Gladstone Commercial Corporation Stock Forecast
Gladstone Commercial Corporation stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on Mar 28, 2024)
The Gladstone Commercial Corporation stock price gained 1.99% on the last trading day (Thursday, 28th Mar 2024), rising from $13.57 to $13.84. During the last trading day the stock fluctuated 2.30% from a day low at $13.64 to a day high of $13.95. The price has risen in 7 of the last 10 days and is up by 5.65% 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, 247 thousand more shares were traded than the day before. In total, 445 thousand shares were bought and sold for approximately $6.16 million.
Given the current horizontal trend, you can expect Gladstone Commercial Corporation stock with a 90% probability to be traded between $11.95 and $13.79 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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.
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GOOD Signals & Forecast
Mostly positive signals in the chart today. The Gladstone Commercial 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 $13.54 and $12.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 27, 2024, and so far it has risen 15.14%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Gladstone Commercial Corporation stock
Gladstone Commercial Corporation finds support from accumulated volume at $13.37 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.314 between high and low, or 2.30%. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: $13.14 (-5.07%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (GOOD) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Gladstone Commercial Corporation to open at $13.81, and during the day (based on 14 day Average True Range), to move between $13.55 and $14.13, which gives a possible trading interval of +/-$0.285 (+/-2.06%) up or down from last closing price. If Gladstone Commercial Corporation takes out the full calculated possible swing range there will be an estimated 4.12% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $13.37, some $0.470 (3.40%) from the current price of $13.84, our system finds the risk reward attractive.
Is Gladstone Commercial Corporation stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Gladstone Commercial Corporation stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.041 Buy Candidate Upgraded
Predicted Opening Price for Gladstone Commercial Corporation of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$13.81 ( 0.207%) | $13.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOOD
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.13 | 2.06 % | |
R2 | 14.01 | 1.20 % | ||
R1 | 13.93 | 0.661 % | ||
Current price: | 13.84 | |||
Support | S1 | 13.69 | -1.07 % | |
S2 | 13.62 | -1.61 % | ||
S3 | 13.50 | -2.48 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 13.84 | |||
Support | S1 | 13.37 | -3.40% | |
S2 | 13.34 | -3.61% | ||
S3 | 12.94 | -6.50% |
GOOD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 09, 2024 | Mar 20, 2024 | Mar 29, 2024 | $0.100 | 0.723% |
2 | Jan 09, 2024 | Feb 20, 2024 | Feb 29, 2024 | $0.100 | 0.81% |
3 | Jan 09, 2024 | Jan 22, 2024 | Jan 31, 2024 | $0.100 | 0.780% |
4 | Oct 10, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.100 | 0.755% |
5 | Oct 10, 2023 | Nov 17, 2023 | Nov 30, 2023 | $0.100 | 0.80% |
FAQ
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