Great Elm Capital Corp. 5.875% Notes Due Stock Forecast

Great Elm Capital Corp. 5.875% Notes Due stock price down 0% on Friday
(Updated on Jun 28, 2024)

GECCO Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.369%. 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. 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. 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 $24.50 and $24.54. 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 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. The stock had a Golden Star Signal on Thursday, August 10, 2023 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 0.349%

Our recommended stop-loss: $22.96 (-6.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)

Trading Expectations (GECCO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Great Elm Capital Corp. 5.875% Notes Due 2026 to open at $24.47, and during the day (based on 14 day Average True Range), to move between $24.28 and $24.66, which gives a possible trading interval of +/-$0.192 (+/-0.79%) 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 1.57% 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 (0.12%) than the support at $24.30 (0.69%), 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?

Great Elm Capital Corp. 5.875% Notes Due holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Great Elm Capital Corp. 5.875% Notes Due 2026 of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.