GABELLI EQUITY TRUST (GAB) Stock Technical Analysis
NYSE:GAB - New York Stock Exchange, Inc. - US3623971013 - Currency: USD
We assign a technical rating of 5 out of 10 to GAB. GAB has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is only medium, GAB does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 5.81, a Stop Loss order could be placed below this zone. 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.
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3 important support areas can be observed.
- A support zone ranging from 5.60 to 5.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.15 to 5.20. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 4.96 to 5.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.87 to 5.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for GAB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GAB is neutral. |
| ChartMill Relative Strength | 61.33 | NEUTRAL | GAB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GAB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GAB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.35 | NEUTRAL | The RSI value for GAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests GAB has a negative trend. |
| Stochastics (14,3) | 31.66 | NEUTRAL | The Stochastics value for GAB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for GAB suggests low volalility. |
| Average Directional Index/ADX (14) | 16.73 | NEGATIVE | The low ADX value for GAB suggests a weak or negative trend. |
NYSE:GAB (8/1/2025, 7:26:07 PM)
5.82
0 (0%)