Gabelli Global Small and Mid Cap Value Stock Forecast
Gabelli Global Small and Mid Cap Value stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)
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
# | 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
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