GAB - Gabelli Equity Trust Inc (The)

Industry: Closed-End Fund - Equity Sector: Financial Exchange: NYSE

GAB - Gabelli Equity Trust Inc (The)

Industry: Closed-End Fund - Equity Sector: Financial Exchange: NYSE
#3829()/7615

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 0.46%
PRICE $6.50
VOLUME
Buy
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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Gabelli Equity Trust Inc (The) Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Hold candidate since 2018-09-18
Shorts 0.64% ( 2018-08-31 )
Cash n/a
Loans n/a
Beta 1.31
ROA 6.98

Gabelli Equity Trust Inc (The) gained 0.46% in the last trading day, rising from $6.47 to $6.50 The price has risen in 4 of the last 10 days , but is still down by -0.61% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 54 691 more shares were traded than the day before. In total, 461 519 shares bought and sold for approximately $3.00 million.

Trend

Gabelli Equity Trust Inc (The) lies in the lower part of a narrow and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $6.48 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.42% during the next 3 months and, with 90% probability hold a price between $6.83 and $7.06 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are mixed signals in the stock today. Gabelli Equity Trust Inc (The) holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $6.53 and $6.51. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Monday September 17, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

The stock had a Golden Star Signal* on Tuesday July 17, 2018 for the short-term and also have Golden Star Signal for the mediumterm dated Monday March 05, 2018.

* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 36 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Gabelli Equity Trust Inc (The) finds support from accumulated volume at $6.39.

Support: $6.39 Price: $6.50 Resistance: $6.53

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.07 (1.07%) between high and low. For the last week, the stock has had a daily average volatility of 0.69%.

Our recommended stoploss: $6.10 (-6.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Gabelli Equity Trust Inc (The) holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Hold/Accumulate

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