Gladstone Investment (GAIN) Closes Above Its Parabolic SAR

Shares of Gladstone Investment (GAIN) are on watch as they closed the most recent session above the Parabolic SAR line.  The current level of the shares currently stands at 9.665 at the time of writing. 

The main usage of the Parabolic SAR is for trailing stops and exit points. The principle of trading using this indicator is easy. A long position should be maintained as long as the indicator is moving above the price levels, whereas a short position – while it is below them. In addition, when the SAR changes its direction and crosses the price levels, not only the current position should be closed, but it is suggested that the opposite one should be opened at the same price levels.

However, it should be used only when the market has the defined trend (around 30% of the time) and is smoother. When the trend is absent or the market is volatile, this system generates a lot of incorrect signals. Moreover, the indicator should be adjusted depending on the characteristics of the underlying shares.

Currently, Gladstone Investment (GAIN)’s Williams Percent Range or 14 day Williams %R is resting at -9.26. Values can range from 0 to -100. A reading between -80 to -100 may be typically viewed as strong oversold territory. A value between 0 to -20 would represent a strong overbought condition. As a momentum indicator, the Williams R% may be used with other technicals to help define a specific trend.

Gladstone Investment (GAIN) presently has a 14-day Commodity Channel Index (CCI) of 120.67. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. Checking on another technical indicator, the 14-day RSI is currently sitting at 69.03, the 7-day rests at 80.48, and the 3-day is presently at 91.28 for Gladstone Investment (GAIN).

The Relative Strength Index (RSI) is a highly popular technical indicator. The RSI is computed base on the speed and direction of a stock’s price movement. The RSI is considered to be an internal strength indicator, not to be confused with relative strength which is compared to other stocks and indices. The RSI value will always move between 0 and 100. One of the most popular time frames using RSI is the 14-day.

Moving average indicators are commonly tracked by technical stock analysts. Many traders will use a combination of moving averages with multiple time periods to help spot stock trend direction. One of the more popular combinations is to use the 50-day and 200-day moving averages. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Presently, the 200-day moving average is at 9.21, and the 50-day is 9.40. The 14-day ADX for Gladstone Investment (GAIN) is standing at 24.96. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

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