GABELLI EQUITY TRUST (GAB) Stock Technical Analysis
USA - NYSE:GAB - US3623971013
Taking everything into account, GAB scores 5 out of 10 in our technical rating. In the last year, GAB was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
GAB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.01, a Stop Loss order could be placed below this zone.
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4.92
When analyzing the support we can see 4 important areas.
- A support zone ranging from 5.82 to 6.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.60 from a horizontal line in the weekly time frame.
- Support @5.20 from a horizontal line in the weekly time frame.
- Support @4.97 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 6.01 to 6.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.24 to 6.33. This zone is formed by a combination of multiple trend lines 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 | 60.26 | NEUTRAL | GAB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GAB is below the rising 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) | UP | POSITIVE | The current price of GAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.38 | NEUTRAL | The RSI value for GAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GAB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 52.58 | NEUTRAL | The Stochastics value for GAB is a neutral value. |
| Average True Range in percent/ATR (20) | 1.18 | LOW VOLATILITY | The low ATR as a percentage value for GAB suggests low volalility. |
| Average Directional Index/ADX (14) | 11.84 | NEGATIVE | The low ADX value for GAB suggests a weak or negative trend. |
6.01
-0.04 (-0.66%)
GABELLI EQUITY TRUST / GAB FAQ
What is the ChartMill technical rating of GABELLI EQUITY TRUST (GAB) stock?
ChartMill assigns a technical rating of 5 / 10 to GAB.
What is the current trend direction of GABELLI EQUITY TRUST (GAB) stock?
The current trend direction for GABELLI EQUITY TRUST (GAB) is Bullish.
Can you provide the RSI signal for GABELLI EQUITY TRUST?
GABELLI EQUITY TRUST (GAB) has an RSI value of 48.3753. This indicates that the stock is currently neutral.
What is the support and resistance level for GAB stock?
GABELLI EQUITY TRUST (GAB) has a support level at 6.01 and a resistance level at 6.01. Check the full technical report for our detailed analysis of GAB support and resistance levels.