Global Value Fund Limited Stock Forecast
Global Value Fund Limited stock price ended at $1.24 on Friday, after gaining 1.64%.
(Updated on Jun 21, 2024)
The Global Value Fund Limited stock price gained 1.64% on the last trading day (Friday, 21st Jun 2024), rising from $1.22 to $1.24. During the last trading day the stock fluctuated 1.64% from a day low at $1.22 to a day high of $1.24. The price has risen in 5 of the last 10 days and is up by 4.2% 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, 17 thousand more shares were traded than the day before. In total, 40 thousand shares were bought and sold for approximately $50.10 thousand.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $1.25 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.32% during the next 3 months and, with a 90% probability hold a price between $1.24 and $1.30 at the end of this 3-month period.
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GVF.AX Signals & Forecast
Mostly positive signals in the chart today. The Global Value Fund Limited 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 $1.21 and $1.19. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 8.77%. 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). Global Value Fund Limited 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.
Support, Risk & Stop-loss for Global Value Fund Limited stock
Global Value Fund Limited finds support from accumulated volume at $1.20 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 $0.0200 between high and low, or 1.64%. For the last week the stock has had daily average volatility of 1.58%.
The Global Value Fund Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $1.20 (-3.50%) (This stock has low daily movements and this gives low risk. The RSI14 is 75 and this increases the risk substantially. There is a buy signal from a pivot bottom found 58 days ago.)
Trading Expectations (GVF.AX) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Global Value Fund Limited to open at $1.23, and during the day (based on 14 day Average True Range), to move between $1.23 and $1.25, which gives a possible trading interval of +/-$0.0124 (+/-1.00%) up or down from last closing price. If Global Value Fund Limited takes out the full calculated possible swing range there will be an estimated 2.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $1.20, some $0.0450 (3.63%) from the current price of $1.24, our system finds the risk reward attractive.
Is Global Value Fund Limited 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 Global Value Fund Limited stock to perform well in the short-term.
Current score: 4.466 Buy Candidate Unchanged
Predicted Opening Price for Global Value Fund Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $1.23 ( 0.538%) | $1.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GVF.AX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.25 | 1.08% |
| R2 | 1.25 | 0.459% |
| R1 | 1.24 | 0.0785% |
| Price | 1.24 | |
| S1 | 1.23 | -1.15% |
| S2 | 1.22 | -1.53% |
| S3 | 1.21 | -2.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1.24 | |
| S1 | 1.20 | -3.63% |
| S2 | 1.19 | -4.03% |
| S3 | 1.19 | -4.44% |
GVF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 17, 2024 | Jul 17, 2024 | Aug 19, 2024 | $0.0100 | 0.81% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | May 15, 2024 | $0.0330 | 2.77% |
| 3 | Sep 29, 2023 | Sep 29, 2023 | Sep 29, 2023 | $0.0330 | 2.97% |
| 4 | Mar 31, 2023 | Mar 31, 2023 | Mar 31, 2023 | $0.0330 | 2.87% |
| 5 | Sep 30, 2022 | Sep 30, 2022 | Sep 30, 2022 | $0.0330 | 2.80% |
FAQ
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