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 GGN
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Stronger technical forecast for GAMCO Global Gold, Natural Resources & stock price after Thursday trading.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 04, 2024 Gain 2.93% PDF

The GAMCO Global Gold, Natural Resources & stock price gained 0.521% on the last trading day (Thursday, 28th Mar 2024), rising from $3.84 to $3.86. During the last trading day the stock fluctuated 1.04% from a day low at $3.83 to a day high of $3.87. The price has risen in 5 of the last 10 days and is up by 2.12% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 328 thousand more shares were traded than the day before. In total, 625 thousand shares were bought and sold for approximately $2.41 million.

The stock has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $3.86, a level that may pose a second chance to hit a runner. According to fan-theory $4.00 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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GGN Signals & Forecast

The GAMCO Global Gold, Natural Resources & stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $3.84 and $3.77. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 2.12%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, March 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 12, 2023.

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.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, March 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 12, 2023.

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.
Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Friday, March 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 12, 2023.

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.
Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Wednesday, February 14, 2024 and based on theory for this formation the price should go up by 0.210% to $3.87 within 20 trading days since signal was issued (Monday, April 01, 2024).

Support, Risk & Stop-loss for GAMCO Global Gold, Natural Resources & stock

GAMCO Global Gold, Natural Resources & finds support from accumulated volume at $3.76 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 $0.0400 between high and low, or 1.04%. For the last week the stock has had daily average volatility of 0.787%.

Our recommended stop-loss: $3.65 (-5.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)

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

For the upcoming trading day on Monday, 1st we expect GAMCO Global Gold, Natural Resources & Income Trust to open at $3.85, and during the day (based on 14 day Average True Range), to move between $3.83 and $3.89, which gives a possible trading interval of +/-$0.0334 (+/-0.86%) up or down from last closing price. If GAMCO Global Gold, Natural Resources & Income Trust takes out the full calculated possible swing range there will be an estimated 1.73% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $3.76, some $0.100 (2.59%) from the current price of $3.86, our system finds the risk reward attractive.

Is GAMCO Global Gold, Natural Resources & Income Trust stock A Buy?

GAMCO Global Gold, Natural Resources & holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 5.222 Strong Buy Candidate Upgraded

Predicted Opening Price for GAMCO Global Gold, Natural Resources & Income Trust of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.85 ( 0.173%) $3.86

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

Trading levels for GGN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.89 0.86 %
R2 3.88 0.468 %
R1 3.87 0.223 %
Current price: 3.86
Support S1 3.84 -0.569 %
S2 3.83 -0.81 %
S3 3.81 -1.21 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 3.86
Support S1 3.76 -2.59%
S2 3.75 -2.85%
S3 3.73 -3.37%

GGN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 13, 2024 Jun 13, 2024 Jun 21, 2024 $0.0300 0.775%
2 May 15, 2024 May 15, 2024 May 23, 2024 $0.0300 0.775%
3 Apr 15, 2024 Apr 15, 2024 Apr 23, 2024 $0.0300 0.775%
4 Nov 16, 2023 Mar 13, 2024 Mar 21, 2024 $0.0300 0.779%
5 Nov 16, 2023 Feb 13, 2024 Feb 22, 2024 $0.0300 0.81%

FAQ

What is the symbol for GAMCO Global Gold, Natural Resources & Income Trust Stock and on which exchange is it traded?
The symbol for GAMCO Global Gold, Natural Resources & Income Trust is GGN and it is traded on the NYSEMKT (NYSE American).

Should I buy or sell GAMCO Global Gold, Natural Resources & Income Trust Stock?
GAMCO Global Gold, Natural Resources & holds several positive signals and has broken the weak rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

How to buy GAMCO Global Gold, Natural Resources & Income Trust Stock?
GAMCO Global Gold, Natural Resources & Income Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy GAMCO Global Gold, Natural Resources & Income Trust Stock.

What's the current price of GAMCO Global Gold, Natural Resources & Income Trust Stock?
As of the end of day on the 2024-03-28, the price of an GAMCO Global Gold, Natural Resources & Income Trust (GGN) share was $3.86.

What is the 52-week high and low for GAMCO Global Gold, Natural Resources & Income Trust Stock?
The 52-week high for GAMCO Global Gold, Natural Resources & Income Trust Stock is $3.87 and the 52-week low is $3.51.

What is the market capitalization of GAMCO Global Gold, Natural Resources & Income Trust Stock?
As of the 2024-03-28, the market capitalization of GAMCO Global Gold, Natural Resources & Income Trust is 595.05M.
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About GAMCO Global Gold, Natural Resources & Income Trust

GAMCO Global Gold, Natural Resources & Income Trust is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies principally engaged in the gold and natural resources industries including companies principally engaged in the exploration, mining, fabrication, processing, distribution, or trading of ... GGN Profile

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