Goldman Sachs BDC Inc Stock Forecast

Stronger technical forecast for Goldman Sachs BDC Inc stock price after Thursday trading.
(Updated on May 09, 2024)

GSBD Signals & Forecast

The Goldman Sachs BDC Inc 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 $15.61 and $15.27. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.89%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Wednesday, July 12, 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 Goldman Sachs BDC Inc stock

Goldman Sachs BDC Inc finds support from accumulated volume at $15.33 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 $0.250 between high and low, or 1.61%. For the last week the stock has had daily average volatility of 1.34%.

Our recommended stop-loss: $15.08 (-3.51%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (GSBD) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Goldman Sachs BDC Inc to open at $15.67, and during the day (based on 14 day Average True Range), to move between $15.43 and $15.83, which gives a possible trading interval of +/-$0.195 (+/-1.25%) up or down from last closing price. If Goldman Sachs BDC Inc takes out the full calculated possible swing range there will be an estimated 2.50% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.64 (0.06%) than the support at $15.33 (1.92%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Goldman Sachs BDC Inc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Goldman Sachs BDC Inc stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.406 Buy Candidate Upgraded

Predicted Opening Price for Goldman Sachs BDC Inc of Friday, May 10, 2024

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