RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GF
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Green day on Thursday for New Germany Fund Inc (The) stock after gaining 0.346%
(Updated on Mar 28, 2024)

Buy candidate since Mar 26, 2024 Gain 1.16% PDF

The New Germany Fund Inc (The) stock price gained 0.346% on the last trading day (Thursday, 28th Mar 2024), rising from $8.68 to $8.71. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.577% from a day low at $8.66 to a day high of $8.71. The price has risen in 7 of the last 10 days and is up by 2.71% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 313 more shares were traded than the day before. In total, 52 thousand shares were bought and sold for approximately $454.99 thousand.

The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect New Germany Fund Inc (The) stock with a 90% probability to be traded between $8.45 and $8.99 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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GF Signals & Forecast

The New Germany Fund Inc (The) 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 $8.59 and $8.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, January 17, 2024, and so far it has risen 5.83%. Further rise is indicated until a new top pivot has been found. New Germany Fund Inc (The) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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).

Support, Risk & Stop-loss for New Germany Fund Inc (The) stock

New Germany Fund Inc (The) finds support from accumulated volume at $8.49 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 $0.0500 between high and low, or 0.577%. For the last week the stock has had daily average volatility of 0.586%.

Our recommended stop-loss: $8.39 (-3.64%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 50 days ago.)

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

For the upcoming trading day on Monday, 1st we expect New Germany Fund Inc (The) to open at $8.69, and during the day (based on 14 day Average True Range), to move between $8.63 and $8.79, which gives a possible trading interval of +/-$0.0815 (+/-0.94%) up or down from last closing price. If New Germany Fund Inc (The) takes out the full calculated possible swing range there will be an estimated 1.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.74 (0.34%) than the support at $8.49 (2.53%), 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 New Germany Fund Inc (The) 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 New Germany Fund Inc (The) stock to perform well in the short-term period.

Current score: 4.056 Buy Candidate Unchanged

Predicted Opening Price for New Germany Fund Inc (The) of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$8.69 ( 0.191%) $8.71

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

Trading levels for GF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 8.74 0.383 %
R2 8.72 0.163 %
R1 8.71 0.0279 %
Current price: 8.71
Support S1 8.67 -0.411 %
S2 8.66 -0.546 %
S3 8.64 -0.765 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 8.74 0.344 %
Current price 8.71
Support S1 8.49 -2.53%
S2 8.48 -2.64%
S3 8.44 -3.10%

GF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Dec 28, 2023 Dec 28, 2023 Jan 26, 2024 $0.0272 0.324%
2 May 05, 2023 May 12, 2023 May 31, 2023 $0.0140 0.164%
3 Dec 20, 2022 Dec 29, 2022 Jan 30, 2019 $0.0430 0.318%
4 May 10, 2022 May 13, 2022 Jun 24, 2022 $0.725 8.26%
5 Dec 23, 2021 Dec 29, 2021 Jan 28, 2022 $4.92 37.46%

FAQ

What is the symbol for New Germany Fund Inc (The) Stock and on which exchange is it traded?
The symbol for New Germany Fund Inc (The) is GF and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell New Germany Fund Inc (The) Stock?
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 New Germany Fund Inc (The) stock to perform well in the short-term period.

How to buy New Germany Fund Inc (The) Stock?
New Germany Fund Inc (The) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy New Germany Fund Inc (The) Stock.

What's the current price of New Germany Fund Inc (The) Stock?
As of the end of day on the 2024-03-28, the price of an New Germany Fund Inc (The) (GF) share was $8.71.

What is the 52-week high and low for New Germany Fund Inc (The) Stock?
The 52-week high for New Germany Fund Inc (The) Stock is $9.42 and the 52-week low is $7.38.

What is the market capitalization of New Germany Fund Inc (The) Stock?
As of the 2024-03-28, the market capitalization of New Germany Fund Inc (The) is 149.271M.
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About New Germany Fund Inc (The)

The New Germany Fund Inc. is a closed ended equity mutual fund launched by Deutsche Investment Management Americas Inc. The fund is managed by Deutsche Asset Management International GmbH. It invests in the public equity markets of Germany. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in stocks of small and mid cap companies. The fund benchmarks the performance of its portfolio against... GF Profile

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