Graphic Packaging Holding Company Stock Forecast
Graphic Packaging Holding Company stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 23, 2024)
The Graphic Packaging Holding Company stock price fell by -1.13% on the last day (Tuesday, 23rd Apr 2024) from $27.39 to $27.08. During the last trading day the stock fluctuated 1.33% from a day low at $27.06 to a day high of $27.42. The price has fallen in 7 of the last 10 days and is down by -7.89% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -318 thousand shares and in total, 2 million shares were bought and sold for approximately $43.40 million.
Given the current short-term trend, the stock is expected to rise 14.29% during the next 3 months and, with a 90% probability hold a price between $30.95 and $34.29 at the end of this 3-month period.
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GPK Signals & Forecast
There are few to no technical positive signals at the moment. The Graphic Packaging Holding Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $27.30 and $27.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -7.89%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Graphic Packaging Holding Company stock
Graphic Packaging Holding Company finds support from accumulated volume at $26.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.360 (1.33%) between high and low. For the last week, the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: $25.49 (-5.86%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (GPK) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Graphic Packaging Holding Company to open at $27.19, and during the day (based on 14 day Average True Range), to move between $26.52 and $27.64, which gives a possible trading interval of +/-$0.560 (+/-2.07%) up or down from last closing price. If Graphic Packaging Holding Company takes out the full calculated possible swing range there will be an estimated 4.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.21 (0.48%) than the support at $26.22 (3.18%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Graphic Packaging Holding Company will release earnings BMO on Tuesday, April 30, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.630. We will update the financials statements for Graphic Packaging Holding Company, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.45% in the first trading day after earnings release.
Is Graphic Packaging Holding Company stock A Buy?
Graphic Packaging Holding Company holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.845 Hold/Accumulate Upgraded
Predicted Opening Price for Graphic Packaging Holding Company of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $27.19 ( 0.394%) | $27.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPK
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.55 | 1.72 % | |
| R2 | 27.41 | 1.22 % | ||
| R1 | 27.32 | 0.90 % | ||
| Current price: | 27.08 | |||
| Support | S1 | 27.05 | -0.114 % | |
| S2 | 26.96 | -0.428 % | ||
| S3 | 26.83 | -0.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.66 | 5.83 % | |
| R2 | 28.37 | 4.76 % | ||
| R1 | 27.21 | 0.480 % | ||
| Current price | 27.08 | |||
| Support | S1 | 26.22 | -3.18% | |
| S2 | 25.95 | -4.17% | ||
| S3 | 24.74 | -8.64% |
GPK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Mar 14, 2024 | Apr 05, 2024 | $0.100 | 0.349% |
| 2 | Nov 16, 2023 | Dec 14, 2023 | Jan 05, 2024 | $0.100 | 0.389% |
| 3 | Jul 28, 2023 | Sep 14, 2023 | Oct 05, 2023 | $0.100 | 0.465% |
| 4 | May 24, 2023 | Jun 14, 2023 | Oct 05, 2023 | $0.100 | 0.465% |
| 5 | Feb 20, 2023 | Mar 14, 2023 | Apr 05, 2023 | $0.100 | 0.397% |
FAQ
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