RSI low/high Values: [ 25 - 75 ]
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AI Analysis of HGLB
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Green day on Thursday for Highland Global Allocation Fund stock after gaining 0.789%
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Gain 0.79% PDF

The Highland Global Allocation Fund stock price gained 0.789% on the last trading day (Thursday, 28th Mar 2024), rising from $7.60 to $7.66. During the last trading day the stock fluctuated 1.39% from a day low at $7.57 to a day high of $7.68. The price has risen in 6 of the last 10 days and is up by 0.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 41 thousand more shares were traded than the day before. In total, 99 thousand shares were bought and sold for approximately $760.75 thousand.

The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.60% during the next 3 months and, with a 90% probability hold a price between $7.19 and $7.72 at the end of this 3-month period.

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HGLB Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 1.46%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Highland Global Allocation 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 Highland Global Allocation Fund stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $7.79. On a fall, the stock will find some support from the short-term average at $7.60. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Highland Global Allocation Fund stock

Highland Global Allocation Fund finds support from accumulated volume at $7.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.105 between high and low, or 1.39%. For the last week the stock has had daily average volatility of 1.52%.

Our recommended stop-loss: $7.24 (-5.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (HGLB) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Highland Global Allocation Fund to open at $7.64, and during the day (based on 14 day Average True Range), to move between $7.53 and $7.79, which gives a possible trading interval of +/-$0.128 (+/-1.68%) up or down from last closing price. If Highland Global Allocation Fund takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $7.65 (0.13%) than the resistance at $8.05 (5.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Highland Global Allocation Fund stock A Buy?

Highland Global Allocation Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.102 Hold/Accumulate Unchanged

Predicted Opening Price for Highland Global Allocation Fund of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$7.64 ( 0.283%) $7.66

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

Trading levels for HGLB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.74 1.09 %
R2 7.70 0.565 %
R1 7.68 0.241 %
Current price: 7.66
Support S1 7.60 -0.81 %
S2 7.57 -1.13 %
S3 7.53 -1.66 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 8.19 6.92 %
R2 8.11 5.87 %
R1 8.05 5.09 %
Current price 7.66
Support S1 7.65 -0.131%
S2 7.59 -0.91%
S3 7.53 -1.70%

HGLB Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 20, 2024 Mar 20, 2024 Mar 28, 2024 $0.0810 1.06%
2 Feb 21, 2024 Feb 21, 2024 Feb 29, 2024 $0.0810 1.05%
3 Jan 02, 2024 Jan 23, 2024 Jan 31, 2024 $0.0810 0.98%
4 Dec 21, 2023 Dec 21, 2023 Dec 21, 2023 $0.0840 1.05%
5 Nov 21, 2023 Nov 21, 2023 Nov 21, 2023 $0.0840 1.04%

FAQ

What is the symbol for Highland Global Allocation Fund Stock and on which exchange is it traded?
The symbol for Highland Global Allocation Fund is HGLB and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Highland Global Allocation Fund Stock?
Highland Global Allocation Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Highland Global Allocation Fund Stock?
Highland Global Allocation 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 Highland Global Allocation Fund Stock.

What's the current price of Highland Global Allocation Fund Stock?
As of the end of day on the 2024-03-28, the price of an Highland Global Allocation Fund (HGLB) share was $7.66.

What is the 52-week high and low for Highland Global Allocation Fund Stock?
The 52-week high for Highland Global Allocation Fund Stock is $9.45 and the 52-week low is $6.42.

What is the market capitalization of Highland Global Allocation Fund Stock?
As of the 2024-03-28, the market capitalization of Highland Global Allocation Fund is 173.49M.
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