RSI low/high Values: [ 20 - 80 ]
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AI Analysis of GABI.L
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GCP Asset Backed Income Fund Limited stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The GCP Asset Backed Income Fund Limited stock price gained 0.294% on the last trading day (Wednesday, 27th Mar 2024), rising from £68.00 to £68.20. During the last trading day the stock fluctuated 1.17% from a day low at £67.91 to a day high of £68.70. The price has risen in 5 of the last 10 days and is up by 1.49% over the past 2 weeks. Volume fell on the last day by -185 thousand shares and in total, 124 thousand shares were bought and sold for approximately £8.45 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 lies in the lower part of a weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £67.79 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.35% during the next 3 months and, with a 90% probability hold a price between £71.42 and £76.90 at the end of this 3-month period.

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GABI.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 1.49%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The GCP Asset Backed Income Fund Limited 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 £68.99. On a fall, the stock will find some support from the short-term average at £68.06. 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.

Support, Risk & Stop-loss for GCP Asset Backed Income Fund Limited stock

GCP Asset Backed Income Fund Limited finds support from accumulated volume at £68.00 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 £0.792 between high and low, or 1.17%. For the last week the stock has had daily average volatility of 3.19%.

Our recommended stop-loss: £64.65 (-5.20%) (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 (GABI.L) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect GCP Asset Backed Income Fund Limited to open at £68.27, and during the day (based on 14 day Average True Range), to move between £66.32 and £70.08, which gives a possible trading interval of +/-£1.88 (+/-2.76%) up or down from last closing price. If GCP Asset Backed Income Fund Limited takes out the full calculated possible swing range there will be an estimated 5.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £68.00 (0.29%) than the resistance at £68.80 (0.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is GCP Asset Backed Income 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 GCP Asset Backed Income Fund Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.173 Buy Candidate Upgraded

Predicted Opening Price for GCP Asset Backed Income Fund Limited of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
£68.27 ( 0.102%) £68.20

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GABI.L

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 69.06 1.26 %
R2 68.76 0.82 %
R1 68.57 0.545 %
Current price: 68.20
Support S1 67.97 -0.342 %
S2 67.78 -0.616 %
S3 67.48 -1.06 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 70.00 2.64 %
R2 69.00 1.17 %
R1 68.80 0.88 %
Current price 68.20
Support S1 68.00 -0.293%
S2 66.00 -3.23%
S3 65.20 -4.40%

GABI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 15, 2024 Feb 15, 2024 Mar 15, 2024 £1.58 2.33%
2 Nov 16, 2023 Nov 16, 2023 Nov 16, 2023 £0.0158 0.0172%
3 Jul 27, 2023 Jul 27, 2023 Jul 27, 2023 £0.0158 0.0171%
4 May 11, 2023 May 11, 2023 May 11, 2023 £1.58 1.69%
5 Jan 26, 2023 Feb 02, 2023 Mar 03, 2023 £1.58 1.69%

FAQ

What is the symbol for GCP Asset Backed Income Fund Limited Stock and on which exchange is it traded?
The symbol for GCP Asset Backed Income Fund Limited is GABI.L and it is traded on the XLON (London Stock Exchange).

Should I buy or sell GCP Asset Backed Income Fund Limited Stock?
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 GCP Asset Backed Income Fund Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy GCP Asset Backed Income Fund Limited Stock?
GCP Asset Backed Income Fund Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy GCP Asset Backed Income Fund Limited Stock.

What's the current price of GCP Asset Backed Income Fund Limited Stock?
As of the end of day on the 2024-03-27, the price of an GCP Asset Backed Income Fund Limited (GABI.L) share was £68.20.

What is the 52-week high and low for GCP Asset Backed Income Fund Limited Stock?
The 52-week high for GCP Asset Backed Income Fund Limited Stock is £76.00 and the 52-week low is £51.20.

What is the market capitalization of GCP Asset Backed Income Fund Limited Stock?
As of the 2024-03-27, the market capitalization of GCP Asset Backed Income Fund Limited is 292.26M.
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About GCP Asset Backed Income Fund Limited

Project Finance Investments Limited is an investment firm based in Jersey, Channel Islands.... GABI.L Profile

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