Gladstone Investment Corporation Stock Forecast
Gladstone Investment Corporation stock upgraded to Hold/Accumulate.
(Updated on Apr 17, 2024)
The Gladstone Investment Corporation stock price gained 1.01% on the last trading day (Wednesday, 17th Apr 2024), rising from $13.81 to $13.95. During the last trading day the stock fluctuated 1.08% from a day low at $13.87 to a day high of $14.02. The price has fallen in 6 of the last 10 days but is still up by 0.22% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 86 thousand shares were bought and sold for approximately $1.20 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 -3.31% during the next 3 months and, with a 90% probability hold a price between $12.67 and $13.86 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.
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.
Golden Star
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
Fair opening price April 18, 2024 | Current price |
---|---|
$13.95 ( 0.0239%) | $13.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAIN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.10 | 1.05 % | |
R2 | 14.04 | 0.641 % | ||
R1 | 14.00 | 0.387 % | ||
Current price: | 13.95 | |||
Support | S1 | 13.89 | -0.435 % | |
S2 | 13.85 | -0.688 % | ||
S3 | 13.80 | -1.10 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.64 | 4.95 % | |
R2 | 14.50 | 3.94 % | ||
R1 | 14.36 | 2.94 % | ||
Current price | 13.95 | |||
Support | S1 | 13.87 | -0.573% | |
S2 | 13.76 | -1.36% | ||
S3 | 13.48 | -3.37% |
GAIN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 09, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.0800 | 0.574% |
2 | Jan 09, 2024 | Mar 20, 2024 | Mar 29, 2024 | $0.0800 | 0.562% |
3 | Jan 09, 2024 | Feb 20, 2024 | Feb 29, 2024 | $0.0800 | 0.581% |
4 | Jan 09, 2024 | Jan 22, 2024 | Jan 31, 2024 | $0.0800 | 0.555% |
5 | Oct 10, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.0800 | 0.565% |
FAQ
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