Graphic Packaging Holding Company Forecast and Stock Analysis
Technical GPK stock analysis for February 15, 2019.
|Shorts||5.26% ( 2019-01-31 )|
Graphic Packaging Holding Company gained 0.96% in the last trading day, rising from $12.51 to $12.63 The price has risen in 6 of the last 10 days and is up by 2.77% over the past 2 weeks. Volume fell in the last day by -0.06 million shares, and in total, 2.81 million shares bought and sold for approximately $35.43 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the GPK stock was $12.63. This is 0.96% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.28% from a day low at $12.52 to a day high of $12.68.
30 day high of the GPK stock price was $13.19 and low was $11.46.
90 day high was $13.19 and low was $10.13.
52 week high for the Graphic Packaging Holding Company - $16.61 and low - $10.04.
Graphic Packaging Holding Company lies in the upper part of a wide and weak rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $12.93 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 9.38% during the next 3 months and, with 90% probability hold a price between $11.85 and $14.15 at the end of this period.
Graphic Packaging Holding Company 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 $12.44 and $11.75. A break down below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. 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 February 13, 2019, which indicates further falls until a new bottom pivot has been found.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 65 and the stock is currently not being overbought or oversold
Support & Resistance
Graphic Packaging Holding Company finds support from accumulated volume at $12.19.
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 $0.16 (1.28%) between high and low. For the last week, the stock has had a daily average volatility of 1.43%.
Our recommended stoploss: $12.19 (-3.47%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.