GABELLI EQUITY TRUST (GAB) Technical Analysis
NYSE:GAB • US3623971013
Current stock price
GAB Technical Rating and Analysis
Overall GAB gets a technical rating of 0 out of 10. GAB's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, GAB is a bad performer in the overall market: 73% of all stocks are doing better.
- GAB has an average volume of 1257930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- GAB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so GAB is lagging the market slightly.
- In the last month GAB has a been trading in the 5.28 - 5.74 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
GAB Weekly and Daily overview Charts
GAB Setup Rating and Analysis
GAB has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.58. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for GAB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
GAB Support and Resistance Analysis
5.15
We found 1 important support area.
- Support @5.20 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @5.58 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 6.17 to 6.18. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 6.29 to 6.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
GAB Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for GAB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GAB is down. |
| ChartMill Relative Strength | 27.96 | NEGATIVE | GAB has a low relative strength, it was outperformed by 72.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of GAB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GAB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GAB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.8 | NEUTRAL | The RSI value for GAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests GAB has a positive trend. |
| Stochastics (14,3) | 51.65 | NEUTRAL | The Stochastics value for GAB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for GAB suggests some volalility. |
| Average Directional Index/ADX (14) | 34.49 | POSITIVE | The high ADX value value for GAB suggests a strong trend. |
GAB Chart- and CandleStick Pattern Analysis
GAB Technicals: Chart, Performance Metrics, Trend & Indicators
5.58
-0.01 (-0.18%)
GABELLI EQUITY TRUST / GAB TA FAQ
What is the ChartMill technical rating of GABELLI EQUITY TRUST (GAB) stock?
ChartMill assigns a technical rating of 0 / 10 to GAB.
Can you provide the trend direction for GABELLI EQUITY TRUST?
The current trend direction for GABELLI EQUITY TRUST (GAB) is Bearish.
What is the RSI signal for GAB stock?
GABELLI EQUITY TRUST (GAB) has an RSI value of 46.7983. This indicates that the stock is currently neutral.
Can you provide the MACD signal for GABELLI EQUITY TRUST?
The MACD indicator for GABELLI EQUITY TRUST (GAB) has a value of 0.022752, indicating a bearish trend.
What is the buy/sell signal for GAB stock?
The buy/sell signal for GABELLI EQUITY TRUST (GAB) is sell as both the short term and long term trends are negative.