GAMCO Global Gold, Natural Resources & 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
Red day on Monday for GAMCO Global Gold, Natural Resources &
(Updated on Apr 29, 2024)
The GAMCO Global Gold, Natural Resources & stock price fell by -0.735% on the last day (Monday, 29th Apr 2024) from $4.08 to $4.05. During the last trading day the stock fluctuated 1.49% from a day low at $4.04 to a day high of $4.10. The price has fallen in 5 of the last 10 days and is down by -0.49% 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 -36 thousand shares and in total, 345 thousand shares were bought and sold for approximately $1.40 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.76% during the next 3 months and, with a 90% probability hold a price between $4.39 and $4.69 at the end of this 3-month period.
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GGN Signals & Forecast
The GAMCO Global Gold, Natural Resources & stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $4.05. On a fall, the stock will find some support from the long-term average at approximately $3.95. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -2.64%. Further fall is indicated until a new bottom pivot has been found. 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 stock had a Golden Star Signal on Friday, March 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 12, 2023.
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 Friday, March 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 12, 2023.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, March 01, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 12, 2023.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 GAMCO Global Gold, Natural Resources & stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.84 and $3.76. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, GAMCO Global Gold, Natural Resources & finds support just below today's level at $3.84. If this is broken, then the next support from accumulated volume will be at $3.76 and $3.75.
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 $0.0600 between high and low, or 1.49%. For the last week the stock has had daily average volatility of 1.49%
Our recommended stop-loss: $3.87 (-4.56%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (GGN) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect GAMCO Global Gold, Natural Resources & Income Trust to open at $4.06, and during the day (based on 14 day Average True Range), to move between $3.99 and $4.11, which gives a possible trading interval of +/-$0.0633 (+/-1.56%) up or down from last closing price. If GAMCO Global Gold, Natural Resources & Income Trust takes out the full calculated possible swing range there will be an estimated 3.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $4.07 (0.49%) than the support at $3.84 (5.19%), 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 GAMCO Global Gold, Natural Resources & Income Trust stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for GAMCO Global Gold, Natural Resources & stock to perform well in the short-term.
Current score: 1.213 Buy Candidate Unchanged
Predicted Opening Price for GAMCO Global Gold, Natural Resources & Income Trust of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $4.06 ( 0.329%) | $4.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GGN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.12 | 1.81 % | |
| R2 | 4.10 | 1.24 % | ||
| R1 | 4.09 | 0.90 % | ||
| Current price: | 4.05 | |||
| Support | S1 | 4.04 | -0.237 % | |
| S2 | 4.03 | -0.586 % | ||
| S3 | 4.00 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.16 | 2.72 % | |
| R2 | 4.08 | 0.741 % | ||
| R1 | 4.07 | 0.494 % | ||
| Current price | 4.05 | |||
| Support | S1 | 3.84 | -5.19% | |
| S2 | 3.76 | -7.16% | ||
| S3 | 3.75 | -7.41% |
GGN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 13, 2024 | Jun 13, 2024 | Jun 21, 2024 | $0.0300 | 0.741% |
| 2 | May 15, 2024 | May 15, 2024 | May 23, 2024 | $0.0300 | 0.741% |
| 3 | Apr 15, 2024 | Apr 15, 2024 | Apr 23, 2024 | $0.0300 | 0.743% |
| 4 | Nov 16, 2023 | Mar 13, 2024 | Mar 21, 2024 | $0.0300 | 0.779% |
| 5 | Nov 16, 2023 | Feb 13, 2024 | Feb 22, 2024 | $0.0300 | 0.81% |
FAQ
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