Gladstone Commercial Corporation Stock Forecast
Red day on Tuesday for Gladstone Commercial Corporation stock after losing 0.647%
(Updated on Jun 25, 2024)
The Gladstone Commercial Corporation stock price fell by -0.647% on the last day (Tuesday, 25th Jun 2024) from $13.92 to $13.83. During the last trading day the stock fluctuated 1.24% from a day low at $13.71 to a day high of $13.88. The price has fallen in 6 of the last 10 days and is down by -3.22% 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 -19 thousand shares and in total, 256 thousand shares were bought and sold for approximately $3.54 million.
Given the current short-term trend, the stock is expected to rise 8.32% during the next 3 months and, with a 90% probability hold a price between $14.98 and $16.82 at the end of this 3-month period.
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GOOD Signals & Forecast
There are few to no technical positive signals at the moment. 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 $13.98 and $14.32. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -7.86%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Gladstone Commercial Corporation stock
Gladstone Commercial Corporation finds support from accumulated volume at $13.37 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 $0.170 between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.69%.
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 26th
For the upcoming trading day on Wednesday, 26th we expect Gladstone Commercial Corporation to open at $13.81, and during the day (based on 14 day Average True Range), to move between $13.59 and $14.07, which gives a possible trading interval of +/-$0.239 (+/-1.73%) up or down from last closing price. If Gladstone Commercial Corporation takes out the full calculated possible swing range there will be an estimated 3.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $13.88 (0.36%) than the support at $13.37 (3.33%), 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 Gladstone Commercial Corporation stock A Buy?
The Gladstone Commercial Corporation stock holds several negative signals and despite the positive trend, we believe Gladstone Commercial Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.753 Sell Candidate Unchanged
Predicted Opening Price for Gladstone Commercial Corporation of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $13.81 ( 0.169%) | $13.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOOD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.98 | 1.06% |
| R2 | 13.91 | 0.591% |
| R1 | 13.87 | 0.301% |
| Price | 13.83 | |
| S1 | 13.74 | -0.638% |
| S2 | 13.70 | -0.93% |
| S3 | 13.64 | -1.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.40 | 4.12% |
| R2 | 14.09 | 1.88% |
| R1 | 13.88 | 0.362% |
| Price | 13.83 | |
| S1 | 13.37 | -3.33% |
| S2 | 13.15 | -4.92% |
| S3 | 13.13 | -5.06% |
GOOD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Jun 18, 2024 | Jun 28, 2024 | $0.100 | 0.723% |
| 2 | Apr 09, 2024 | May 16, 2024 | May 31, 2024 | $0.100 | 0.695% |
| 3 | Apr 09, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.100 | 0.748% |
| 4 | Jan 09, 2024 | Mar 20, 2024 | Mar 29, 2024 | $0.100 | 0.723% |
| 5 | Jan 09, 2024 | Feb 20, 2024 | Feb 29, 2024 | $0.100 | 0.81% |
FAQ
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