RSI low/high Values: [ 25 - 75 ]
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AI Analysis of CGO
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Green day on Wednesday for Calamos Global Total Return Fund
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 24, 2024 Gain 14.13% PDF

The Calamos Global Total Return Fund stock price gained 0.289% on the last trading day (Wednesday, 27th Mar 2024), rising from $10.39 to $10.42. During the last trading day the stock fluctuated 1.36% from a day low at $10.31 to a day high of $10.45. The price has risen in 6 of the last 10 days but is still down by -1.79% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately $379.91 thousand.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.71% during the next 3 months and, with a 90% probability hold a price between $12.19 and $12.93 at the end of this 3-month period.

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CGO Signals & Forecast

The Calamos Global Total Return Fund stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $10.45. On a fall, the stock will find some support from the long-term average at approximately $10.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Calamos Global Total Return Fund stock

Calamos Global Total Return Fund finds support from accumulated volume at $10.31 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.140 between high and low, or 1.36%. For the last week, the stock has had daily average volatility of 1.44%.

Our recommended stop-loss: $9.98 (-4.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)

Trading Expectations (CGO) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Calamos Global Total Return Fund to open at $10.39, and during the day (based on 14 day Average True Range), to move between $10.23 and $10.61, which gives a possible trading interval of +/-$0.186 (+/-1.79%) up or down from last closing price. If Calamos Global Total Return Fund takes out the full calculated possible swing range there will be an estimated 3.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.49 (0.67%) than the support at $10.31 (1.06%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Calamos Global Total Return Fund stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Calamos Global Total Return Fund stock to perform well in the short-term.

Current score: 3.874 Buy Candidate Unchanged

Predicted Opening Price for Calamos Global Total Return Fund of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$10.39 ( 0.256%) $10.42

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

Trading levels for CGO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.53 1.09 %
R2 10.48 0.574 %
R1 10.45 0.257 %
Current price: 10.42
Support S1 10.34 -0.769 %
S2 10.31 -1.09 %
S3 10.25 -1.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 10.61 1.82 %
R2 10.54 1.15 %
R1 10.49 0.672 %
Current price 10.42
Support S1 10.31 -1.06%
S2 9.69 -7.01%
S3 9.08 -12.86%

CGO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 13, 2024 Mar 13, 2024 Mar 21, 2024 $0.0800 0.763%
2 Feb 01, 2024 Feb 09, 2024 Feb 20, 2024 $0.0800 0.82%
3 Dec 18, 2023 Dec 28, 2023 Jan 11, 2024 $0.0800 0.88%
4 Dec 01, 2023 Dec 11, 2023 Dec 18, 2023 $0.0800 0.87%
5 Nov 01, 2023 Nov 13, 2023 Nov 20, 2023 $0.0800 0.88%

FAQ

What is the symbol for Calamos Global Total Return Fund Stock and on which exchange is it traded?
The symbol for Calamos Global Total Return Fund is CGO and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Calamos Global Total Return Fund Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Calamos Global Total Return Fund stock to perform well in the short-term.

How to buy Calamos Global Total Return Fund Stock?
Calamos Global Total Return Fund Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Calamos Global Total Return Fund Stock.

What's the current price of Calamos Global Total Return Fund Stock?
As of the end of day on the 2024-03-27, the price of an Calamos Global Total Return Fund (CGO) share was $10.42.

What is the 52-week high and low for Calamos Global Total Return Fund Stock?
The 52-week high for Calamos Global Total Return Fund Stock is $10.93 and the 52-week low is $7.90.

What is the market capitalization of Calamos Global Total Return Fund Stock?
As of the 2024-03-27, the market capitalization of Calamos Global Total Return Fund is 102.334M.
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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... CGO Profile

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