Glatfelter Stock Forecast

On Tuesday, Glatfelter stock price gained an impressive 5.19%
(Updated on Apr 23, 2024)

GLT Signals & Forecast

There are mixed signals in the stock today. The Glatfelter stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.80. On a fall, the stock will find some support from the short-term average at $1.56. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Wednesday, February 07, 2024, and so far it has fallen -38.64%. 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). Glatfelter has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Glatfelter stock

Glatfelter finds support from accumulated volume at $1.60 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 $0.135 between high and low, or 8.82%. For the last week, the stock has had daily average volatility of 8.20%.

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

Trading Expectations (GLT) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Glatfelter to open at $1.61, and during the day (based on 14 day Average True Range), to move between $1.49 and $1.75, which gives a possible trading interval of +/-$0.125 (+/-7.72%) up or down from last closing price. If Glatfelter takes out the full calculated possible swing range there will be an estimated 15.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.60 (1.23%) than the resistance at $1.77 (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 Glatfelter stock A Buy?

Glatfelter holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -4.353 Sell Candidate Unchanged

Predicted Opening Price for Glatfelter of Wednesday, April 24, 2024

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