The Gabelli Dividend & Income Trust Trust Forecast
The Gabelli Dividend & Income Trust trust downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The The Gabelli Dividend & Income Trust trust price fell by -0.279% on the last day (Friday, 28th Jun 2024) from $18.28 to $18.23. During the last trading day the trust fluctuated 0.280% from a day low at $18.23 to a day high of $18.28. The price has fallen in 7 of the last 10 days and is down by -2.31% for this period. 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 -19 thousand shares and in total, 3 thousand shares were bought and sold for approximately $52.70 thousand.
The trust 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 trust is expected to fall -4.88% during the next 3 months and, with a 90% probability hold a price between $16.71 and $17.60 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 few to no technical positive signals at the moment. 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 $18.30 and $18.45. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -2.31%. 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). 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.
Support, Risk & Stop-loss for The Gabelli Dividend & Income Trust trust
There is no support from accumulated volume below today's level and given the right condition the trust may perform very badly in the next couple of days.
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 $0.0510 between high and low, or 0.280%. For the last week the trust has had daily average volatility of 0.588%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GDV-PK) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect The Gabelli Dividend & Income Trust to open at $18.25, and during the day (based on 14 day Average True Range), to move between $18.10 and $18.36, which gives a possible trading interval of +/-$0.129 (+/-0.71%) 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 1.42% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $18.37, some $0.141 (0.77%) from the current price of $18.23, our system finds the risk reward not very attractive.
Is The Gabelli Dividend & Income Trust trust A Buy?
The Gabelli Dividend & Income Trust 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 trust. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this trust since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.409 Sell Candidate Downgraded
Predicted Opening Price for The Gabelli Dividend & Income Trust of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $18.25 ( 0.0933%) | $18.23 |
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 | 18.30 | 0.373% |
| R2 | 18.28 | 0.266% |
| R1 | 18.27 | 0.200% |
| Price | 18.23 | |
| S1 | 18.23 | -0.0136% |
| S2 | 18.21 | -0.0796% |
| S3 | 18.20 | -0.187% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.81 | 3.19% |
| R2 | 18.43 | 1.10% |
| R1 | 18.37 | 0.773% |
| Price | 18.23 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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