Great Elm Capital Corp. 5.875% Notes Due Stock Forecast
Red day on Monday for Great Elm Capital Corp. 5.875% Notes Due stock after losing 0.285%
(Updated on Jun 24, 2024)
The Great Elm Capital Corp. 5.875% Notes Due stock price fell by -0.285% on the last day (Monday, 24th Jun 2024) from $24.55 to $24.48. During the last trading day the stock fluctuated 0% from a day low at $24.48 to a day high of $24.48. The price has fallen in 6 of the last 10 days and is down by -0.81% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -595 shares and in total, 105 shares were bought and sold for approximately $2.57 thousand.
The stock is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $24.40 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Great Elm Capital Corp. 5.875% Notes Due stock with a 90% probability to be traded between $24.63 and $25.12 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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GECCO Signals & Forecast
The Great Elm Capital Corp. 5.875% Notes Due stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $24.55 and $24.52. A break-up above any of these levels will issue buy signals. 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 stock 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.410%. Further rise is indicated until a new top pivot has been found. The stock had a Golden Star Signal on Friday, May 17, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, May 17, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Great Elm Capital Corp. 5.875% Notes Due stock
Great Elm Capital Corp. 5.875% Notes Due finds support from accumulated volume at $24.30 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 0.317%
Our recommended stop-loss: $23.01 (-6.02%) (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 (GECCO) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Great Elm Capital Corp. 5.875% Notes Due 2026 to open at $24.48, and during the day (based on 14 day Average True Range), to move between $24.26 and $24.70, which gives a possible trading interval of +/-$0.221 (+/-0.90%) up or down from last closing price. If Great Elm Capital Corp. 5.875% Notes Due 2026 takes out the full calculated possible swing range there will be an estimated 1.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $24.50 (0.08%) than the support at $24.30 (0.74%), 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 Great Elm Capital Corp. 5.875% Notes Due 2026 stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.198 Buy Candidate Unchanged
Predicted Opening Price for Great Elm Capital Corp. 5.875% Notes Due 2026 of Tuesday, June 25, 2024
Fair opening price June 25, 2024 | Current price |
---|---|
$24.48 ( 0%) | $24.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GECCO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.48 | - |
R2 | 24.48 | - |
R1 | 24.48 | - |
Price | 24.48 | |
S1 | 24.48 | - |
S2 | 24.48 | - |
S3 | 24.48 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 24.76 | 1.14% |
R2 | 24.60 | 0.490% |
R1 | 24.50 | 0.0817% |
Price | 24.48 | |
S1 | 24.30 | -0.735% |
S2 | 24.29 | -0.776% |
S3 | 24.20 | -1.14% |
GECCO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 30, 2024 | $0.363 | 1.48% |
2 | Mar 11, 2024 | Mar 14, 2024 | Mar 31, 2024 | $0.367 | 1.50% |
3 | Dec 14, 2023 | Dec 14, 2023 | Dec 31, 2023 | $0.371 | 1.50% |
4 | Sep 14, 2023 | Sep 14, 2023 | Sep 30, 2023 | $0.367 | 1.53% |
5 | Jun 14, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.363 | 1.52% |
FAQ
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