Goldman Sachs BDC Inc Stock Forecast
Green day on Thursday for Goldman Sachs BDC Inc stock after gaining 0.86%
(Updated on Apr 18, 2024)
The Goldman Sachs BDC Inc stock price gained 0.86% on the last trading day (Thursday, 18th Apr 2024), rising from $15.13 to $15.26. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.06% from a day low at $15.12 to a day high of $15.28. The price has risen in 7 of the last 10 days and is up by 2.83% over the past 2 weeks. Volume fell on the last day by -121 thousand shares and in total, 442 thousand shares were bought and sold for approximately $6.75 million. 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 is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Goldman Sachs BDC Inc stock with a 90% probability to be traded between $14.61 and $15.34 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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GSBD Signals & Forecast
The Goldman Sachs BDC 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 $15.03 and $15.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 04, 2024, and so far it has risen 2.83%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Tuesday, February 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.
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 Tuesday, February 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.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 12 Months
The stock had a Golden Star Signal on Tuesday, February 13, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, July 12, 2023.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 sell signal from a double top formation was found on Tuesday, March 12, 2024 and based on theory for this formation the price should fall by -0.590% to $15.17 within 10 trading days since signal was issued (Friday, April 19, 2024).
Support, Risk & Stop-loss for Goldman Sachs BDC Inc stock
Goldman Sachs BDC Inc finds support from accumulated volume at $15.15 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 $0.160 between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.28%.
Our recommended stop-loss: $14.54 (-4.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (GSBD) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Goldman Sachs BDC Inc to open at $15.22, and during the day (based on 14 day Average True Range), to move between $15.08 and $15.44, which gives a possible trading interval of +/-$0.181 (+/-1.19%) up or down from last closing price. If Goldman Sachs BDC Inc takes out the full calculated possible swing range there will be an estimated 2.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $15.32 (0.39%) than the support at $15.15 (0.72%), 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 Goldman Sachs BDC Inc stock A Buy?
Goldman Sachs BDC 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: 0.223 Hold/Accumulate Unchanged
Predicted Opening Price for Goldman Sachs BDC Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $15.22 ( 0.262%) | $15.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GSBD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.38 | 0.786 % | |
| R2 | 15.32 | 0.386 % | ||
| R1 | 15.28 | 0.138 % | ||
| Current price: | 15.26 | |||
| Support | S1 | 15.16 | -0.663 % | |
| S2 | 15.12 | -0.91 % | ||
| S3 | 15.06 | -1.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.34 | 0.524 % | |
| R2 | 15.33 | 0.459 % | ||
| R1 | 15.32 | 0.393 % | ||
| Current price | 15.26 | |||
| Support | S1 | 15.15 | -0.721% | |
| S2 | 15.00 | -1.70% | ||
| S3 | 14.96 | -1.97% |
GSBD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Mar 27, 2024 | Apr 26, 2024 | $0.450 | 2.95% |
| 2 | Nov 07, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.450 | 2.93% |
| 3 | Aug 03, 2023 | Sep 28, 2023 | Oct 27, 2023 | $0.450 | 3.34% |
| 4 | May 04, 2023 | Jun 29, 2023 | Oct 27, 2023 | $0.450 | 3.34% |
| 5 | Feb 23, 2023 | Mar 30, 2023 | Apr 27, 2023 | $0.450 | 3.26% |
FAQ
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