The Gdl Fund Trust Forecast

The Gdl Fund trust upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)

GDL-PC Signals & Forecast

The The Gdl Fund trust holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the trust has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $49.31 and $49.46. A breakdown below any of these levels will issue sell signals. 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 Thursday, June 27, 2024, and so far it has fallen -0.0606%. 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). The Gdl Fund gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The trust had a Golden Star Signal on Tuesday, May 21, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, November 02, 2023.

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 trust in question.

Support, Risk & Stop-loss for The Gdl Fund trust

The Gdl Fund finds support from accumulated volume at $49.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.0500 between high and low, or 0.101%. For the last week the trust has had daily average volatility of 0.0973%.

Our recommended stop-loss: $47.91 (-3.14%) (This trust has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (GDL-PC) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect The Gdl Fund to open at $49.44, and during the day (based on 14 day Average True Range), to move between $49.30 and $49.62, which gives a possible trading interval of +/-$0.163 (+/-0.33%) up or down from last closing price. If The Gdl Fund takes out the full calculated possible swing range there will be an estimated 0.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $49.45 (0.02%) than the resistance at $49.58 (0.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is The Gdl Fund trust A Buy?

The Gdl Fund 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. We have upgraded our analysis conclusion for this trust since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for The Gdl Fund of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.