 0.655% on the last trading day (Thursday, 28th Mar 2024), rising from $45.77 to $46.07. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.15% from a day low at $45.82 to a day high of $46.35. The price has risen in 6 of the last 10 days and is up by 1.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 55 thousand more shares were traded than the day before. In total, 965 thousand shares were bought and sold for approximately $44.48 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.23% during the next 3 months and, with a 90% probability hold a price between $41.20 and $44.84 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GLPI Signals & Forecast
The Gaming and Leisure Properties 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 $45.49 and $45.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, February 26, 2024, and so far it has risen 3.62%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Gaming and Leisure Properties stock
Gaming and Leisure Properties finds support from accumulated volume at $45.48 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 $0.525 between high and low, or 1.15%. For the last week the stock has had daily average volatility of 1.22%.
Our recommended stop-loss: $43.40 (-5.80%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (GLPI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Gaming and Leisure Properties to open at $46.08, and during the day (based on 14 day Average True Range), to move between $45.39 and $46.75, which gives a possible trading interval of +/-$0.684 (+/-1.48%) up or down from last closing price. If Gaming and Leisure Properties takes out the full calculated possible swing range there will be an estimated 2.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $46.33 (0.56%) than the support at $45.48 (1.28%), 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 Gaming and Leisure Properties stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.089 Buy Candidate Upgraded
Predicted Opening Price for Gaming and Leisure Properties of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$46.08 ( 0.0181%) | $46.07 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLPI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 46.60 | 1.16 % | |
R2 | 46.40 | 0.722 % | ||
R1 | 46.28 | 0.453 % | ||
Current price: | 46.07 | |||
Support | S1 | 45.88 | -0.417 % | |
S2 | 45.75 | -0.686 % | ||
S3 | 45.55 | -1.12 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 46.55 | 1.04 % | |
R2 | 46.44 | 0.80 % | ||
R1 | 46.33 | 0.564 % | ||
Current price | 46.07 | |||
Support | S1 | 45.48 | -1.28% | |
S2 | 45.44 | -1.37% | ||
S3 | 45.14 | -2.02% |
GLPI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 27, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.760 | 1.65% |
2 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | $0 | 0% |
3 | Aug 30, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.730 | 1.60% |
4 | Jun 01, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.720 | 1.49% |
5 | Feb 22, 2023 | Mar 09, 2023 | Mar 24, 2023 | $0.97 | 1.96% |
FAQ
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