Great Elm Capital Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Great Elm Capital Corp stock price ended at $10.25 on Thursday, after losing 1.09%.
(Updated on May 02, 2024)
The Great Elm Capital Corp stock price fell by -1.09% on the last day (Thursday, 2nd May 2024) from $10.36 to $10.25. During the last trading day the stock fluctuated 2.66% from a day low at $10.15 to a day high of $10.42. The price has been going up and down for this period, and there has been a 0.1% gain for the last 2 weeks. Volume has increased on the last day by 16 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, 19 thousand shares were bought and sold for approximately $197.96 thousand.
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 -2.85% during the next 3 months and, with a 90% probability hold a price between $9.73 and $10.62 at the end of this 3-month period.
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GECC Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.69%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Great Elm Capital Corp 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 $10.31 and $10.45. A break-up above any of these levels will issue buy signals. Great Elm Capital Corp gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Great Elm Capital Corp stock
Great Elm Capital Corp finds support from accumulated volume at $10.24 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 $0.270 (2.66%) between high and low. For the last week, the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GECC) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Great Elm Capital Corp to open at $10.27, and during the day (based on 14 day Average True Range), to move between $9.90 and $10.60, which gives a possible trading interval of +/-$0.353 (+/-3.45%) up or down from last closing price. If Great Elm Capital Corp takes out the full calculated possible swing range there will be an estimated 6.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $10.24 (0.10%) than the resistance at $10.45 (1.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Great Elm Capital Corp stock A Buy?
Great Elm Capital Corp 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: -2.134 Sell Candidate Unchanged
Predicted Opening Price for Great Elm Capital Corp of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$10.27 ( 0.228%) | $10.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GECC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.54 | 2.86 % | |
R2 | 10.44 | 1.86 % | ||
R1 | 10.38 | 1.23 % | ||
Current price: | 10.25 | |||
Support | S1 | 10.17 | -0.779 % | |
S2 | 10.11 | -1.40 % | ||
S3 | 10.00 | -2.41 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.70 | 4.39 % | |
R2 | 10.56 | 3.02 % | ||
R1 | 10.45 | 1.95 % | ||
Current price | 10.25 | |||
Support | S1 | 10.24 | -0.0976% | |
S2 | 10.16 | -0.93% | ||
S3 | 10.08 | -1.66% |
GECC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Mar 15, 2024 | Mar 29, 2024 | $0.350 | 3.16% |
2 | Feb 29, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.350 | 3.16% |
3 | Dec 12, 2023 | Dec 28, 2023 | Jan 12, 2024 | $0.100 | 0.91% |
4 | Nov 02, 2023 | Dec 14, 2023 | Dec 29, 2023 | $0.350 | 3.29% |
5 | Aug 03, 2023 | Sep 14, 2023 | Sep 29, 2023 | $0.350 | 3.55% |
FAQ
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