Golub Capital BDC Stock Forecast

GBDC Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, November 21, 2023, and so far it has fallen -1.78%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Golub Capital BDC stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $15.02. On a fall, the stock will find some support from the long-term average at approximately $14.69. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. 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.

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Support, Risk & Stop-loss for Golub Capital BDC stock

Golub Capital BDC finds support from accumulated volume at $14.75 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 $0.110 between high and low, or 0.741%. For the last week the stock has had daily average volatility of 0.97%.

Our recommended stop-loss: $14.37 (-3.78%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (GBDC) For The Upcoming Trading Day Of Monday 4th

For the upcoming trading day on Monday, 4th we expect Golub Capital BDC to open at $14.91, and during the day (based on 14 day Average True Range), to move between $14.75 and $15.11, which gives a possible trading interval of +/-$0.175 (+/-1.17%) up or down from last closing price. If Golub Capital BDC takes out the full calculated possible swing range there will be an estimated 2.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $15.01 (0.54%) than the support at $14.75 (1.21%), 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 Golub Capital BDC stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.027 Open Broker Account

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