Eagle Capital Growth Fund, Inc Stock Forecast
Green day on Wednesday for Eagle Capital Growth Fund, Inc stock after gaining 0.429%
(Updated on May 29, 2024)
The Eagle Capital Growth Fund, Inc stock price gained 0.429% on the last trading day (Wednesday, 29th May 2024), rising from $9.32 to $9.36. During the last trading day the stock fluctuated 0.107% from a day low at $9.35 to a day high of $9.36. The price has risen in 4 of the last 10 days but is still down by -0.12% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately $19.41 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Eagle Capital Growth Fund, Inc stock with a 90% probability to be traded between $9.12 and $9.66 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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GRF Signals & Forecast
The Eagle Capital Growth Fund, Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $9.32 and $9.36. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 1.63%. Further rise is indicated until a new top pivot has been found. Eagle Capital Growth Fund, Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, May 24, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Friday, May 24, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Monday, April 15, 2024 and based on theory for this formation the price should go up by 4.37% to $9.77 within 27 trading days since signal was issued (Thursday, May 30, 2024).
Support, Risk & Stop-loss for Eagle Capital Growth Fund, Inc stock
Eagle Capital Growth Fund, Inc finds support from accumulated volume at $9.30 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 $0.0100 between high and low, or 0.107%. For the last week the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: $8.80 (-6.01%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (GRF) For The Upcoming Trading Day Of Thursday 30th
For the upcoming trading day on Thursday, 30th we expect Eagle Capital Growth Fund, Inc to open at $9.36, and during the day (based on 14 day Average True Range), to move between $9.22 and $9.50, which gives a possible trading interval of +/-$0.143 (+/-1.53%) up or down from last closing price. If Eagle Capital Growth Fund, Inc takes out the full calculated possible swing range there will be an estimated 3.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.37 (0.09%) than the support at $9.30 (0.64%), 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 Eagle Capital Growth Fund, Inc stock A Buy?
Eagle Capital Growth Fund, Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.563 Hold/Accumulate Unchanged
Predicted Opening Price for Eagle Capital Growth Fund, Inc of Thursday, May 30, 2024
| Fair opening price May 30, 2024 | Current price |
|---|---|
| $9.36 ( 0.0356%) | $9.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.37 | 0.0712 % | |
| R2 | 9.36 | 0.0304 % | ||
| R1 | 9.36 | 0.0052 % | ||
| Current price: | 9.36 | |||
| Support | S1 | 9.35 | -0.0764 % | |
| S2 | 9.35 | -0.102 % | ||
| S3 | 9.35 | -0.142 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.53 | 1.82 % | |
| R2 | 9.48 | 1.28 % | ||
| R1 | 9.37 | 0.0929 % | ||
| Current price | 9.36 | |||
| Support | S1 | 9.30 | -0.641% | |
| S2 | 9.27 | -0.96% | ||
| S3 | 9.21 | -1.60% |
GRF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 13, 2023 | Nov 22, 2023 | Dec 15, 2023 | $0.350 | 3.78% |
| 2 | Oct 14, 2022 | Nov 17, 2022 | Dec 28, 2018 | $0.370 | 5.63% |
| 3 | Nov 08, 2021 | Nov 18, 2021 | Dec 23, 2021 | $0.97 | 10.83% |
| 4 | Nov 23, 2020 | Dec 03, 2020 | Dec 22, 2020 | $0.550 | 7.41% |
| 5 | Nov 07, 2019 | Nov 21, 2019 | Dec 26, 2019 | $0.0740 | 0.96% |
FAQ
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