Golub Capital BDC Stock Forecast
Golub Capital BDC stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The Golub Capital BDC stock price gained 1.27% on the last trading day (Friday, 19th Apr 2024), rising from $16.59 to $16.80. During the last trading day the stock fluctuated 1.45% from a day low at $16.56 to a day high of $16.80. The price has risen in 6 of the last 10 days and is up by 1.08% over the past 2 weeks. Volume fell on the last day by -86 thousand shares and in total, 720 thousand shares were bought and sold for approximately $12.10 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 narrow and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.13% during the next 3 months and, with a 90% probability hold a price between $17.76 and $18.48 at the end of this 3-month period.
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GBDC Signals & Forecast
The Golub Capital BDC 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 $16.64 and $16.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 01, 2024, and so far it has risen 8.39%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, June 28, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Wednesday, June 28, 2023 in the long-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 Golub Capital BDC stock
Golub Capital BDC finds support from accumulated volume at $16.63 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 $0.240 between high and low, or 1.45%. For the last week the stock has had daily average volatility of 1.23%.
Our recommended stop-loss: $16.25 (-3.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (GBDC) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Golub Capital BDC to open at $16.72, and during the day (based on 14 day Average True Range), to move between $16.60 and $17.00, which gives a possible trading interval of +/-$0.205 (+/-1.22%) up or down from last closing price. If Golub Capital BDC takes out the full calculated possible swing range there will be an estimated 2.44% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $16.63, some $0.170 (1.01%) from the current price of $16.80, our system finds the risk reward attractive.
Is Golub Capital BDC stock A Buy?
Golub Capital BDC holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". 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 Buy to a Strong Buy candidate.
Current score: 5.400 Strong Buy Candidate Upgraded
Predicted Opening Price for Golub Capital BDC of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$16.72 ( 0.476%) | $16.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GBDC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.96 | 0.95 % | |
R2 | 16.87 | 0.407 % | ||
R1 | 16.81 | 0.0695 % | ||
Current price: | 16.80 | |||
Support | S1 | 16.63 | -1.02 % | |
S2 | 16.57 | -1.36 % | ||
S3 | 16.48 | -1.90 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 16.80 | |||
Support | S1 | 16.63 | -1.01% | |
S2 | 15.53 | -7.56% | ||
S3 | 15.50 | -7.74% |
GBDC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 16, 2024 | Feb 29, 2024 | Mar 29, 2024 | $0.390 | 2.35% |
2 | Feb 02, 2024 | Feb 14, 2024 | Mar 15, 2024 | $0.0700 | 0.438% |
3 | Nov 17, 2023 | Dec 07, 2023 | Dec 29, 2023 | $0.370 | 2.45% |
4 | Nov 17, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.0700 | 0.465% |
5 | Aug 03, 2023 | Aug 31, 2023 | Sep 29, 2023 | $0.370 | 2.52% |
FAQ
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