Gladstone Land Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=25a8ebeec01b7b81c6d8306e42bbbe090ea218b2)
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Evaluation of Gladstone Land Corp stock downgraded after the last trading session.
(Updated on Jun 19, 2024)
No changes to the price of Gladstone Land Corp stock on the last trading day (Wednesday, 19th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at £621.00 to a day high of £621.00. The price has fallen in 5 of the last 10 days and is down by -5.69% for this period.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at £616.12 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Gladstone Land Corp stock with a 90% probability to be traded between £619.26 and £694.82 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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LAND.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 0.81%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gladstone Land 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 £624.71 and £655.03. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Gladstone Land Corp stock
Gladstone Land Corp finds support from accumulated volume at £619.50 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.21%
Our recommended stop-loss: £583.07 (-6.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (LAND.L) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect Gladstone Land Corp to open at £621.00, and during the day (based on 14 day Average True Range), to move between £607.38 and £634.62, which gives a possible trading interval of +/-£13.62 (+/-2.19%) up or down from last closing price. If Gladstone Land Corp takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £619.50 (0.24%) than the resistance at £631.00 (1.61%), 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 Land Corp stock A Buy?
Gladstone Land Corp holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.528 Hold/Accumulate Downgraded
Predicted Opening Price for Gladstone Land Corp of Thursday, June 20, 2024
Fair opening price June 20, 2024 | Current price |
---|---|
£621.00 ( 0%) | £621.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LAND.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 621.00 | - |
R2 | 621.00 | - |
R1 | 621.00 | - |
Price | 621.00 | |
S1 | 621.00 | - |
S2 | 621.00 | - |
S3 | 621.00 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 652.50 | 5.07% |
R2 | 643.50 | 3.62% |
R1 | 631.00 | 1.61% |
Price | 621.00 | |
S1 | 619.50 | -0.242% |
S2 | 616.00 | -0.81% |
S3 | 0 | - |
LAND Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2024 | Jun 13, 2024 | Jul 26, 2024 | £12.10 | 1.96% |
2 | Feb 22, 2024 | Feb 22, 2024 | Apr 12, 2024 | £9.30 | 1.47% |
3 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | £9.20 | 1.42% |
4 | Nov 23, 2023 | Nov 23, 2023 | Nov 23, 2023 | £9.20 | 1.46% |
5 | Aug 24, 2023 | Aug 24, 2023 | Oct 06, 2023 | £9.00 | 1.52% |
FAQ
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