Gladstone Commercial Corp Stock Forecast
Green day on Thursday for Gladstone Commercial Corp stock after gaining 0.86%
(Updated on Mar 28, 2024)
The Gladstone Commercial Corp stock price gained 0.86% on the last trading day (Thursday, 28th Mar 2024), rising from $23.30 to $23.50. During the last trading day the stock fluctuated 2.71% from a day low at $22.88 to a day high of $23.50. The price has risen in 6 of the last 10 days but is still down by -0.04% for this period. Volume fell on the last day by -515 shares and in total, 1 thousand shares were bought and sold for approximately $31.00 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 $23.16 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 14.86% during the next 3 months and, with a 90% probability hold a price between $26.61 and $29.07 at the end of this 3-month period.
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GOODN Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, March 08, 2024, and so far it has fallen -4.32%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Gladstone Commercial Corp 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 $23.31 and $23.04. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Gladstone Commercial Corp stock
Gladstone Commercial Corp finds support from accumulated volume at $23.32 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 $0.620 between high and low, or 2.71%. For the last week the stock has had daily average volatility of 1.73%
Our recommended stop-loss: $22.48 (-4.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (GOODN) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Gladstone Commercial Corp to open at $23.29, and during the day (based on 14 day Average True Range), to move between $23.06 and $23.94, which gives a possible trading interval of +/-$0.444 (+/-1.89%) up or down from last closing price. If Gladstone Commercial Corp takes out the full calculated possible swing range there will be an estimated 3.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $23.32 (0.77%) than the resistance at $23.93 (1.83%), 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 Corp 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 Gladstone Commercial Corp stock to perform well in the short-term.
Current score: 2.760 Buy Candidate Unchanged
Predicted Opening Price for Gladstone Commercial Corp of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$23.29 ( 0.88%) | $23.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOODN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.91 | 1.76 % | |
R2 | 23.68 | 0.751 % | ||
R1 | 23.53 | 0.128 % | ||
Current price: | 23.50 | |||
Support | S1 | 23.06 | -1.89 % | |
S2 | 22.91 | -2.51 % | ||
S3 | 22.67 | -3.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24.56 | 4.51 % | |
R2 | 24.24 | 3.15 % | ||
R1 | 23.93 | 1.83 % | ||
Current price | 23.50 | |||
Support | S1 | 23.32 | -0.766% | |
S2 | 22.81 | -2.94% | ||
S3 | 21.42 | -8.84% |
GOODN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 09, 2024 | Mar 20, 2024 | Mar 29, 2024 | $0.138 | 0.587% |
2 | Jan 09, 2024 | Feb 20, 2024 | Feb 29, 2024 | $0.138 | 0.593% |
3 | Jan 09, 2024 | Jan 22, 2024 | Jan 31, 2024 | $0.138 | 0.647% |
4 | Oct 10, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.138 | 0.670% |
5 | Oct 10, 2023 | Nov 17, 2023 | Dec 29, 2023 | $0.138 | 0.670% |
FAQ
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