COHEN & STEERS GLOBAL REALTY MAJORS ETF Stock Forecast
Green day on Thursday for COHEN & STEERS GLOBAL REALTY MAJORS ETF stock after gaining 0.601%
(Updated on Apr 18, 2024)
The COHEN & STEERS GLOBAL REALTY MAJORS ETF stock price gained 0.601% on the last trading day (Thursday, 18th Apr 2024), rising from £249.50 to £251.00. During the last trading day the stock fluctuated 3.48% from a day low at £244.50 to a day high of £253.00. The price has fallen in 5 of the last 10 days and is down by -3.28% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 310 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately £255.76 million.
The stock lies in the middle of a 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 -2.40% during the next 3 months and, with a 90% probability hold a price between £239.83 and £258.03 at the end of this 3-month period.
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GRI.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.601%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The COHEN & STEERS GLOBAL REALTY MAJORS ETF 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 £253.71 and £255.82. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Wednesday, April 17, 2024 and based on theory for this formation the price should go up by 9.56% to £275.00 within 32 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for COHEN & STEERS GLOBAL REALTY MAJORS ETF stock
COHEN & STEERS GLOBAL REALTY MAJORS ETF finds support from accumulated volume at £249.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved £8.50 between high and low, or 3.48%. For the last week the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GRI.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect COHEN & STEERS GLOBAL REALTY MAJORS ETF COHEN & STEERS GLOBAL REALTY MAJORS ETF to open at £249.50, and during the day (based on 14 day Average True Range), to move between £244.56 and £257.44, which gives a possible trading interval of +/-£6.44 (+/-2.57%) up or down from last closing price. If COHEN & STEERS GLOBAL REALTY MAJORS ETF COHEN & STEERS GLOBAL REALTY MAJORS ETF takes out the full calculated possible swing range there will be an estimated 5.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £249.50 (0.60%) than the resistance at £253.80 (1.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is COHEN & STEERS GLOBAL REALTY MAJORS ETF COHEN & STEERS GLOBAL REALTY MAJORS ETF stock A Buy?
COHEN & STEERS GLOBAL REALTY MAJORS ETF holds several negative signals and is within a 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: -1.026 Sell Candidate Unchanged
Predicted Opening Price for COHEN & STEERS GLOBAL REALTY MAJORS ETF COHEN & STEERS GLOBAL REALTY MAJORS ETF of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £249.50 ( 0.598%) | £251.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 258.00 | 2.79 % | |
| R2 | 254.75 | 1.50 % | ||
| R1 | 252.75 | 0.696 % | ||
| Current price: | 251.00 | |||
| Support | S1 | 246.25 | -1.89 % | |
| S2 | 244.25 | -2.69 % | ||
| S3 | 241.00 | -3.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 263.20 | 4.86 % | |
| R2 | 259.60 | 3.43 % | ||
| R1 | 253.80 | 1.12 % | ||
| Current price | 251.00 | |||
| Support | S1 | 249.50 | -0.598% | |
| S2 | 249.20 | -0.717% | ||
| S3 | 0 | . |
GRI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | £0 | 0% |
| 2 | May 25, 2023 | May 25, 2023 | May 25, 2023 | £2.28 | 0.91% |
| 3 | Nov 17, 2022 | Dec 29, 2022 | Feb 14, 2023 | £3.89 | 1.52% |
| 4 | May 12, 2022 | May 26, 2022 | Jul 01, 2022 | £2.08 | 0.742% |
| 5 | Nov 18, 2021 | Dec 30, 2021 | Feb 14, 2022 | £3.32 | 1.13% |
FAQ
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