Technical Analysis for GAB - Gabelli Equity Trust
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| C | 5.36 | 0.19% | 0.01 |
GAB closed up 0.38 percent on Friday, May 3, 2024, on 54 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Flat | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| 50 DMA Resistance | Bearish | 0.19% | |
| Stochastic Reached Overbought | Strength | 0.19% | |
| Gapped Up | Strength | 0.19% | |
| Overbought Stochastic | Strength | 0.19% | |
| Up 3 Days in a Row | Strength | 0.19% | |
| 20 DMA Support | Bullish | 0.56% | |
| Hammer Candlestick | Bullish | 0.56% | |
| Gapped Up | Strength | 0.56% | |
| Crossed Above 20 DMA | Bullish | 1.13% | |
| Fell Below 20 DMA | Bearish | 1.32% |
| Alert | Time |
|---|---|
| 50 DMA Resistance | about 2 hours ago |
| Rose Above 50 DMA | about 3 hours ago |
| 60 Minute Opening Range Breakdown | 3 days ago |
| 50 DMA Resistance | 3 days ago |
| Up 1% | 3 days ago |
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Gabelli Equity Trust, Inc. is a closed-ended equity mutual fund launched by GAMCO Investors, Inc. It is managed by Gabelli Funds, LLC. The fund invests in the public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund primarily invests growth oriented value stocks. It benchmarks the performance of its portfolio against the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index. Gabelli Equity Trust, Inc. was formed on August 21, 1986 and is domiciled in the United States.
Sector: Financial Services
Industry: Asset Management
Keywords: Stock Fund Nasdaq Composite Index Dow Jones Industrial Average Index Mario Gabelli Dow Jones Industrial Average Gamco Investors Value Investing Nasdaq Composite
Classification
Sector: Financial Services
Industry: Asset Management
Keywords: Stock Fund Nasdaq Composite Index Dow Jones Industrial Average Index Mario Gabelli Dow Jones Industrial Average Gamco Investors Value Investing Nasdaq Composite
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 5.63 |
| 52 Week Low | 4.3148 |
| Average Volume | 578,485 |
| 200-Day Moving Average | 5.03 |
| 50-Day Moving Average | 5.37 |
| 20-Day Moving Average | 5.30 |
| 10-Day Moving Average | 5.31 |
| Average True Range | 0.07 |
| RSI (14) | 54.34 |
| ADX | 15.71 |
| +DI | 22.65 |
| -DI | 19.02 |
| Chandelier Exit (Long, 3 ATRs) | 5.25 |
| Chandelier Exit (Short, 3 ATRs) | 5.36 |
| Upper Bollinger Bands | 5.42 |
| Lower Bollinger Band | 5.17 |
| Percent B (%b) | 0.72 |
| BandWidth | 4.79 |
| MACD Line | -0.01 |
| MACD Signal Line | -0.02 |
| MACD Histogram | 0.0096 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 5.43 | ||||
| Resistance 3 (R3) | 5.43 | 5.41 | 5.41 | ||
| Resistance 2 (R2) | 5.41 | 5.39 | 5.41 | 5.41 | |
| Resistance 1 (R1) | 5.38 | 5.38 | 5.37 | 5.38 | 5.40 |
| Pivot Point | 5.36 | 5.36 | 5.36 | 5.36 | 5.36 |
| Support 1 (S1) | 5.33 | 5.34 | 5.32 | 5.33 | 5.30 |
| Support 2 (S2) | 5.31 | 5.33 | 5.31 | 5.29 | |
| Support 3 (S3) | 5.28 | 5.31 | 5.29 | ||
| Support 4 (S4) | 5.28 |
