Gabelli Global Small and Mid Cap Value 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
Gabelli Global Small and Mid Cap Value stock downgraded from Buy Candidate to Sell Candidate after Monday trading session.
(Updated on May 20, 2024)
The Gabelli Global Small and Mid Cap Value stock price fell by -0.486% on the last day (Monday, 20th May 2024) from $11.93 to $11.87. During the last trading day the stock fluctuated 0.91% from a day low at $11.87 to a day high of $11.98. The price has risen in 7 of the last 10 days and is up by 1.73% over the past 2 weeks. Volume has increased on the last day by 970 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, 19 thousand shares were bought and sold for approximately $219.79 thousand.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $12.01 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Gabelli Global Small and Mid Cap Value stock with a 90% probability to be traded between $11.10 and $11.99 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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GGZ Signals & Forecast
The Gabelli Global Small and Mid Cap Value 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 $11.89. On a fall, the stock will find some support from the long-term average at approximately $11.59. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, May 15, 2024, and so far it has fallen -0.98%. Further fall is indicated until a new bottom pivot has been found. Gabelli Global Small and Mid Cap Value 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".
Support, Risk & Stop-loss for Gabelli Global Small and Mid Cap Value stock
Gabelli Global Small and Mid Cap Value finds support from accumulated volume at $11.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.108 (0.91%) between high and low. For the last week, the stock has had daily average volatility of 1.94%.
The Gabelli Global Small and Mid Cap Value stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GGZ) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Gabelli Global Small and Mid Cap Value Trust (The) to open at $11.91, and during the day (based on 14 day Average True Range), to move between $11.70 and $12.04, which gives a possible trading interval of +/-$0.172 (+/-1.45%) up or down from last closing price. If Gabelli Global Small and Mid Cap Value Trust (The) takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.88 (0.07%) than the support at $11.80 (0.62%), 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 Gabelli Global Small and Mid Cap Value Trust (The) stock A Buy?
Gabelli Global Small and Mid Cap Value holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -2.168 Sell Candidate Downgraded
Predicted Opening Price for Gabelli Global Small and Mid Cap Value Trust (The) of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
$11.91 ( 0.304%) | $11.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GGZ
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.02 | 1.22 % | |
R2 | 11.98 | 0.87 % | ||
R1 | 11.95 | 0.653 % | ||
Current price: | 11.87 | |||
Support | S1 | 11.87 | -0.0444 % | |
S2 | 11.84 | -0.260 % | ||
S3 | 11.80 | -0.608 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.93 | 0.489 % | |
R2 | 11.91 | 0.349 % | ||
R1 | 11.88 | 0.0674 % | ||
Current price | 11.87 | |||
Support | S1 | 11.80 | -0.621% | |
S2 | 11.72 | -1.28% | ||
S3 | 11.55 | -2.71% |
GGZ Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2024 | Jun 13, 2024 | Jun 21, 2024 | $0.160 | 1.35% |
2 | Mar 13, 2024 | Mar 13, 2024 | Mar 21, 2024 | $0.160 | 1.34% |
3 | Nov 16, 2023 | Dec 14, 2023 | Dec 22, 2023 | $0.160 | 1.37% |
4 | Aug 25, 2023 | Sep 14, 2023 | Sep 22, 2023 | $0.160 | 1.50% |
5 | May 18, 2023 | Jun 14, 2023 | Jun 23, 2023 | $0.160 | 1.38% |
FAQ
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