Weaker Buy Today GPI ranks #4 as BUY CANDIDATE. Stronger Buy
Today GPI ranks #4 as BUY CANDIDATE.

GPI stock Group 1 Automotive Inc

GPI stock
Group 1 Automotive Inc

April 24, 2019
Change 2.88%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will GPI stock price go up or down on Thu, 25 Apr 2019?

Group 1 Automotive Inc Forecast and Stock Analysis

Technical GPI stock analysis for April 24, 2019.

Buy candidate since 2019-04-05 Gain 10.35%
Shorts 16.86% ( 2019-03-29 )
Cash n/a
Loans n/a
Beta 1.82
ROA 3.15

Group 1 Automotive Inc gained 2.88% in the last trading day, rising from $72.57 to $74.66 , and 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. The price has risen in 7 of the last 10 days and is up by 9.25% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 54 331 more shares were traded than the day before. In total, 252 697 shares bought and sold for approximately $18.87 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the GPI stock was $74.66. This is 2.88% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 4.04% from a day low at $72.56 to a day high of $75.49.

30 day high of the GPI stock price was $75.49 and low was $59.93.
90 day high was $75.49 and low was $55.97.
52 week high for the Group 1 Automotive Inc - $81.16 and low - $48.69.

Trend

Group 1 Automotive Inc has broken the wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $72.73, a level that may pose a second chance to hit a runner. According to fan-theory $80.94 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

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Signals

Only positive signals in the chart today. Group 1 Automotive Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $71.85 and $65.78. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday April 22, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 70 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Group 1 Automotive Inc finds support from accumulated volume at $72.16.

Support: $72.16 Price: $74.66

Risk

This stock may move much during a 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 $2.93 between high and low, or 4.04%. For the last week, the stock has had a daily average volatility of 3.60%.

Our recommended stoploss: $71.59 (-4.11%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today GPI ranks #4 as BUY CANDIDATE. Stronger Buy
Today GPI ranks #4 as BUY CANDIDATE.