Great Elm Group, Inc. 7.25% Notes Due Stock Forecast
Weaker technical forecast for Great Elm Group, Inc. 7.25% Notes Due as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Great Elm Group, Inc. 7.25% Notes Due stock price fell by -1.54% on the last day (Friday, 28th Jun 2024) from $22.75 to $22.40. During the last trading day the stock fluctuated 0.671% from a day low at $22.35 to a day high of $22.50. The price has fallen in 5 of the last 10 days and is down by -1.97% for this period. Volume has increased on the last day by 90 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, 462 shares were bought and sold for approximately $10.35 thousand.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $22.54. A reaction back to this level may hold a second chance to get out before further falls.
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GEGGL Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 0.674%. 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 Group, Inc. 7.25% 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 $22.57 and $22.62. 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). Great Elm Group, Inc. 7.25% Notes Due 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". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, April 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, February 05, 2024.
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
The stock had a Golden Star Signal on Thursday, April 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, February 05, 2024.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 Thursday, April 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Monday, February 05, 2024.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 Group, Inc. 7.25% Notes Due stock
Great Elm Group, Inc. 7.25% Notes Due finds support from accumulated volume at $22.31 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.150 between high and low, or 0.671%. For the last week the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: $21.24 (-5.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (GEGGL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Great Elm Group, Inc. 7.25% Notes Due 2027 to open at $22.42, and during the day (based on 14 day Average True Range), to move between $22.04 and $22.76, which gives a possible trading interval of +/-$0.356 (+/-1.59%) up or down from last closing price. If Great Elm Group, Inc. 7.25% Notes Due 2027 takes out the full calculated possible swing range there will be an estimated 3.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $22.31 (0.40%) than the resistance at $22.50 (0.45%), 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 Group, Inc. 7.25% Notes Due 2027 stock A Buy?
Great Elm Group, Inc. 7.25% 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.277 Hold/Accumulate Downgraded
Predicted Opening Price for Great Elm Group, Inc. 7.25% Notes Due 2027 of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$22.42 ( 0.0744%) | $22.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GEGGL
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.57 | 0.744% |
R2 | 22.51 | 0.488% |
R1 | 22.47 | 0.330% |
Price | 22.40 | |
S1 | 22.36 | -0.181% |
S2 | 22.32 | -0.339% |
S3 | 22.27 | -0.595% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.91 | 2.28% |
R2 | 22.66 | 1.16% |
R1 | 22.50 | 0.446% |
Price | 22.40 | |
S1 | 22.31 | -0.402% |
S2 | 22.27 | -0.580% |
S3 | 22.25 | -0.670% |
GEGGL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 14, 2024 | Jun 14, 2024 | Jun 30, 2024 | $0.448 | 2.00% |
2 | Mar 11, 2024 | Mar 14, 2024 | Mar 31, 2024 | $0.453 | 2.07% |
3 | Dec 14, 2023 | Dec 14, 2023 | Dec 31, 2023 | $0.458 | 2.18% |
4 | Sep 14, 2023 | Sep 14, 2023 | Sep 30, 2023 | $0.453 | 2.10% |
5 | Jun 14, 2023 | Jun 14, 2023 | Jun 30, 2023 | $0.448 | 2.08% |
FAQ
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