GAMCO Natural Resources Gold & Income Stock Forecast
Red day on Thursday for GAMCO Natural Resources Gold & Income
(Updated on May 02, 2024)
No changes to the price of GAMCO Natural Resources Gold & Income stock on the last trading day (Thursday, 2nd May 2024). During the last trading day the stock fluctuated 0.95% from a day low at $5.24 to a day high of $5.29. The price has risen in 5 of the last 10 days and is up by 0.59% over the past 2 weeks.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.20 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 10.36% during the next 3 months and, with a 90% probability hold a price between $5.74 and $6.10 at the end of this 3-month period.
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GNT Signals & Forecast
The GAMCO Natural Resources Gold & Income 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 $5.25 and $5.23. A breakdown below any of these levels will issue sell signals. 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 Thursday, April 11, 2024, and so far it has fallen -2.59%. 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 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".
Support, Risk & Stop-loss for GAMCO Natural Resources Gold & Income stock
GAMCO Natural Resources Gold & Income finds support from accumulated volume at $5.25 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 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 $0.0499 between high and low, or 0.95%. For the last week the stock has had daily average volatility of 1.11%
Our recommended stop-loss: $5.03 (-4.42%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (GNT) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect GAMCO Natural Resources Gold & Income Tust to open at $5.26, and during the day (based on 14 day Average True Range), to move between $5.19 and $5.33, which gives a possible trading interval of +/-$0.0658 (+/-1.25%) up or down from last closing price. If GAMCO Natural Resources Gold & Income Tust takes out the full calculated possible swing range there will be an estimated 2.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.25 (0.19%) than the resistance at $5.29 (0.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GAMCO Natural Resources Gold & Income Tust 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 Natural Resources Gold & Income stock to perform well in the short-term.
Current score: 2.412 Buy Candidate Unchanged
Predicted Opening Price for GAMCO Natural Resources Gold & Income Tust of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $5.26 ( 0.0640%) | $5.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GNT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.31 | 1.01 % | |
| R2 | 5.29 | 0.650 % | ||
| R1 | 5.28 | 0.426 % | ||
| Current price: | 5.26 | |||
| Support | S1 | 5.24 | -0.298 % | |
| S2 | 5.23 | -0.522 % | ||
| S3 | 5.21 | -0.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.37 | 2.09 % | |
| R2 | 5.36 | 1.90 % | ||
| R1 | 5.29 | 0.570 % | ||
| Current price | 5.26 | |||
| Support | S1 | 5.25 | -0.190% | |
| S2 | 4.94 | -6.08% | ||
| S3 | 4.89 | -7.03% |
GNT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Jun 13, 2024 | Jun 21, 2024 | $0.0300 | 0.570% |
| 2 | Feb 16, 2024 | May 15, 2024 | May 23, 2024 | $0.0300 | 0.570% |
| 3 | Feb 14, 2024 | Apr 15, 2024 | Apr 23, 2024 | $0.0300 | 0.571% |
| 4 | Nov 21, 2023 | Mar 13, 2024 | Mar 21, 2024 | $0.0300 | 0.586% |
| 5 | Nov 20, 2023 | Feb 13, 2024 | Feb 22, 2024 | $0.0300 | 0.615% |
FAQ
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