RSI low/high Values: [ 20 - 75 ]
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AI Analysis of GGZ
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Gabelli Global Small and Mid Cap Value stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 20, 2024 Gain 0.76% PDF

The Gabelli Global Small and Mid Cap Value stock price gained 0.675% on the last trading day (Wednesday, 27th Mar 2024), rising from $11.85 to $11.93. During the last trading day the stock fluctuated 0.491% from a day low at $11.88 to a day high of $11.94. The price has risen in 6 of the last 10 days and is up by 1.71% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately $106.00 thousand.

The stock lies in the upper part of a narrow and weak rising 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 $11.98 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.69% during the next 3 months and, with a 90% probability hold a price between $11.81 and $12.30 at the end of this 3-month period.

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GGZ Signals & Forecast

The Gabelli Global Small and Mid Cap Value 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 $11.85 and $11.68. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Gabelli Global Small and Mid Cap Value has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -0.251%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Gabelli Global Small and Mid Cap Value stock

Gabelli Global Small and Mid Cap Value finds support from accumulated volume at $11.55 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 $0.0583 between high and low, or 0.491%. For the last week the stock has had daily average volatility of 0.722%.

Our recommended stop-loss: $11.46 (-3.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (GGZ) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Gabelli Global Small and Mid Cap Value Trust (The) to open at $11.92, and during the day (based on 14 day Average True Range), to move between $11.82 and $12.04, which gives a possible trading interval of +/-$0.115 (+/-0.96%) up or down from last closing price. If Gabelli Global Small and Mid Cap Value Trust (The) takes out the full calculated possible swing range there will be an estimated 1.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $11.96 (0.25%) than the support at $11.55 (3.19%), 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 Gabelli Global Small and Mid Cap Value Trust (The) stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gabelli Global Small and Mid Cap Value 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: 1.257 Buy Candidate Upgraded

Predicted Opening Price for Gabelli Global Small and Mid Cap Value Trust (The) of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$11.92 ( 0.107%) $11.93

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

Trading levels for GGZ

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 11.98 0.382 %
R2 11.95 0.195 %
R1 11.94 0.0797 %
Current price: 11.93
Support S1 11.89 -0.294 %
S2 11.88 -0.409 %
S3 11.86 -0.596 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 11.96 0.251 %
Current price 11.93
Support S1 11.55 -3.19%
S2 11.54 -3.31%
S3 11.49 -3.69%

GGZ Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 13, 2024 Mar 13, 2024 Mar 21, 2024 $0.160 1.34%
2 Nov 16, 2023 Dec 14, 2023 Dec 22, 2023 $0.160 1.37%
3 Aug 25, 2023 Sep 14, 2023 Sep 22, 2023 $0.160 1.50%
4 May 18, 2023 Jun 14, 2023 Jun 23, 2023 $0.160 1.38%
5 Feb 17, 2023 Mar 16, 2023 Jan 06, 2017 $0.160 1.49%

FAQ

What is the symbol for Gabelli Global Small and Mid Cap Value Trust (The) Stock and on which exchange is it traded?
The symbol for Gabelli Global Small and Mid Cap Value Trust (The) is GGZ and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Gabelli Global Small and Mid Cap Value Trust (The) Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gabelli Global Small and Mid Cap Value 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.

How to buy Gabelli Global Small and Mid Cap Value Trust (The) Stock?
Gabelli Global Small and Mid Cap Value Trust (The) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Gabelli Global Small and Mid Cap Value Trust (The) Stock.

What's the current price of Gabelli Global Small and Mid Cap Value Trust (The) Stock?
As of the end of day on the 2024-03-27, the price of an Gabelli Global Small and Mid Cap Value Trust (The) (GGZ) share was $11.93.

What is the 52-week high and low for Gabelli Global Small and Mid Cap Value Trust (The) Stock?
The 52-week high for Gabelli Global Small and Mid Cap Value Trust (The) Stock is $12.43 and the 52-week low is $9.43.

What is the market capitalization of Gabelli Global Small and Mid Cap Value Trust (The) Stock?
As of the 2024-03-27, the market capitalization of Gabelli Global Small and Mid Cap Value Trust (The) is 106.326M.
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About Gabelli Global Small and Mid Cap Value Trust (The)

The Gabelli Global Small and Mid Cap Value Trust is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies that are operating across diversified sectors. It primarily invests in value stocks of small and mid-cap companies with a market capitalization of $12 billion or less. The fund benchmar... GGZ Profile

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