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Calamos Global Total Return Fund Fund Forecast NASDAQ:CGO

$15.82 (1.02%)

Volume: 19k

Closed: Nov 29, 2021

Hollow Logo Score: -1.861

Calamos Global Total Return Fund Fund Forecast

$15.82 (1.02%)

Volume: 19k

Closed: Nov 29, 2021

Score Hollow Logo -1.861
Which way will CGO go? Request
Key Stats
Beta 0.58
Trailing Dividend Rate 7.33% ($1.16)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 39 and the fund is currently not being overbought or oversold

Calamos Global Total Return Fund fund downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Nov 29, 2021)


Sell candidate since 2021-11-29

The Calamos Global Total Return Fund fund price gained 1.02% on the last trading day (Monday, 29th Nov 2021), rising from $15.66 to $15.82. During the day the fund fluctuated 0.70% from a day low at $15.73 to a day high of $15.84. The price has fallen in 6 of the last 10 days and is down by -2.41% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately $299.33 thousand.

The fund lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the fund is expected to fall -4.32% during the next 3 months and, with a 90% probability hold a price between $14.25 and $15.89 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, October 14, 2021, and so far it has risen 3.67%. Further rise is indicated until a new top pivot has been found. Calamos Global Total Return Fund has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Calamos Global Total Return Fund fund holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $16.00 and $15.88. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Calamos Global Total Return Fund finds support from accumulated volume at $15.41 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.11 between high and low, or 0.70%. For the last week the fund has had a daily average volatility of 1.83%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Calamos Global Total Return Fund fund A Buy?

Calamos Global Total Return Fund holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this fund since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.861

Predicted Opening Price for Calamos Global Total Return Fund of Tuesday, November 30, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 30, 2021 Current price
$15.80 $15.82 (Overvalued)
Sell Candidate Downgraded

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Volatility and Risk
Daily Average Volatility: 1.83 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.83 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $15.86
Price: $15.82
Support: $15.41

CGO Insider Trading Show all Trades

INSIDER POWER

13.386

Last 96 transactions
Buy: 214 090 | Sell: 15 993 (Shares)
Date Action Amount Person Type
Mar 20, 2020 Sell 10 093 Neal John E Common Stock
Dec 19, 2019 Sell 500 Tripple David D Common Stock
Jan 02, 2018 Sell 1 000 Mickey Mark Common Stock
Mar 01, 2016 Buy 1 000 Hamacher Theresa Common Stock
Jul 10, 2014 Sell 1 000 Tripple David D Common Stock
Show all Insider Trades
INSIDER POWER

13.386

Last 96 transactions
Buy: 214 090 | Sell: 15 993 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 15.91 0.55 %
15.86 0.28 %
15.84 0.12 %
Current price: 15.82
Support 15.75 -0.41 %
15.73 -0.58 %
15.69 -0.84 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 16.99 7.40 %
15.97 0.95 %
15.86 0.25 %
Current price 15.82
Support 15.41 -2.59%
15.34 -3.03%
15.26 -3.54%

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About Calamos Global Total Return Fund

Calamos Global Total Return Fund is a closed-ended balanced mutual fund launched by Calamos Investments LLC. It is managed by Calamos Advisors LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in equities, convertible bonds, and high yield corporate bonds. It employs both fundamental and quantitative analy... Read more

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