The Gabelli Healthcare & Wellness Trust Stock Forecast
Green day on Monday for The Gabelli Healthcare & Wellness Trust stock after gaining 0.0531%
(Updated on Apr 29, 2024)
The The Gabelli Healthcare & Wellness Trust stock price gained 0.0531% on the last trading day (Monday, 29th Apr 2024), rising from $9.43 to $9.43. During the last trading day the stock fluctuated 0.637% from a day low at $9.42 to a day high of $9.48. The price has fallen in 6 of the last 10 days but is still up by 1.07% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately $121.76 thousand.
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 -2.38% during the next 3 months and, with a 90% probability hold a price between $8.99 and $9.91 at the end of this 3-month period.
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GRX Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.06%. Further rise is indicated until a new top pivot has been found. The Gabelli Healthcare & Wellness Trust 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Gabelli Healthcare & Wellness Trust 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 $9.48 and $9.75. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for The Gabelli Healthcare & Wellness Trust stock
The Gabelli Healthcare & Wellness Trust finds support from accumulated volume at $9.35 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 $0.0600 between high and low, or 0.637%. For the last week, the stock has had daily average volatility of 0.759%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GRX) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect The Gabelli Healthcare & Wellness Trust to open at $9.44, and during the day (based on 14 day Average True Range), to move between $9.31 and $9.55, which gives a possible trading interval of +/-$0.120 (+/-1.27%) up or down from last closing price. If The Gabelli Healthcare & Wellness Trust takes out the full calculated possible swing range there will be an estimated 2.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.35 (0.85%) than the resistance at $9.86 (4.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Gabelli Healthcare & Wellness Trust stock A Buy?
The Gabelli Healthcare & Wellness Trust holds several negative signals and is within a wide and 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: -1.027 Sell Candidate Unchanged
Predicted Opening Price for The Gabelli Healthcare & Wellness Trust of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $9.44 ( 0.141%) | $9.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.50 | 0.778 % | |
| R2 | 9.48 | 0.535 % | ||
| R1 | 9.47 | 0.384 % | ||
| Current price: | 9.43 | |||
| Support | S1 | 9.42 | -0.102 % | |
| S2 | 9.41 | -0.252 % | ||
| S3 | 9.38 | -0.495 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.02 | 6.26 % | |
| R2 | 9.96 | 5.62 % | ||
| R1 | 9.86 | 4.56 % | ||
| Current price | 9.43 | |||
| Support | S1 | 9.35 | -0.85% | |
| S2 | 9.30 | -1.38% | ||
| S3 | 9.29 | -1.48% |
GRX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 13, 2024 | Mar 13, 2024 | Mar 21, 2024 | $0.150 | 1.50% |
| 2 | Nov 16, 2023 | Dec 14, 2023 | Dec 22, 2023 | $0.150 | 1.63% |
| 3 | Aug 25, 2023 | Sep 14, 2023 | Sep 22, 2023 | $0.150 | 1.70% |
| 4 | May 18, 2023 | Jun 14, 2023 | Jun 23, 2023 | $0.150 | 1.51% |
| 5 | Feb 17, 2023 | Mar 16, 2023 | Mar 24, 2023 | $0.150 | 1.54% |
FAQ
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