Gladstone Capital Corporation Stock Forecast
Stronger technical forecast for Gladstone Capital Corporation stock price after Tuesday trading.
(Updated on May 07, 2024)
The Gladstone Capital Corporation stock price gained 1.57% on the last trading day (Tuesday, 7th May 2024), rising from $21.71 to $22.05. It has now gained 3 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 1.75% from a day low at $21.71 to a day high of $22.09. The price has risen in 6 of the last 10 days and is up by 3.57% 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, 65 thousand more shares were traded than the day before. In total, 185 thousand shares were bought and sold for approximately $4.07 million.
The stock lies in the middle of a very wide and 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 137.84% during the next 3 months and, with a 90% probability hold a price between $36.93 and $62.32 at the end of this 3-month period.
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GLAD Signals & Forecast
The Gladstone Capital Corporation 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 $21.61 and $17.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 125.00%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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 Gladstone Capital Corporation stock
Gladstone Capital Corporation finds support from accumulated volume at $21.24 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 $0.381 (1.75%) between high and low. For the last week, the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: $21.27 (-3.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (GLAD) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Gladstone Capital Corporation to open at $21.95, and during the day (based on 14 day Average True Range), to move between $21.58 and $22.52, which gives a possible trading interval of +/-$0.469 (+/-2.13%) up or down from last closing price. If Gladstone Capital Corporation takes out the full calculated possible swing range there will be an estimated 4.25% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $21.24, some $0.81 (3.67%) from the current price of $22.05, our system finds the risk reward attractive.
Is Gladstone Capital Corporation stock A Buy?
Gladstone Capital Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.306 Strong Buy Candidate Upgraded
Predicted Opening Price for Gladstone Capital Corporation of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$21.95 ( 0.454%) | $22.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLAD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 22.33 | 1.27 % | |
R2 | 22.19 | 0.612 % | ||
R1 | 22.10 | 0.205 % | ||
Current price: | 22.05 | |||
Support | S1 | 21.80 | -1.11 % | |
S2 | 21.71 | -1.52 % | ||
S3 | 21.57 | -2.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 22.05 | |||
Support | S1 | 21.24 | -3.67% | |
S2 | 20.12 | -8.75% | ||
S3 | 19.86 | -9.93% |
GLAD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 18, 2024 | Jun 18, 2024 | Jun 28, 2024 | $0.165 | 0.749% |
2 | Apr 09, 2024 | May 16, 2024 | May 31, 2024 | $0.165 | 0.749% |
3 | Apr 09, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.170 | 0.794% |
4 | Jan 09, 2024 | Mar 20, 2024 | Mar 29, 2024 | $0.0825 | 0.384% |
5 | Jan 09, 2024 | Feb 20, 2024 | Feb 29, 2024 | $0.0825 | 0.406% |
FAQ
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