Technical Analysis for GAB - Gabelli Equity Trust
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| B | 5.56 | 0.36% | 0.02 |
GAB closed up 0.36 percent on Friday, May 17, 2024, on 61 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. 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 | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Cup with Handle | Other | 0.00% | |
| NR7 | Range Contraction | 0.00% | |
| Narrow Range Bar | Range Contraction | 0.00% | |
| Doji - Bearish? | Reversal | 0.00% | |
| Gapped Up | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Up 3 Days in a Row | Strength | 0.00% | |
| Up 4 Days in a Row | Strength | 0.00% | |
| Pocket Pivot | Bullish Swing Setup | 0.36% | |
| Upper Bollinger Band Walk | Strength | 0.36% |
| Alert | Time |
|---|---|
| Upper Bollinger Band Resistance | 3 days ago |
| Rose Above Previous Day's High | 4 days ago |
| Upper Bollinger Band Resistance | 4 days ago |
| Rose Above Upper Bollinger Band | 5 days ago |
| Possible Pocket Pivot | 5 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 | 544,041 |
| 200-Day Moving Average | 5.04 |
| 50-Day Moving Average | 5.40 |
| 20-Day Moving Average | 5.39 |
| 10-Day Moving Average | 5.47 |
| Average True Range | 0.06 |
| RSI (14) | 71.99 |
| ADX | 21.76 |
| +DI | 29.18 |
| -DI | 13.68 |
| Chandelier Exit (Long, 3 ATRs) | 5.38 |
| Chandelier Exit (Short, 3 ATRs) | 5.36 |
| Upper Bollinger Bands | 5.57 |
| Lower Bollinger Band | 5.21 |
| Percent B (%b) | 0.97 |
| BandWidth | 6.79 |
| MACD Line | 0.05 |
| MACD Signal Line | 0.03 |
| MACD Histogram | 0.0235 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 5.59 | ||||
| Resistance 3 (R3) | 5.59 | 5.57 | 5.59 | ||
| Resistance 2 (R2) | 5.57 | 5.57 | 5.58 | 5.58 | |
| Resistance 1 (R1) | 5.57 | 5.56 | 5.57 | 5.57 | 5.58 |
| Pivot Point | 5.55 | 5.55 | 5.55 | 5.55 | 5.55 |
| Support 1 (S1) | 5.55 | 5.55 | 5.55 | 5.55 | 5.54 |
| Support 2 (S2) | 5.53 | 5.54 | 5.53 | 5.54 | |
| Support 3 (S3) | 5.53 | 5.53 | 5.53 | ||
| Support 4 (S4) | 5.53 |
