Goodfellow Inc. Stock Forecast
Red day on Monday for Goodfellow Inc. stock after losing 0%
(Updated on Jun 24, 2024)
No changes to the price of Goodfellow Inc. stock on the last trading day (Monday, 24th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $14.20 to a day high of $14.20. The price has been going up and down for this period, and there has been a -3.53% loss for the last 2 weeks.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.19% during the next 3 months and, with a 90% probability hold a price between $12.91 and $14.19 at the end of this 3-month period. 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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GDL.TO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 0.495%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Goodfellow Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $14.24 and $14.55. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, December 18, 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.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, December 18, 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.
Support, Risk & Stop-loss for Goodfellow Inc. stock
Goodfellow Inc. finds support from accumulated volume at $14.11 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.95%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GDL.TO) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Goodfellow Inc. to open at $14.20, and during the day (based on 14 day Average True Range), to move between $13.94 and $14.46, which gives a possible trading interval of +/-$0.262 (+/-1.85%) up or down from last closing price. If Goodfellow Inc. takes out the full calculated possible swing range there will be an estimated 3.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.11 (0.63%) than the resistance at $14.34 (0.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Goodfellow Inc. stock A Buy?
Goodfellow Inc. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.648 Sell Candidate Unchanged
Predicted Opening Price for Goodfellow Inc. of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| $14.20 ( 0.00000000%) | $14.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GDL.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.20 | 0.00000000% |
| R2 | 14.20 | 0.00000000% |
| R1 | 14.20 | 0.00000000% |
| Price | 14.20 | |
| S1 | 14.20 | 0.00000000% |
| S2 | 14.20 | 0.00000000% |
| S3 | 14.20 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.52 | 2.25% |
| R2 | 14.45 | 1.76% |
| R1 | 14.34 | 0.99% |
| Price | 14.20 | |
| S1 | 14.11 | -0.634% |
| S2 | 14.08 | -0.85% |
| S3 | 13.95 | -1.76% |
GDL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 04, 2024 | Mar 04, 2024 | Mar 19, 2024 | $0.500 | 3.33% |
| 2 | Oct 18, 2023 | Oct 18, 2023 | Nov 02, 2023 | $0.500 | 3.52% |
| 3 | Feb 16, 2023 | Mar 01, 2023 | Mar 16, 2023 | $0.500 | 3.55% |
| 4 | Oct 13, 2022 | Oct 26, 2022 | Nov 10, 2022 | $0.500 | 4.02% |
| 5 | Mar 03, 2022 | Mar 03, 2022 | Mar 18, 2022 | $0.400 | 2.99% |
FAQ
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