GPI Forecast and Technical Stock AnalysisBuy candidate since 2019-07-11 Gain 2.56%
Group 1 Automotive Inc fell by -0.40% in the last day ( Thursday, 18th Jul 2019 ) from $82.91 to $82.58 During day the stock fluctuated 1.64% from a day low at $82.09 to a day high of $83.44. The price has risen in 6 of the last 10 days and is up by 0.32% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -7 677 shares and in total 147 655 shares bought and sold for approximately $12.19 million.
- 30 day high of the GPI stock price was $84.36 and low was $75.14.
- 90 day high was $84.36 and low was $69.27.
- 52 week high for the Group 1 Automotive Inc - $84.36 and low - $48.69.
Group 1 Automotive Inc lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.32% during the next 3 months and, with 90% probability hold a price between $80.83 and $91.07 at the end of this period.
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 $81.68 and $78.84. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday July 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 61 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Group 1 Automotive Inc finds support from accumulated volume at $81.89.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.35 (1.64%) between high and low. For the last week, the stock has had a daily average volatility of 2.27%.
Our recommended stoploss: $79.08 (-4.24%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 1 days ago.)
2.27 %Average volatility
Very Low Low Medium High Very High
|GPI $82.58 ($-0.33 -0.40%)|
GPI is down $0.33 today, but where's it headed in 2019?
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