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Gaming and Leisure Properties, Inc. (GLPI)

GLPI stock forecast: buy or sell

Close on Sep 25th, 2020
$37.88 0.03%
3 months performance
0.12%
Published: September 27th, 2020 - 20:50

GLPI stock outlook

  • Gaming and Leisure Properties stock exploded 2.99% to close at $37.88 on the stock market on Friday.

Important:
The thoughts expressed in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not know the particular conditions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for education reasons only

GLPI stock charts

Should I buy Gaming and Leisure Properties stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is GLPI stock a buy?

In the current situation of Gaming and Leisure Properties there is not any eligible buy setup. This doesn't mean we expect a selloff for GLPI in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Gaming and Leisure Properties stock?

"To sell or not to sell", if you are holding Gaming and Leisure Properties stock?. Trading strategies prevent us from making impulsive decisions based on our moods or the buzz that surrounds the market. Our trading system selects very simple setups to guide us on when is a good moment to sell our shares. Be aware that these setups are not intended for selling short Gaming and Leisure Properties stock

As a rule of thumb, you should not hold an open trade that generates losses greater than those expected by the time of the buy. When to sell shares always has to be determined by the stop-loss (automatic or manual)

Is it time to sell Gaming and Leisure Properties stock?

In the current situation of Gaming and Leisure Properties there is not any eligible sell setup, so Gaming and Leisure Properties stock holders with operations in green can keep their positions

Analysts' recommendations to buy or sell Gaming and Leisure Properties stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last 30 days we couldn't find any rating for Gaming and Leisure Properties

Technical analysis

SMAs overview

A favorite tool of many trading systems are the moving averages, that easily show market momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages. You can found more about Moving Averages from sources like Wikipedia and Investopedia

GLPI SMAs chart

Supports and resistances

Technical analysts use supports and resistances to spot price points on a chart that may behave as barriers, containing the price of a stock to move up or down. A support level is a level where the price tends to stop as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down the support, it will probably continue falling until finding another support level. On the other side, a resistance level is where the price may find resistance as it rises. In the same manner, the price is more likely to "rebound" at this level, and if it finally breaks this level, the price will rise easily until it hits the next resistance

The current resistance levels are:

  • R1: $38.10 (0.58% above)
  • R2: $39.16 (3.38% above)
  • R3: $39.42 (4.07% above)
  • The current support levels are:

  • S1: $37.57 (-0.82% below)
  • S2: $37.34 (-1.43% below)
  • S3: $35.77 (-5.57% below)
  • Bollinger bands

    This is an indicator that was introduced in the 1980s by John Bollinger. It comprises 3 bands that are superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Since the price surpassed the upper band on September 16, the price has been corrected downwards by 3.05%. Since the price broke down the lower band on Wednesday, the price has bounced up by 6.43%. The price is trading very close to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks

    GLPI RSI chart

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. It is intended to chart the current and past weakness or strength of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in the late 1970s

    The RSI dropped below the overbought level of 70 in mid-August after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Friday was 54.77. Gaming and Leisure Properties price fell a 1.79% since RSI lost the overbought zone

    GLPI RSI chart

    Earnings and financials

    Gaming and Leisure Properties, Inc. (GLPI) released quarterly earnings of $0.52 per share, beating the Wall St consensus estimate of $0.47 per share. This Q2 report means an earnings surprise of 10.64%. On the contrary, reported sales were $262.0 million, aligned with the market forecasts.

    Compared to the same quarter last year, EPS was $0.42, so reported EPS is a improvement of 23.81%. Looking at sales, figures fell a -9.36% compared to $289.0M same quarter a year ago.

    GLPI will host the Q3 earnings call on late next October. Wall Street analysts predict an Earnings per Share of $0.53, that is a 1.92% more than previous quarter. If you own or you are thinking of buying GLPI stock, you must be aware that earnings reporting day usually has a higher than usual volatility, and price can gap up or down with exceptionally low liquidity and not honouring your buy or stop-loss orders. You can obtain more details about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.glpropinc.com.

    GLPI revenues and profits chart