Gladstone Capital Corp 7.75% Notes Due Stock Forecast
Gladstone Capital Corp 7.75% Notes Due stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 18, 2024)
The Gladstone Capital Corp 7.75% Notes Due stock price fell by -0.257% on the last day (Tuesday, 18th Jun 2024) from $25.31 to $25.25. During the last trading day the stock fluctuated 0.358% from a day low at $25.16 to a day high of $25.25. The price has been going up and down for this period, and there has been a 0.06% gain for the last 2 weeks. Volume has increased on the last day by 2 thousand 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, 3 thousand shares were bought and sold for approximately $70.18 thousand.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Gladstone Capital Corp 7.75% Notes Due stock with a 90% probability to be traded between $24.85 and $25.24 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GLADZ Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 0.179%. Further rise is indicated until a new top pivot has been found. 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. The Gladstone Capital Corp 7.75% 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 $25.29 and $25.30. A break-up above any of these levels will issue buy signals. Gladstone Capital Corp 7.75% 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 Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 05, 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 Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 05, 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 Tuesday, June 04, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Tuesday, December 05, 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.
A buy signal from a double bottom formation was found on Wednesday, May 29, 2024 and based on theory for this formation the price should go up by 0.88% to $25.47 within 30 trading days since signal was issued (Thursday, June 20, 2024).
Support, Risk & Stop-loss for Gladstone Capital Corp 7.75% Notes Due stock
Gladstone Capital Corp 7.75% Notes Due finds support from accumulated volume at $25.22 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 $0.0900 between high and low, or 0.358%. For the last week the stock has had daily average volatility of 0.597%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GLADZ) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Gladstone Capital Corporation 7.75% Notes Due 2028 to open at $25.22, and during the day (based on 14 day Average True Range), to move between $25.13 and $25.36, which gives a possible trading interval of +/-$0.119 (+/-0.47%) up or down from last closing price. If Gladstone Capital Corporation 7.75% Notes Due 2028 takes out the full calculated possible swing range there will be an estimated 0.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.22 (0.10%) than the resistance at $25.30 (0.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gladstone Capital Corporation 7.75% Notes Due 2028 stock A Buy?
Gladstone Capital Corp 7.75% Notes Due holds several negative signals and is within a narrow and falling trend, so we believe 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 Hold/Accumulate to a Sell candidate.
Current score: -1.938 Sell Candidate Downgraded
Predicted Opening Price for Gladstone Capital Corporation 7.75% Notes Due 2028 of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| $25.22 ( 0.106%) | $25.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLADZ
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.31 | 0.251% |
| R2 | 25.27 | 0.115% |
| R1 | 25.25 | 0.0306% |
| Price | 25.25 | |
| S1 | 25.18 | -0.242% |
| S2 | 25.16 | -0.326% |
| S3 | 25.13 | -0.462% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.47 | 0.89% |
| R2 | 25.44 | 0.772% |
| R1 | 25.30 | 0.218% |
| Price | 25.25 | |
| S1 | 25.22 | -0.0990% |
| S2 | 25.20 | -0.178% |
| S3 | 25.10 | -0.574% |
GLADZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 08, 2024 | Nov 15, 2024 | Dec 02, 2024 | $0.484 | 1.92% |
| 2 | Aug 15, 2024 | Aug 15, 2024 | Sep 02, 2024 | $0.484 | 1.92% |
| 3 | Feb 07, 2024 | May 14, 2024 | Jun 03, 2024 | $0.484 | 1.92% |
| 4 | Feb 14, 2024 | Feb 14, 2024 | Mar 01, 2024 | $0.484 | 1.92% |
| 5 | Nov 13, 2023 | Nov 14, 2023 | Dec 01, 2023 | $0.560 | 2.25% |
FAQ
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