The Gabelli Dividend & Income Trust Trust Forecast
The Gabelli Dividend & Income Trust trust upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The The Gabelli Dividend & Income Trust trust price fell by -0.0818% on the last day (Tuesday, 25th Jun 2024) from $18.34 to $18.32. During the last trading day the trust fluctuated 0.554% from a day low at $18.32 to a day high of $18.42. The price has been going up and down for this period, and there has been a -0.53% loss for the last 2 weeks. Volume fell on the last day along with the trust, which is actually a good sign as volume should follow the trust. On the last day, the trading volume fell by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately $37.23 thousand.
The trust lies in the middle of a narrow and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the trust is expected to fall -5.57% during the next 3 months and, with a 90% probability hold a price between $16.91 and $17.62 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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GDV-PK Signals & Forecast
There are mixed signals in the trust today. The The Gabelli Dividend & Income Trust trust 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 $18.38 and $18.50. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this trust may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 0.494%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for The Gabelli Dividend & Income Trust trust
The Gabelli Dividend & Income Trust finds support from accumulated volume at $18.31 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 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 trust During the last day, the trust moved $0.101 between high and low, or 0.554%. For the last week the trust has had daily average volatility of 0.501%
Our recommended stop-loss: $17.22 (-6.03%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (GDV-PK) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect The Gabelli Dividend & Income Trust to open at $18.35, and during the day (based on 14 day Average True Range), to move between $18.19 and $18.45, which gives a possible trading interval of +/-$0.133 (+/-0.72%) up or down from last closing price. If The Gabelli Dividend & Income Trust takes out the full calculated possible swing range there will be an estimated 1.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.31 (0.05%) than the resistance at $18.37 (0.27%), 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 Gabelli Dividend & Income Trust trust A Buy?
The Gabelli Dividend & 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. We have upgraded our analysis conclusion for this trust since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.771 Hold/Accumulate Upgraded
Predicted Opening Price for The Gabelli Dividend & Income Trust of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $18.35 ( 0.179%) | $18.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GDV-PK
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.45 | 0.733% |
| R2 | 18.42 | 0.521% |
| R1 | 18.39 | 0.391% |
| Price | 18.32 | |
| S1 | 18.31 | -0.0320% |
| S2 | 18.29 | -0.163% |
| S3 | 18.25 | -0.374% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.81 | 2.67% |
| R2 | 18.43 | 0.600% |
| R1 | 18.37 | 0.273% |
| Price | 18.32 | |
| S1 | 18.31 | -0.0546% |
| S2 | 18.23 | -0.491% |
| S3 | 0 | - |
FAQ
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