Gladstone Investment Corporation Forecast and Stock Analysis
Technical GAIN stock analysis for February 15, 2019.
Gladstone Investment Corporation gained 0.67% in the last trading day, rising from $11.97 to $12.05 , and 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. The price has risen in 7 of the last 10 days and is up by 9.95% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 52 169 more shares were traded than the day before. In total, 162 061 shares bought and sold for approximately $1.95 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the GAIN stock was $12.05. This is 0.67% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.22% from a day low at $11.93 to a day high of $12.07.
30 day high of the GAIN stock price was $12.07 and low was $10.28.
90 day high was $12.07 and low was $8.70.
52 week high for the Gladstone Investment Corporation - $12.26 and low - $8.70.
Gladstone Investment Corporation has broken the wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $11.93, a level that may pose a second chance to hit a runner. According to fan-theory $13.72 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Only positive signals in the chart today. Gladstone Investment Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $11.90 and $10.65. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday January 22, 2019, 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.
Relative Strength Index (RSI)
RSI14 is 91 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.
Support & Resistance
Gladstone Investment Corporation finds support from accumulated volume at $11.55.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.15 between high and low, or 1.22%. For the last week, the stock has had a daily average volatility of 1.87%.
The stock is extremely overbought on RSI14 (91). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stoploss: $11.43 (-5.13%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 91 and this increases the risk substantially. There is a buy signal from pivot bottom found 18 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rising rate. We can conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period. Due to a possible false trend-break a pure Buy Recommendation is held back.