Gabelli Dividend Stock Forecast
Gabelli Dividend stock downgraded to Hold/Accumulate
(Updated on Apr 25, 2024)
The Gabelli Dividend stock price fell by -0.99% on the last day (Thursday, 25th Apr 2024) from $22.16 to $21.94. During the last trading day the stock fluctuated 1.10% from a day low at $21.82 to a day high of $22.06. The price has fallen in 5 of the last 10 days and is down by -1.97% for this period. Volume has increased on the last day by 32 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 193 thousand shares were bought and sold for approximately $4.24 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Gabelli Dividend stock with a 90% probability to be traded between $21.91 and $23.51 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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GDV Signals & Forecast
There are mixed signals in the stock today. The Gabelli Dividend stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $22.35. On a fall, the stock will find some support from the short-term average at $21.85. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.14%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Gabelli Dividend stock
Gabelli Dividend finds support from accumulated volume at $21.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.240 (1.10%) between high and low. For the last week, the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: $20.90 (-4.75%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (GDV) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Gabelli Dividend to open at $21.94, and during the day (based on 14 day Average True Range), to move between $21.66 and $22.22, which gives a possible trading interval of +/-$0.283 (+/-1.29%) up or down from last closing price. If Gabelli Dividend takes out the full calculated possible swing range there will be an estimated 2.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.92 (0.09%) than the resistance at $22.18 (1.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gabelli Dividend stock A Buy?
Gabelli Dividend 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.345 Hold/Accumulate Downgraded
Predicted Opening Price for Gabelli Dividend of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$21.94 ( 0.00000000%) | $21.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GDV
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.18 | 1.09 % | |
R2 | 22.09 | 0.676 % | ||
R1 | 22.03 | 0.418 % | ||
Current price: | 21.94 | |||
Support | S1 | 21.85 | -0.418 % | |
S2 | 21.79 | -0.676 % | ||
S3 | 21.70 | -1.09 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.25 | 1.41 % | |
R2 | 22.22 | 1.28 % | ||
R1 | 22.18 | 1.09 % | ||
Current price | 21.94 | |||
Support | S1 | 21.92 | -0.0912% | |
S2 | 21.65 | -1.32% | ||
S3 | 21.48 | -2.10% |
GDV Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 20, 2024 | Jun 13, 2024 | Jun 21, 2024 | $0.110 | 0.502% |
2 | Feb 19, 2024 | May 15, 2024 | May 23, 2024 | $0.110 | 0.502% |
3 | Feb 14, 2024 | Apr 15, 2024 | Apr 23, 2024 | $0.110 | 0.495% |
4 | Nov 16, 2023 | Mar 13, 2024 | Mar 21, 2024 | $0.110 | 0.480% |
5 | Nov 16, 2023 | Feb 13, 2024 | Feb 22, 2024 | $0.110 | 0.493% |
FAQ
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