Getty Realty Corporation Stock Forecast
Getty Realty Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)
The Getty Realty Corporation stock price gained 1.85% on the last trading day (Friday, 19th Apr 2024), rising from $26.50 to $26.99. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.85% from a day low at $26.52 to a day high of $27.01. The price has risen in 7 of the last 10 days and is up by 1.09% over the past 2 weeks. Volume fell on the last day by -71 thousand shares and in total, 121 thousand shares were bought and sold for approximately $3.27 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 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 -3.52% during the next 3 months and, with a 90% probability hold a price between $24.58 and $26.44 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GTY Signals & Forecast
The Getty Realty Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $26.48 and $26.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 3.37%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, April 04, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, April 04, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 with a target of $26.90. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Getty Realty Corporation stock
Getty Realty Corporation finds support from accumulated volume at $26.86 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 $0.490 between high and low, or 1.85%. For the last week the stock has had daily average volatility of 1.50%.
Our recommended stop-loss: $25.79 (-4.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (GTY) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Getty Realty Corporation to open at $26.84, and during the day (based on 14 day Average True Range), to move between $26.50 and $27.48, which gives a possible trading interval of +/-$0.486 (+/-1.80%) up or down from last closing price. If Getty Realty Corporation takes out the full calculated possible swing range there will be an estimated 3.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $27.10 (0.41%) than the support at $26.86 (0.48%), 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
Getty Realty Corporation will release earnings AMC on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.570. We will update the financials statements for Getty Realty Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.15% in the first trading day after earnings release.
Is Getty Realty Corporation stock A Buy?
Getty Realty Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.855 Hold/Accumulate Upgraded
Predicted Opening Price for Getty Realty Corporation of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $26.84 ( 0.556%) | $26.99 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GTY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.33 | 1.26 % | |
| R2 | 27.14 | 0.566 % | ||
| R1 | 27.03 | 0.138 % | ||
| Current price: | 26.99 | |||
| Support | S1 | 26.65 | -1.25 % | |
| S2 | 26.54 | -1.68 % | ||
| S3 | 26.35 | -2.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.35 | 1.33 % | |
| R2 | 27.15 | 0.593 % | ||
| R1 | 27.10 | 0.408 % | ||
| Current price | 26.99 | |||
| Support | S1 | 26.86 | -0.482% | |
| S2 | 26.83 | -0.593% | ||
| S3 | 26.52 | -1.74% |
GTY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2024 | Mar 27, 2024 | Apr 11, 2024 | $0.450 | 1.69% |
| 2 | Oct 24, 2023 | Dec 27, 2023 | Jan 11, 2024 | $0.450 | 1.56% |
| 3 | Jul 25, 2023 | Sep 27, 2023 | Oct 12, 2023 | $0.430 | 1.58% |
| 4 | Apr 25, 2023 | Jun 21, 2023 | Jul 06, 2023 | $0.430 | 1.30% |
| 5 | Feb 21, 2023 | Mar 22, 2023 | Apr 06, 2023 | $0.430 | 1.24% |
FAQ
Click here for our free guide on how to buy Getty Realty Corporation Stock.
