Gladstone Investment Corporation Stock Forecast

Stronger technical forecast for Gladstone Investment Corporation stock price after Monday trading.
(Updated on Apr 22, 2024)

GAIN Signals & Forecast

The Gladstone Investment Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $13.97 and $13.94. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 05, 2024, and so far it has risen 4.26%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Tuesday, April 09, 2024 in the short-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 Gladstone Investment Corporation stock

Gladstone Investment Corporation finds support from accumulated volume at $13.96 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 $0.240 between high and low, or 1.71%. For the last week the stock has had daily average volatility of 1.51%

Our recommended stop-loss: $13.63 (-4.11%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)

Trading Expectations (GAIN) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Gladstone Investment Corporation to open at $14.15, and during the day (based on 14 day Average True Range), to move between $13.98 and $14.44, which gives a possible trading interval of +/-$0.230 (+/-1.62%) up or down from last closing price. If Gladstone Investment Corporation takes out the full calculated possible swing range there will be an estimated 3.23% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.36 (1.06%) than the support at $13.96 (1.76%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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 Hold/Accumulate to a Buy candidate.

Current score: 1.188 Buy Candidate Upgraded

Predicted Opening Price for Gladstone Investment Corporation of Tuesday, April 23, 2024

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