RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GRC
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Evaluation of The Gorman-Rupp Company stock downgraded after the last trading session.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 01, 2024 Gain 16.27% PDF

The The Gorman-Rupp Company stock price gained 2.05% on the last trading day (Wednesday, 27th Mar 2024), rising from $38.52 to $39.31. During the last trading day the stock fluctuated 1.71% from a day low at $38.68 to a day high of $39.34. The price has risen in 6 of the last 10 days and is up by 6.53% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 34 thousand shares were bought and sold for approximately $1.33 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong 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 15.81% during the next 3 months and, with a 90% probability hold a price between $42.85 and $47.70 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

GRC Signals & Forecast

The The Gorman-Rupp Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $38.65 and $37.12. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.127%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for The Gorman-Rupp Company stock

On the downside, the stock finds support just below today's level from accumulated volume at $36.53 and $33.39. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, The Gorman-Rupp Company finds support just below today's level at $36.53. If this is broken, then the next support from accumulated volume will be at $33.39 and $32.70.

In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.660 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 1.97%.

Our recommended stop-loss: $38.07 (-3.16%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (GRC) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect The Gorman-Rupp Company to open at $39.11, and during the day (based on 14 day Average True Range), to move between $38.45 and $40.17, which gives a possible trading interval of +/-$0.86 (+/-2.19%) up or down from last closing price. If The Gorman-Rupp Company takes out the full calculated possible swing range there will be an estimated 4.37% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $39.36 (0.13%) than the support at $36.53 (7.07%), 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.

Is The Gorman-Rupp Company stock A Buy?

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 The Gorman-Rupp Company stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.963 Buy Candidate Downgraded

Predicted Opening Price for The Gorman-Rupp Company of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$39.11 ( 0.509%) $39.31

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GRC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 39.77 1.17 %
R2 39.52 0.529 %
R1 39.36 0.133 %
Current price: 39.31
Support S1 38.86 -1.15 %
S2 38.70 -1.55 %
S3 38.45 -2.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 39.36 0.127 %
Current price 39.31
Support S1 36.53 -7.07%
S2 33.39 -15.06%
S3 32.70 -16.82%

GRC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 26, 2024 Feb 14, 2024 Mar 08, 2024 $0.180 0.479%
2 Oct 27, 2023 Nov 14, 2023 Dec 08, 2023 $0.180 0.531%
3 Jul 28, 2023 Aug 14, 2023 Sep 08, 2023 $0.175 0.531%
4 Apr 28, 2023 May 12, 2023 Sep 08, 2023 $0.175 0.531%
5 Jan 27, 2023 Feb 14, 2023 Mar 10, 2023 $0.175 0.695%

FAQ

What is the symbol for The Gorman-Rupp Company Stock and on which exchange is it traded?
The symbol for The Gorman-Rupp Company is GRC and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell The Gorman-Rupp Company Stock?
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 The Gorman-Rupp Company stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy The Gorman-Rupp Company Stock?
The Gorman-Rupp Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy The Gorman-Rupp Company Stock.

What's the current price of The Gorman-Rupp Company Stock?
As of the end of day on the 2024-03-27, the price of an The Gorman-Rupp Company (GRC) share was $39.31.

What is the 52-week high and low for The Gorman-Rupp Company Stock?
The 52-week high for The Gorman-Rupp Company Stock is $39.46 and the 52-week low is $23.22.

What is the market capitalization of The Gorman-Rupp Company Stock?
As of the 2024-03-27, the market capitalization of The Gorman-Rupp Company is 1.031B.

When is the next earnings date for The Gorman-Rupp Company?
The upcoming earnings date for The Gorman-Rupp Company is Apr 25, 2024.
Click to get the best stock tips daily for free!

About The Gorman-Rupp Company

The Gorman-Rupp Company The Gorman-Rupp Company designs, manufactures, and sells pumps and pump systems in the United States and internationally. The company's products include self-priming centrifugal, standard centrifugal, magnetic drive centrifugal, axial and mixed flow, vertical turbine line shaft, submersible, high pressure booster, rotary gear, diaphragm, bellows, and oscillating pumps. Its products are used in water, wastewater, construction, dewatering, industri... GRC Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT