Gamco Natural Resources, Gold & Income Trust Forecast
Red day on Tuesday for Gamco Natural Resources, Gold & Income
(Updated on Jun 25, 2024)
No changes to the price of Gamco Natural Resources, Gold & Income trust on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the trust fluctuated 0% from a day low at $21.87 to a day high of $21.87. The price has fallen in 5 of the last 10 days and is down by -1.34% for this period.
The trust is at the lower part of a narrow and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $21.81 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Gamco Natural Resources, Gold & Income trust with a 90% probability to be traded between $22.14 and $22.76 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 trusts seldom manage to go directly from the bottom of a trend up to the top. Trusts turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GNT-PA Signals & Forecast
The Gamco Natural Resources, Gold & Income trust 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 trust giving a positive forecast for the stock. On further gains, the trust will meet resistance from the short-term Moving Average at approximately $21.88. On a fall, the trust will find some support from the long-term average at approximately $21.87. 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. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.522%. 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. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Gamco Natural Resources, Gold & Income trust
Gamco Natural Resources, Gold & Income finds support from accumulated volume at $21.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the trust 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 trust During the last day, the trust moved $0 between high and low, or 0%. For the last week the trust has had daily average volatility of 0.191%
Our recommended stop-loss: $20.60 (-5.81%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (GNT-PA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Gamco Natural Resources, Gold & Income Trust to open at $21.87, and during the day (based on 14 day Average True Range), to move between $21.72 and $22.02, which gives a possible trading interval of +/-$0.150 (+/-0.68%) up or down from last closing price. If Gamco Natural Resources, Gold & Income Trust takes out the full calculated possible swing range there will be an estimated 1.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $21.90 (0.12%) than the support at $21.59 (1.30%), 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 Natural Resources, Gold & Income Trust trust A Buy?
Gamco Natural Resources, Gold & Income holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Gamco Natural Resources, Gold & Income Trust of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
$21.87 ( 0.00000000%) | $21.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GNT-PA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 21.87 | 0.00000000% |
R2 | 21.87 | 0.00000000% |
R1 | 21.87 | 0.00000000% |
Price | 21.87 | |
S1 | 21.87 | 0.00000000% |
S2 | 21.87 | 0.00000000% |
S3 | 21.87 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.17 | 1.36% |
R2 | 22.10 | 1.04% |
R1 | 21.90 | 0.121% |
Price | 21.87 | |
S1 | 21.59 | -1.30% |
S2 | 21.56 | -1.43% |
S3 | 21.41 | -2.12% |
GNT-PA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 18, 2024 | Mar 18, 2024 | Mar 26, 2024 | $0.325 | 1.44% |
2 | Dec 15, 2023 | Dec 15, 2023 | Dec 26, 2023 | $0.325 | 1.44% |
3 | Sep 18, 2023 | Sep 18, 2023 | Sep 26, 2023 | $0.325 | 1.47% |
4 | Jun 15, 2023 | Jun 15, 2023 | Jun 26, 2023 | $0.325 | 1.41% |
5 | Mar 17, 2023 | Mar 17, 2023 | Mar 27, 2023 | $0.325 | 1.45% |
FAQ
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