GABELLI EQUITY TRUST (GAB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GAB - US3623971013
Overall GAB gets a technical rating of 7 out of 10. Although GAB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
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.
More info and screens
4.92
We found 4 important support areas.
- A support zone ranging from 5.82 to 6.07. 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 found 1 important resistance area.
- 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 | UP | POSITIVE | The short term trend for GAB is up. |
| ChartMill Relative Strength | 59.73 | NEUTRAL | GAB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GAB is above the rising 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) | 61.37 | 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) | 87.29 | OVERBOUGHT | The high Stochastics value suggests GAB may be overbought. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for GAB suggests low volalility. |
| Average Directional Index/ADX (14) | 15.28 | NEGATIVE | The low ADX value for GAB suggests a weak or negative trend. |
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 6.34 | 5.89 | 0.45 (7.10%) | 14.09% |
| An entry @6.34. This is a Buy Stop order right above the resistance zone. | An exit @5.89. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.45 points, which is 7.10%. | When investing 14.09% 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.
6.17
+0.04 (+0.65%)
GABELLI EQUITY TRUST / GAB FAQ
What is the ChartMill technical rating of GABELLI EQUITY TRUST (GAB) stock?
ChartMill assigns a technical rating of 7 / 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 61.3691. This indicates that the stock is currently neutral.
What is the buy/sell signal for GAB stock?
The buy/sell signal for GABELLI EQUITY TRUST (GAB) is buy as both the short term and long term trends are positive.
What is the support and resistance level for GAB stock?
GABELLI EQUITY TRUST (GAB) has a support level at 6.07 and a resistance level at 6.24. Check the full technical report for our detailed analysis of GAB support and resistance levels.