The Gabelli Healthcare & Wellness Trust Stock Forecast
The Gabelli Healthcare & Wellness Trust stock price ended at $9.30 on Tuesday, after losing 0.322%.
(Updated on Apr 16, 2024)
The The Gabelli Healthcare & Wellness Trust stock price fell by -0.322% on the last day (Tuesday, 16th Apr 2024) from $9.33 to $9.30. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.08% from a day low at $9.27 to a day high of $9.37. The price has fallen in 8 of the last 10 days and is down by -6.06% for this period. Volume has increased on the last day by 15 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 23 thousand shares were bought and sold for approximately $210.12 thousand.
Given the current short-term trend, the stock is expected to rise 3.27% during the next 3 months and, with a 90% probability hold a price between $9.60 and $10.64 at the end of this 3-month period.
GRX Signals & Forecast
There are few to no technical positive signals at the moment. The The Gabelli Healthcare & Wellness Trust 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 $9.56 and $9.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -9.18%. 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). The Gabelli Healthcare & Wellness Trust gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for The Gabelli Healthcare & Wellness Trust stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.1000 (1.08%) between high and low. For the last week, the stock has had daily average volatility of 1.40%.
The Gabelli Healthcare & Wellness Trust is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: $8.83 (-5.05%) (This stock has low daily movements and this gives low risk. Low RSI14 is 21 which reduces the risk some. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (GRX) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect The Gabelli Healthcare & Wellness Trust to open at $9.31, and during the day (based on 14 day Average True Range), to move between $9.17 and $9.43, which gives a possible trading interval of +/-$0.130 (+/-1.39%) up or down from last closing price. If The Gabelli Healthcare & Wellness Trust takes out the full calculated possible swing range there will be an estimated 2.79% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $9.86, some $0.560 (6.02%) from the current price of $9.30, our system finds the risk reward not very attractive.
Is The Gabelli Healthcare & Wellness Trust stock A Buy?
The Gabelli Healthcare & Wellness Trust 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: -0.723 Hold/Accumulate Unchanged
Predicted Opening Price for The Gabelli Healthcare & Wellness Trust of Wednesday, April 17, 2024
Fair opening price April 17, 2024 | Current price |
---|---|
$9.31 ( 0.143%) | $9.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRX
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.41 | 1.22 % | |
R2 | 9.38 | 0.81 % | ||
R1 | 9.35 | 0.554 % | ||
Current price: | 9.30 | |||
Support | S1 | 9.28 | -0.267 % | |
S2 | 9.25 | -0.521 % | ||
S3 | 9.21 | -0.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.02 | 7.74 % | |
R2 | 9.96 | 7.10 % | ||
R1 | 9.86 | 6.02 % | ||
Current price | 9.30 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
GRX Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 13, 2024 | Mar 13, 2024 | Mar 21, 2024 | $0.150 | 1.50% |
2 | Nov 16, 2023 | Dec 14, 2023 | Dec 22, 2023 | $0.150 | 1.63% |
3 | Aug 25, 2023 | Sep 14, 2023 | Sep 22, 2023 | $0.150 | 1.70% |
4 | May 18, 2023 | Jun 14, 2023 | Jun 23, 2023 | $0.150 | 1.51% |
5 | Feb 17, 2023 | Mar 16, 2023 | Mar 24, 2023 | $0.150 | 1.54% |
FAQ
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