Grifols Stock Forecast
Red day on Wednesday for Grifols
(Updated on Apr 24, 2024)
The Grifols stock price fell by -1.39% on the last day (Wednesday, 24th Apr 2024) from $6.48 to $6.39. During the last trading day the stock fluctuated 2.38% from a day low at $6.29 to a day high of $6.44. The price has fallen in 7 of the last 10 days and is down by -8.32% 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 -560 thousand shares and in total, 964 thousand shares were bought and sold for approximately $6.16 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -23.33% during the next 3 months and, with a 90% probability hold a price between $3.19 and $6.01 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GRFS Signals & Forecast
There are few to no technical positive signals at the moment. The Grifols 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 $6.48 and $6.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -12.35%. 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 Grifols stock
Grifols finds support from accumulated volume at $6.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.150 between high and low, or 2.38%. For the last week, the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GRFS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Grifols to open at $6.37, and during the day (based on 14 day Average True Range), to move between $6.08 and $6.70, which gives a possible trading interval of +/-$0.314 (+/-4.92%) up or down from last closing price. If Grifols takes out the full calculated possible swing range there will be an estimated 9.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.29 (1.56%) than the resistance at $6.78 (6.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Grifols stock A Buy?
Grifols holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.325 Sell Candidate Unchanged
Predicted Opening Price for Grifols of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $6.37 ( 0.261%) | $6.39 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRFS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.52 | 2.09 % | |
| R2 | 6.47 | 1.19 % | ||
| R1 | 6.43 | 0.636 % | ||
| Current price: | 6.39 | |||
| Support | S1 | 6.32 | -1.16 % | |
| S2 | 6.28 | -1.71 % | ||
| S3 | 6.22 | -2.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.51 | 17.53 % | |
| R2 | 7.00 | 9.55 % | ||
| R1 | 6.78 | 6.10 % | ||
| Current price | 6.39 | |||
| Support | S1 | 6.29 | -1.56% | |
| S2 | 5.61 | -12.21% | ||
| S3 | 5.47 | -14.40% |
GRFS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 26, 2021 | Jun 03, 2021 | Jun 14, 2021 | $0.456 | 2.48% |
| 2 | Oct 22, 2020 | Oct 30, 2020 | Nov 09, 2020 | $0.201 | 1.03% |
| 3 | Oct 31, 2019 | Dec 02, 2019 | Dec 11, 2019 | $0.220 | 0.97% |
| 4 | May 29, 2019 | Jun 07, 2019 | Jun 18, 2019 | $0.174 | 0.88% |
| 5 | Nov 08, 2018 | Nov 30, 2018 | Dec 11, 2018 | $0.228 | 1.21% |
FAQ
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