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 GLP
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Red day on Thursday for Global Partners LP
(Updated on Mar 28, 2024)

Sell candidate since Mar 22, 2024 Loss -3.79% PDF

The Global Partners LP stock price fell by -0.247% on the last day (Thursday, 28th Mar 2024) from $44.49 to $44.38. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 2.12% from a day low at $44.07 to a day high of $45.00. The price has fallen in 6 of the last 10 days and is down by -2.35% for this period. Volume has increased on the last day by 8 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 90 thousand shares were bought and sold for approximately $4.01 million.

Given the current short-term trend, the stock is expected to rise 9.53% during the next 3 months and, with a 90% probability hold a price between $48.61 and $54.68 at the end of this 3-month period.

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GLP Signals & Forecast

There are few to no technical positive signals at the moment. The Global Partners LP 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 $46.23 and $46.58. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -10.34%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Global Partners LP stock

Global Partners LP finds support from accumulated volume at $43.99 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 $0.94 between high and low, or 2.12%. For the last week, the stock has had daily average volatility of 3.94%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GLP) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Global Partners LP to open at $44.48, and during the day (based on 14 day Average True Range), to move between $42.75 and $46.01, which gives a possible trading interval of +/-$1.63 (+/-3.68%) up or down from last closing price. If Global Partners LP takes out the full calculated possible swing range there will be an estimated 7.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $43.99 (0.88%) than the resistance at $45.70 (2.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Global Partners LP stock A Buy?

The Global Partners LP stock holds several negative signals and despite the positive trend, we believe Global Partners LP will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.193 Sell Candidate Unchanged

Predicted Opening Price for Global Partners LP of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$44.48 ( 0.229%) $44.38

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

Trading levels for GLP

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 45.42 2.34 %
R2 45.06 1.53 %
R1 44.84 1.03 %
Current price: 44.38
Support S1 44.12 -0.576 %
S2 43.90 -1.07 %
S3 43.55 -1.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 47.21 6.38 %
R2 46.63 5.07 %
R1 45.70 2.97 %
Current price 44.38
Support S1 43.99 -0.88%
S2 42.31 -4.66%
S3 41.20 -7.17%

GLP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 24, 2024 Feb 07, 2024 Feb 14, 2024 $0.700 1.49%
2 Oct 24, 2023 Nov 07, 2023 Nov 14, 2023 $0.690 2.08%
3 Jul 25, 2023 Aug 07, 2023 Aug 14, 2023 $0.675 2.09%
4 Apr 25, 2023 May 08, 2023 May 15, 2023 $0.655 2.11%
5 Jan 25, 2023 Feb 07, 2023 Feb 14, 2023 $1.57 4.22%

FAQ

What is the symbol for Global Partners LP Stock and on which exchange is it traded?
The symbol for Global Partners LP is GLP and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Global Partners LP Stock?
The Global Partners LP stock holds several negative signals and despite the positive trend, we believe Global Partners LP will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Global Partners LP Stock?
Global Partners LP Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Global Partners LP Stock.

What's the current price of Global Partners LP Stock?
As of the end of day on the 2024-03-28, the price of an Global Partners LP (GLP) share was $44.38.

What is the 52-week high and low for Global Partners LP Stock?
The 52-week high for Global Partners LP Stock is $49.50 and the 52-week low is $27.07.

What is the market capitalization of Global Partners LP Stock?
As of the 2024-03-28, the market capitalization of Global Partners LP is 1.509B.

When is the next earnings date for Global Partners LP?
The upcoming earnings date for Global Partners LP is May 03, 2024.
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About Global Partners LP

Global Partners LP Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states, Mid-Atlantic region, and New York. The company is also involved in the transportation of petroleum products and renewable fuels through rail from the mid-... GLP Profile

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