General American Investors Inc Stock Forecast
General American Investors Inc stock price down 0.535% on Friday
(Updated on Apr 19, 2024)
The General American Investors Inc stock price fell by -0.535% on the last day (Friday, 19th Apr 2024) from $44.83 to $44.59. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.03% from a day low at $44.54 to a day high of $45.00. The price has fallen in 7 of the last 10 days and is down by -3.73% 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 -2 thousand shares and in total, 23 thousand shares were bought and sold for approximately $1.01 million.
Given the current short-term trend, the stock is expected to rise 5.20% during the next 3 months and, with a 90% probability hold a price between $46.91 and $49.57 at the end of this 3-month period.
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GAM Signals & Forecast
There are few to no technical positive signals at the moment. The General American Investors Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $45.15 and $45.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -4.29%. Further fall is indicated until a new bottom pivot has been found. 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. The stock had a Golden Star Signal on Friday, December 08, 2023 in the long-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.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, December 08, 2023 in the long-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 General American Investors Inc stock
General American Investors Inc finds support from accumulated volume at $44.10 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 $0.460 between high and low, or 1.03%. For the last week the stock has had daily average volatility of 1.20%
Our recommended stop-loss: $42.35 (-5.02%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (GAM) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect General American Investors Inc to open at $44.71, and during the day (based on 14 day Average True Range), to move between $44.10 and $45.08, which gives a possible trading interval of +/-$0.493 (+/-1.11%) up or down from last closing price. If General American Investors Inc takes out the full calculated possible swing range there will be an estimated 2.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $44.83 (0.54%) than the support at $44.10 (1.10%), 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 General American Investors Inc stock A Buy?
General American Investors Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.629 Hold/Accumulate Unchanged
Predicted Opening Price for General American Investors Inc of Monday, April 22, 2024
Fair opening price April 22, 2024 | Current price |
---|---|
$44.71 ( 0.269%) | $44.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAM
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.17 | 1.30 % | |
R2 | 44.99 | 0.91 % | ||
R1 | 44.89 | 0.663 % | ||
Current price: | 44.59 | |||
Support | S1 | 44.53 | -0.125 % | |
S2 | 44.43 | -0.368 % | ||
S3 | 44.25 | -0.763 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.10 | 1.14 % | |
R2 | 44.99 | 0.90 % | ||
R1 | 44.83 | 0.538 % | ||
Current price | 44.59 | |||
Support | S1 | 44.10 | -1.10% | |
S2 | 43.72 | -1.95% | ||
S3 | 42.86 | -3.88% |
GAM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 01, 2023 | Nov 10, 2023 | Dec 28, 2023 | $4.75 | 10.95% |
2 | Nov 02, 2022 | Nov 10, 2022 | Dec 28, 2018 | $1.00 | 3.56% |
3 | Jan 26, 2022 | Feb 04, 2022 | Feb 18, 2022 | $0.500 | 1.23% |
4 | Nov 03, 2021 | Nov 12, 2021 | Dec 30, 2021 | $3.05 | 6.86% |
5 | Jan 28, 2021 | Feb 05, 2021 | Feb 19, 2021 | $0.250 | 0.644% |
FAQ
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