GCP Asset Backed Income Fund Limited Stock Forecast
Red day on Thursday for GCP Asset Backed Income Fund Limited
(Updated on Apr 18, 2024)
The GCP Asset Backed Income Fund Limited stock price fell by -1.03% on the last day (Thursday, 18th Apr 2024) from £67.70 to £67.00. During the last trading day the stock fluctuated 1.74% from a day low at £66.60 to a day high of £67.76. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -212 thousand shares and in total, 72 thousand shares were bought and sold for approximately £4.86 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £66.27 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.72% during the next 3 months and, with a 90% probability hold a price between £64.47 and £68.19 at the end of this 3-month period.
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GABI.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 12, 2024, and so far it has risen 0.90%. 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. The GCP Asset Backed Income Fund Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at £67.04 and £67.84. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for GCP Asset Backed Income Fund Limited stock
GCP Asset Backed Income Fund Limited finds support from accumulated volume at £66.40 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 £1.16 between high and low, or 1.74%. For the last week the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: £63.05 (-5.89%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (GABI.L) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect GCP Asset Backed Income Fund Limited to open at £67.12, and during the day (based on 14 day Average True Range), to move between £65.37 and £68.63, which gives a possible trading interval of +/-£1.63 (+/-2.43%) up or down from last closing price. If GCP Asset Backed Income Fund Limited takes out the full calculated possible swing range there will be an estimated 4.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £66.40 (0.90%) than the resistance at £68.20 (1.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GCP Asset Backed Income Fund Limited stock A Buy?
GCP Asset Backed Income Fund Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.319 Hold/Accumulate Unchanged
Predicted Opening Price for GCP Asset Backed Income Fund Limited of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| £67.12 ( 0.179%) | £67.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GABI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.28 | 1.91 % | |
| R2 | 67.84 | 1.25 % | ||
| R1 | 67.56 | 0.84 % | ||
| Current price: | 67.00 | |||
| Support | S1 | 66.68 | -0.482 % | |
| S2 | 66.40 | -0.89 % | ||
| S3 | 65.96 | -1.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 70.00 | 4.48 % | |
| R2 | 68.80 | 2.69 % | ||
| R1 | 68.20 | 1.79 % | ||
| Current price | 67.00 | |||
| Support | S1 | 66.40 | -0.90% | |
| S2 | 66.00 | -1.49% | ||
| S3 | 65.20 | -2.69% |
GABI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 15, 2024 | Feb 15, 2024 | Mar 15, 2024 | £1.58 | 2.33% |
| 2 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | £0.0158 | 0.0172% |
| 3 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | £0.0158 | 0.0171% |
| 4 | May 11, 2023 | May 11, 2023 | May 11, 2023 | £1.58 | 1.69% |
| 5 | Jan 26, 2023 | Feb 02, 2023 | Mar 03, 2023 | £1.58 | 1.69% |
FAQ
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