Gladstone Investment Corporation Stock Forecast
Red day on Monday for Gladstone Investment Corporation stock after losing 0.395%
(Updated on Apr 15, 2024)
The Gladstone Investment Corporation stock price fell by -0.395% on the last day (Monday, 15th Apr 2024) from $13.93 to $13.87. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.93% from a day low at $13.86 to a day high of $14.13. The price has fallen in 6 of the last 10 days and is down by -1.14% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -13 thousand shares and in total, 99 thousand shares were bought and sold for approximately $1.38 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.74% during the next 3 months and, with a 90% probability hold a price between $12.58 and $13.77 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.
GAIN Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 1.76%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gladstone Investment Corporation stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $13.95 and $13.94. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Gladstone Investment Corporation stock
Gladstone Investment Corporation finds support from accumulated volume at $13.84 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.267 between high and low, or 1.93%. For the last week the stock has had daily average volatility of 1.77%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GAIN) For The Upcoming Trading Day Of Tuesday 16th
For the upcoming trading day on Tuesday, 16th we expect Gladstone Investment Corporation to open at $13.95, and during the day (based on 14 day Average True Range), to move between $13.64 and $14.10, which gives a possible trading interval of +/-$0.231 (+/-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 3.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.84 (0.22%) than the resistance at $14.36 (3.53%), 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?
Gladstone Investment Corporation holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.555 Sell Candidate Unchanged
Predicted Opening Price for Gladstone Investment Corporation of Tuesday, April 16, 2024
| Fair opening price April 16, 2024 | Current price |
|---|---|
| $13.95 ( 0.594%) | $13.87 |
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 | 14.22 | 2.52 % | |
| R2 | 14.12 | 1.78 % | ||
| R1 | 14.05 | 1.33 % | ||
| Current price: | 13.87 | |||
| Support | S1 | 13.85 | -0.142 % | |
| S2 | 13.79 | -0.596 % | ||
| S3 | 13.69 | -1.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.64 | 5.55 % | |
| R2 | 14.50 | 4.54 % | ||
| R1 | 14.36 | 3.53 % | ||
| Current price | 13.87 | |||
| Support | S1 | 13.84 | -0.216% | |
| S2 | 13.76 | -0.793% | ||
| S3 | 13.48 | -2.81% |
GAIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 09, 2024 | Apr 18, 2024 | Apr 30, 2024 | $0.0800 | 0.577% |
| 2 | Jan 09, 2024 | Mar 20, 2024 | Mar 29, 2024 | $0.0800 | 0.562% |
| 3 | Jan 09, 2024 | Feb 20, 2024 | Feb 29, 2024 | $0.0800 | 0.581% |
| 4 | Jan 09, 2024 | Jan 22, 2024 | Jan 31, 2024 | $0.0800 | 0.555% |
| 5 | Oct 10, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.0800 | 0.565% |
FAQ
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