Gabelli Equity Trust Inc (The) 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:
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
Red day on Thursday for Gabelli Equity Trust Inc (The) stock after losing 0.188%
(Updated on Apr 25, 2024)
The Gabelli Equity Trust Inc (The) stock price fell by -0.188% on the last day (Thursday, 25th Apr 2024) from $5.31 to $5.30. During the last trading day the stock fluctuated 2.11% from a day low at $5.21 to a day high of $5.32. The price has been going up and down for this period, and there has been a -0.38% loss for the last 2 weeks. Volume has increased on the last day by 150 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 460 thousand shares were bought and sold for approximately $2.44 million.
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 $5.18 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Gabelli Equity Trust Inc (The) stock with a 90% probability to be traded between $5.28 and $5.88 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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GAB Signals & Forecast
There are mixed signals in the stock today. The Gabelli Equity Trust Inc (The) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $5.41. On a fall, the stock will find some support from the short-term average at $5.26. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.51%. Further rise is indicated until a new top pivot has been found. The stock had a Golden Star Signal on Friday, January 19, 2024 in the long-term chart.
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 Friday, January 19, 2024 in the long-term chart.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.
Support, Risk & Stop-loss for Gabelli Equity Trust Inc (The) stock
Gabelli Equity Trust Inc (The) finds support from accumulated volume at $5.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.110 (2.11%) between high and low. For the last week, the stock has had daily average volatility of 1.54%.
Our recommended stop-loss: $5.06 (-4.60%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (GAB) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Gabelli Equity Trust Inc (The) to open at $5.28, and during the day (based on 14 day Average True Range), to move between $5.22 and $5.38, which gives a possible trading interval of +/-$0.0815 (+/-1.54%) up or down from last closing price. If Gabelli Equity Trust Inc (The) takes out the full calculated possible swing range there will be an estimated 3.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.29 (0.19%) than the resistance at $5.43 (2.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gabelli Equity Trust Inc (The) stock A Buy?
Gabelli Equity Trust Inc (The) 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: -0.134 Hold/Accumulate Unchanged
Predicted Opening Price for Gabelli Equity Trust Inc (The) of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$5.28 ( 0.440%) | $5.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.39 | 1.64 % | |
R2 | 5.34 | 0.84 % | ||
R1 | 5.32 | 0.353 % | ||
Current price: | 5.30 | |||
Support | S1 | 5.23 | -1.23 % | |
S2 | 5.21 | -1.72 % | ||
S3 | 5.17 | -2.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.55 | 4.72 % | |
R2 | 5.50 | 3.77 % | ||
R1 | 5.43 | 2.45 % | ||
Current price | 5.30 | |||
Support | S1 | 5.29 | -0.189% | |
S2 | 5.21 | -1.70% | ||
S3 | 5.17 | -2.45% |
GAB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Mar 13, 2024 | Mar 21, 2024 | $0.150 | 2.73% |
2 | Nov 16, 2023 | Dec 14, 2023 | Dec 22, 2023 | $0.150 | 2.92% |
3 | Aug 25, 2023 | Sep 14, 2023 | Sep 22, 2023 | $0.150 | 2.84% |
4 | May 18, 2023 | Jun 14, 2023 | Jun 23, 2023 | $0.150 | 2.63% |
5 | Feb 17, 2023 | Mar 16, 2023 | Dec 14, 2018 | $0.150 | 2.73% |
FAQ
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