Gladstone Investment Corporation Stock Forecast

Gladstone Investment Corporation stock upgraded to Hold/Accumulate.
(Updated on Apr 17, 2024)

GAIN Signals & Forecast

The Gladstone Investment Corporation stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $13.95. On a fall, the stock will find some support from the long-term average at approximately $13.92. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 2.35%. Further rise is indicated until a new top pivot has been found. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Tuesday, April 09, 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.

Support, Risk & Stop-loss for Gladstone Investment Corporation stock

Gladstone Investment Corporation finds support from accumulated volume at $13.87 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.150 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 1.55%

Our recommended stop-loss: $13.23 (-5.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 30 days ago.)

Trading Expectations (GAIN) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Gladstone Investment Corporation to open at $13.95, and during the day (based on 14 day Average True Range), to move between $13.72 and $14.18, which gives a possible trading interval of +/-$0.225 (+/-1.62%) up or down from last closing price. If Gladstone Investment Corporation takes out the full calculated possible swing range there will be an estimated 3.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.87 (0.57%) than the resistance at $14.36 (2.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Gladstone Investment Corporation stock A Buy?

Gladstone Investment 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: -0.529 Hold/Accumulate Upgraded

Predicted Opening Price for Gladstone Investment Corporation of Thursday, April 18, 2024

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