Gryphon Capital Income Trust Stock Forecast
Red day on Thursday for Gryphon Capital Income Trust
(Updated on Jun 27, 2024)
No changes to the price of Gryphon Capital Income Trust stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 0.495% from a day low at $2.02 to a day high of $2.03. The price has been going up and down for this period, and there has been a 0.5% gain for the last 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Gryphon Capital Income Trust stock with a 90% probability to be traded between $1.99 and $2.02 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GCI.AX Signals & Forecast
The Gryphon Capital Income Trust 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 $2.03. On a fall, the stock will find some support from the long-term average at approximately $2.03. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and 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 Wednesday, June 19, 2024, and so far it has fallen -0.490%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, June 14, 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, June 14, 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 buy signal from a double bottom formation was found on Tuesday, June 04, 2024 and based on theory for this formation the price should go up by 1.48% to $2.06 within 2 trading days since signal was issued (Thursday, June 06, 2024).
Support, Risk & Stop-loss for Gryphon Capital Income Trust stock
Gryphon Capital Income Trust finds support from accumulated volume at $2.02 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 $0.0100 between high and low, or 0.495%. For the last week the stock has had daily average volatility of 0.493%.
Our recommended stop-loss: $1.95 (-4.12%) (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 (GCI.AX) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Gryphon Capital Income Trust to open at $2.03, and during the day (based on 14 day Average True Range), to move between $2.02 and $2.04, which gives a possible trading interval of +/-$0.0123 (+/-0.60%) up or down from last closing price. If Gryphon Capital Income Trust takes out the full calculated possible swing range there will be an estimated 1.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.04 (0.25%) than the support at $2.02 (0.49%), 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 Gryphon Capital Income Trust stock A Buy?
Gryphon Capital Income Trust holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.677 Hold/Accumulate Unchanged
Predicted Opening Price for Gryphon Capital Income Trust of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| $2.03 ( 0.164%) | $2.03 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GCI.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.04 | 0.328% |
| R2 | 2.03 | 0.140% |
| R1 | 2.03 | 0.0240% |
| Price | 2.03 | |
| S1 | 2.02 | -0.352% |
| S2 | 2.02 | -0.469% |
| S3 | 2.02 | -0.657% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.05 | 0.99% |
| R2 | 2.04 | 0.493% |
| R1 | 2.04 | 0.246% |
| Price | 2.03 | |
| S1 | 2.02 | -0.493% |
| S2 | 0 | - |
| S3 | 0 | - |
GCI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 08, 2024 | $0.0146 | 0.716% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 09, 2024 | $0.0142 | 0.696% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Mar 08, 2024 | $0.0140 | 0.693% |
| 4 | Jan 30, 2024 | Jan 30, 2024 | Feb 08, 2024 | $0.0150 | 0.743% |
| 5 | Dec 28, 2023 | Dec 28, 2023 | Dec 28, 2023 | $0.0150 | 0.735% |
FAQ
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