Gladstone Investment Corp 4.875% Notes Stock Forecast
Green day on Wednesday for Gladstone Investment Corp 4.875% Notes stock after gaining 0.0872%
(Updated on May 29, 2024)
The Gladstone Investment Corp 4.875% Notes stock price gained 0.0872% on the last trading day (Wednesday, 29th May 2024), rising from $22.93 to $22.95. During the last trading day the stock fluctuated 0.96% from a day low at $22.80 to a day high of $23.02. The price has been going up and down for this period, and there has been a 0.26% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately $118.70 thousand.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $23.05 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Gladstone Investment Corp 4.875% Notes stock with a 90% probability to be traded between $22.48 and $23.07 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GAINZ Signals & Forecast
The Gladstone Investment Corp 4.875% Notes 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 $22.95 and $22.75. 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). Gladstone Investment Corp 4.875% Notes has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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, May 21, 2024, and so far it has fallen -0.434%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, May 10, 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 Friday, May 10, 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.
A sell signal from a double top formation was found on Tuesday, May 21, 2024 and based on theory for this formation the price should fall by -2.32% to $22.42 within 31 trading days since signal was issued (Thursday, May 30, 2024).
Support, Risk & Stop-loss for Gladstone Investment Corp 4.875% Notes stock
Gladstone Investment Corp 4.875% Notes finds support from accumulated volume at $22.84 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 $0.220 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 0.428%.
Our recommended stop-loss: $22.08 (-3.80%) (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 (GAINZ) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Gladstone Investment Corporation 4.875% Notes due 2028 to open at $22.92, and during the day (based on 14 day Average True Range), to move between $22.83 and $23.07, which gives a possible trading interval of +/-$0.124 (+/-0.54%) up or down from last closing price. If Gladstone Investment Corporation 4.875% Notes due 2028 takes out the full calculated possible swing range there will be an estimated 1.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.96 (0.04%) than the support at $22.84 (0.48%), 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 Corporation 4.875% Notes due 2028 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 Gladstone Investment Corp 4.875% Notes stock to perform well in the short-term period.
Current score: 3.166 Buy Candidate Unchanged
Predicted Opening Price for Gladstone Investment Corporation 4.875% Notes due 2028 of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| $22.92 ( 0.117%) | $22.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAINZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.14 | 0.84 % | |
| R2 | 23.06 | 0.474 % | ||
| R1 | 23.01 | 0.248 % | ||
| Current price: | 22.95 | |||
| Support | S1 | 22.84 | -0.482 % | |
| S2 | 22.79 | -0.708 % | ||
| S3 | 22.70 | -1.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.04 | 0.378 % | |
| R2 | 22.99 | 0.174 % | ||
| R1 | 22.96 | 0.0436 % | ||
| Current price | 22.95 | |||
| Support | S1 | 22.84 | -0.482% | |
| S2 | 22.64 | -1.35% | ||
| S3 | 22.60 | -1.53% |
GAINZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 11, 2024 | Apr 12, 2024 | May 01, 2024 | $0.305 | 1.35% |
| 2 | Feb 28, 2023 | Jan 11, 2024 | Feb 01, 2024 | $0.305 | 1.34% |
| 3 | Oct 12, 2023 | Oct 12, 2023 | Nov 01, 2023 | $0.305 | 1.34% |
| 4 | Aug 07, 2023 | Jul 13, 2023 | Aug 01, 2023 | $0.305 | 1.33% |
| 5 | Jul 12, 2023 | Apr 13, 2023 | May 01, 2023 | $0.305 | 1.30% |
FAQ
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