Gladstone Commercial Corp Stock Forecast
Red day on Tuesday for Gladstone Commercial Corp stock after losing 1.81%
(Updated on Jul 02, 2024)
The Gladstone Commercial Corp stock price fell by -1.81% on the last day (Tuesday, 2nd Jul 2024) from $21.93 to $21.53. During the last trading day the stock fluctuated 1.79% from a day low at $21.53 to a day high of $21.92. The price has fallen in 9 of the last 10 days and is down by -6.72% 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 -987 shares and in total, 8 thousand shares were bought and sold for approximately $165.70 thousand.
The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $21.49 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Gladstone Commercial Corp stock with a 90% probability to be traded between $21.84 and $23.78 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 stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GOODN Signals & Forecast
There are few to no technical positive signals at the moment. The Gladstone Commercial Corp 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 $22.17 and $22.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -7.71%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Gladstone Commercial Corp stock
Gladstone Commercial Corp finds support from accumulated volume at $21.40 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 $0.385 between high and low, or 1.79%. For the last week the stock has had daily average volatility of 1.04%
Gladstone Commercial Corp is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GOODN) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Gladstone Commercial Corp to open at $21.66, and during the day (based on 14 day Average True Range), to move between $21.17 and $21.89, which gives a possible trading interval of +/-$0.360 (+/-1.67%) up or down from last closing price. If Gladstone Commercial Corp takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $21.40 (0.60%) than the resistance at $22.25 (3.34%), 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?
Gladstone Commercial Corp holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.228 Sell Candidate Unchanged
Predicted Opening Price for Gladstone Commercial Corp of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $21.66 ( 0.596%) | $21.53 |
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 | |
|---|---|---|
| R3 | 22.04 | 2.38% |
| R2 | 21.90 | 1.70% |
| R1 | 21.81 | 1.28% |
| Price | 21.53 | |
| S1 | 21.51 | -0.0870% |
| S2 | 21.42 | -0.509% |
| S3 | 21.27 | -1.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.08 | 7.20% |
| R2 | 23.00 | 6.83% |
| R1 | 22.25 | 3.34% |
| Price | 21.53 | |
| S1 | 21.40 | -0.604% |
| S2 | 21.30 | -1.07% |
| S3 | 21.20 | -1.53% |
GOODN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Jun 18, 2024 | Jun 28, 2024 | $0.138 | 0.622% |
| 2 | Apr 09, 2024 | May 16, 2024 | May 31, 2024 | $0.138 | 0.613% |
| 3 | Apr 18, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.138 | 0.605% |
| 4 | Jan 09, 2024 | Mar 20, 2024 | Mar 29, 2024 | $0.138 | 0.587% |
| 5 | Jan 09, 2024 | Feb 20, 2024 | Feb 29, 2024 | $0.138 | 0.593% |
FAQ
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