Gladstone Investment Corporation Stock Forecast
Gladstone Investment Corporation stock upgraded from Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)
The Gladstone Investment Corporation stock price gained 1.36% on the last trading day (Wednesday, 27th Mar 2024), rising from $13.96 to $14.15. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.43% from a day low at $14.00 to a day high of $14.20. The price has risen in 6 of the last 10 days but is still down by -0.21% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 57 thousand more shares were traded than the day before. In total, 146 thousand shares were bought and sold for approximately $2.07 million.
The stock lies the upper part of a falling 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 $14.30 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.49% during the next 3 months and, with a 90% probability hold a price between $12.30 and $13.52 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GAIN Signals & Forecast
Mostly positive signals in the chart today. The Gladstone Investment Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $13.92 and $13.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 2.61%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Gladstone Investment Corporation stock
Gladstone Investment Corporation finds support from accumulated volume at $14.09 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 $0.200 between high and low, or 1.43%. For the last week the stock has had daily average volatility of 1.42%.
Our recommended stop-loss: $13.45 (-4.95%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (GAIN) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Gladstone Investment Corporation to open at $14.12, and during the day (based on 14 day Average True Range), to move between $13.92 and $14.38, which gives a possible trading interval of +/-$0.234 (+/-1.66%) up or down from last closing price. If Gladstone Investment Corporation takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.09 (0.42%) than the resistance at $14.36 (1.48%), 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 Investment Corporation stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.537 Buy Candidate Upgraded
Predicted Opening Price for Gladstone Investment Corporation of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$14.12 ( 0.236%) | $14.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAIN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.32 | 1.18 % | |
R2 | 14.24 | 0.638 % | ||
R1 | 14.19 | 0.304 % | ||
Current price: | 14.15 | |||
Support | S1 | 14.04 | -0.776 % | |
S2 | 13.99 | -1.11 % | ||
S3 | 13.92 | -1.65 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.64 | 3.46 % | |
R2 | 14.50 | 2.47 % | ||
R1 | 14.36 | 1.48 % | ||
Current price | 14.15 | |||
Support | S1 | 14.09 | -0.424% | |
S2 | 13.76 | -2.76% | ||
S3 | 13.48 | -4.73% |
GAIN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 09, 2024 | Mar 20, 2024 | Mar 29, 2024 | $0.0800 | 0.565% |
2 | Jan 09, 2024 | Feb 20, 2024 | Feb 29, 2024 | $0.0800 | 0.581% |
3 | Jan 09, 2024 | Jan 22, 2024 | Jan 31, 2024 | $0.0800 | 0.555% |
4 | Oct 10, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.0800 | 0.565% |
5 | Oct 23, 2023 | Dec 04, 2023 | Dec 15, 2023 | $0.88 | 6.10% |
FAQ
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