Gladstone Commercial Corporation Stock Forecast
Red day on Tuesday for Gladstone Commercial Corporation
(Updated on Mar 28, 2023)
The Gladstone Commercial Corporation stock price fell by -0.99% on the last day (Tuesday, 28th Mar 2023) from $12.17 to $12.05. During the last trading day the stock fluctuated 1.83% from a day low at $11.99 to a day high of $12.20. The price has fallen in 7 of the last 10 days and is down by -3.29% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -44 thousand shares and in total, 179 thousand shares were bought and sold for approximately $2.15 million.
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The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -35.57% during the next 3 months and, with a 90% probability hold a price between $6.96 and $8.51 at the end of this 3-month period. 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.
GOOD Signals & Forecast
There are mixed signals in the stock today. The Gladstone Commercial Corporation 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 $12.14 and $13.98. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, March 17, 2023, and so far it has risen 3.34%. 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).
Support, Risk & Stop-loss for Gladstone Commercial Corporation stock
Gladstone Commercial Corporation finds support from accumulated volume at $11.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.220 between high and low, or 1.83%. For the last week, the stock has had daily average volatility of 3.38%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GOOD) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Gladstone Commercial Corporation to open at $12.08, and during the day (based on 14 day Average True Range), to move between $11.57 and $12.53, which gives a possible trading interval of +/-$0.477 (+/-3.96%) up or down from last closing price. If Gladstone Commercial Corporation takes out the full calculated possible swing range there will be an estimated 7.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $11.99 (0.50%) than the resistance at $13.32 (10.54%), 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 Commercial Corporation stock A Buy?
Gladstone Commercial Corporation 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.
Current score: -2.003 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Gladstone Commercial Corporation of Wednesday, March 29, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price March 29, 2023 | Current price |
|---|---|
| $12.08 | $12.05 (Undervalued) |
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Trading levels for GOOD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.30 | 2.07 % | |
| R2 | 12.22 | 1.37 % | ||
| R1 | 12.16 | 0.94 % | ||
| Current price: | 12.05 | |||
| Support | S1 | 12.00 | -0.448 % | |
| S2 | 11.94 | -0.88 % | ||
| S3 | 11.86 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.84 | 23.15 % | |
| R2 | 13.68 | 13.53 % | ||
| R1 | 13.32 | 10.54 % | ||
| Current price | 12.05 | |||
| Support | S1 | 11.99 | -0.498% | |
| S2 | 11.82 | -1.91% | ||
| S3 | 11.66 | -3.24% |
FAQ
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About Gladstone Commercial Corporation
Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through September 2020, Gladstone Commercial has paid 189 consecutive monthly cash distributions on its common stock. Prior to paying distributions on a monthly basis, Gladstone Commercial paid five consecutive quarterly cash distributions. The compa... GOOD Profile
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