Gladstone Investment Corp 6.375 % Cum Stock Forecast
Gladstone Investment Corp 6.375 % Cum stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Gladstone Investment Corp 6.375 % Cum stock price gained 0.273% on the last trading day (Friday, 28th Jun 2024), rising from $25.64 to $25.71. During the last trading day the stock fluctuated 0.351% from a day low at $25.62 to a day high of $25.71. The price has risen in 6 of the last 10 days and is up by 0.43% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately $43.91 thousand. 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 has broken the narrow and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $25.65 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $26.11 sometime during the next 3 months.
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GAINL Signals & Forecast
The Gladstone Investment Corp 6.375 % Cum 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 $25.67 and $25.58. 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). 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 Tuesday, April 30, 2024, and so far it has fallen -0.155%. Further fall is indicated until a new bottom pivot has been found. 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, June 10, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 21, 2024.
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 Monday, June 10, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 21, 2024.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 Monday, June 10, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Friday, June 21, 2024.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 Corp 6.375 % Cum stock
Gladstone Investment Corp 6.375 % Cum finds support from accumulated volume at $25.60 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 $0.0900 between high and low, or 0.351%. For the last week the stock has had daily average volatility of 0.344%
Our recommended stop-loss: $24.84 (-3.37%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (GAINL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Gladstone Investment Corp 6.375 % Cum Red Term Pfd Registered Shs 2018-31.08.25 Series E to open at $25.68, and during the day (based on 14 day Average True Range), to move between $25.59 and $25.83, which gives a possible trading interval of +/-$0.124 (+/-0.48%) up or down from last closing price. If Gladstone Investment Corp 6.375 % Cum Red Term Pfd Registered Shs 2018-31.08.25 Series E takes out the full calculated possible swing range there will be an estimated 0.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $25.75 (0.16%) than the support at $25.60 (0.43%), 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 Gladstone Investment Corp 6.375 % Cum Red Term Pfd Registered Shs 2018-31.08.25 Series E stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Gladstone Investment Corp 6.375 % Cum 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: 1.009 Buy Candidate Upgraded
Predicted Opening Price for Gladstone Investment Corp 6.375 % Cum Red Term Pfd Registered Shs 2018-31.08.25 Series E of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $25.68 ( 0.117%) | $25.71 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAINL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.77 | 0.233% |
| R2 | 25.74 | 0.0996% |
| R1 | 25.71 | 0.0170% |
| Price | 25.71 | |
| S1 | 25.65 | -0.250% |
| S2 | 25.62 | -0.333% |
| S3 | 25.59 | -0.467% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.91 | 0.778% |
| R2 | 25.86 | 0.583% |
| R1 | 25.75 | 0.155% |
| Price | 25.71 | |
| S1 | 25.60 | -0.427% |
| S2 | 25.58 | -0.506% |
| S3 | 25.45 | -1.01% |
GAINL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2024 | Jul 15, 2024 | Aug 01, 2024 | $0.500 | 1.94% |
| 2 | Apr 12, 2024 | Apr 12, 2024 | May 01, 2024 | $0.500 | 1.94% |
| 3 | Jan 11, 2024 | Jan 11, 2024 | Feb 01, 2024 | $0.500 | 1.96% |
| 4 | Oct 12, 2023 | Oct 12, 2023 | Nov 01, 2023 | $0.500 | 1.99% |
| 5 | Aug 05, 2023 | Jul 13, 2023 | Aug 01, 2023 | $0.500 | 1.99% |
FAQ
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