GABELLI EQUITY TRUST (GAB)

US3623971013

5.38  +0.02 (+0.37%)

Technical Rating and Analysis

7

We assign a technical rating of 7 out of 10 to GAB. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, GAB is a bad performer.

When comparing the yearly performance of all stocks, GAB is a bad performer in the overall market: 66% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month GAB has a been trading in the 5.09 - 5.42 range, which is quite wide. It is currently trading near the high of this range.
GAB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so GAB is lagging the market.
Weekly and Daily overview Charts
GAB Weekly chart
GAB Daily chart
Setup Rating and Analysis

6

Although GAB has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

Support and Resistance Analysis

4.95

5.54

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 5.15 to 5.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @5.00 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

  • A resistance zone ranging from 5.39 to 5.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @5.49 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.74
Mansfield-1.32
10 Day High5.43
10 Day Low5.19
20 Day High5.43
20 Day Low5.09
52 Week High6
52 Week Low4.56
Performance
1 Week0.37%
2 Weeks1.7%
1 Month5.08%
3 Month5.49%
6 Month-0.19%
12 Month-6.6%
2 Year-21.46%
3 Year-18.98%
5 Year-12.52%
10 Year-32.67%
15 Year93.53%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.01
RSI(14)67.95
LBB5.19
UBB5.4
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
5.405.180.22 (4.07%)24.55%
An entry @5.40. This is a Buy Stop order right above the resistance zone.An exit @5.18. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.22 points, which is 4.07%.When investing 24.55% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GAB Daily chart

GABELLI EQUITY TRUST

NYSE:GAB (2/23/2024, 7:04:00 PM)

5.38

+0.02 (+0.37%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.37%
1 Week0.37%
2 Weeks1.7%
1 Month5.08%
3 Month5.49%
6 Month-0.19%
12 Month-6.6%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.06
ATR(20)%1.09%
ATR Inc
Range Today0.06
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High5.43
10 Day Low5.19
20 Day High5.43
20 Day Low5.09
52 Week High6
52 Week Low4.56
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume604.10K
Volume Incr-17.72%
Vol(5)493.86K
Vol(50)734.39K