Global Dividend Growth Split Corp. Class Stock Forecast
Red day on Monday for Global Dividend Growth Split Corp. Class stock after losing 0%
(Updated on Jun 17, 2024)
No changes to the price of Global Dividend Growth Split Corp. Class stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $9.96 to a day high of $9.96. The price has risen in 5 of the last 10 days and is up by 0.91% over the past 2 weeks.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Global Dividend Growth Split Corp. Class stock with a 90% probability to be traded between $9.60 and $10.08 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.TO Signals & Forecast
The Global Dividend Growth Split Corp. Class stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $9.96 and $9.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 1.01%. 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. 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.
A buy signal from a double bottom formation was found on Wednesday, May 01, 2024 and based on theory for this formation the price should go up by 0.95% to $10.06 within 8 trading days since signal was issued (Tuesday, June 18, 2024).
Support, Risk & Stop-loss for Global Dividend Growth Split Corp. Class stock
Global Dividend Growth Split Corp. Class finds support from accumulated volume at $9.94 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 0.83%
Our recommended stop-loss: $9.35 (-6.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (GDV.TO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Global Dividend Growth Split Corp. Class A to open at $9.96, and during the day (based on 14 day Average True Range), to move between $9.86 and $10.06, which gives a possible trading interval of +/-$0.0966 (+/-0.97%) up or down from last closing price. If Global Dividend Growth Split Corp. Class A takes out the full calculated possible swing range there will be an estimated 1.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.97 (0.10%) than the support at $9.94 (0.20%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Global Dividend Growth Split Corp. Class A stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Global Dividend Growth Split Corp. Class stock to perform well in the short-term period.
Current score: 1.190 Buy Candidate Unchanged
Predicted Opening Price for Global Dividend Growth Split Corp. Class A of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $9.96 ( 0%) | $9.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GDV.TO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.96 | - |
| R2 | 9.96 | - |
| R1 | 9.96 | - |
| Price | 9.96 | |
| S1 | 9.96 | - |
| S2 | 9.96 | - |
| S3 | 9.96 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10.03 | 0.703% |
| R2 | 10.02 | 0.602% |
| R1 | 9.97 | 0.100% |
| Price | 9.96 | |
| S1 | 9.94 | -0.201% |
| S2 | 9.93 | -0.301% |
| S3 | 9.87 | -0.90% |
GDV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 14, 2024 | $0.100 | 1.01% |
| 2 | Mar 27, 2024 | Mar 27, 2024 | Apr 12, 2024 | $0.100 | 1.01% |
| 3 | Feb 28, 2024 | Feb 28, 2024 | Mar 14, 2024 | $0.100 | 1.01% |
| 4 | Jan 30, 2024 | Jan 30, 2024 | Feb 14, 2024 | $0.100 | 1.08% |
| 5 | Nov 29, 2023 | Nov 29, 2023 | Nov 29, 2023 | $0.100 | 1.16% |
FAQ
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