Tue 18'th Sep 2018
Graphic Packaging Holding Company Stock Analysis
Technical stock analysis for Tue 18'th Sep 2018
|Shorts||5.06% ( 2018-08-31 )|
|Loans||4 549.3 mill|
Graphic Packaging Holding Company gained 2.66% in the last trading day, rising from $14.31 to $14.69 The price has risen in 5 of the last 10 days and is up by 3.74% 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, 1.49 million more shares were traded than the day before. In total, 3.27 million shares bought and sold for approximately $48.07 million.
Graphic Packaging Holding Company has broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $14.60, a level that may pose a second chance to hit a runner. According to fan-theory $15.52 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Only positive signals in the chart today. 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 $14.32 and $14.30. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday September 07, 2018, 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.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline 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 57 and the stock is currently not being overbought or oversold
Support & Resistance
Graphic Packaging Holding Company finds support from accumulated volume at $14.40.
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 $0.41 (2.90%) between high and low. For the last week, the stock has had a daily average volatility of 1.78%.
Our recommended stoploss: $13.97 (-4.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 7 days ago.)
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Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.Click for Top 5 Buy Candidates
|GPK $14.69 $0.38(2.66%)|
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