RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EHI
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Red day on Thursday for Western Asset Global High Income Fund stock after losing 1.13%
(Updated on Mar 28, 2024)

Sell candidate since Mar 14, 2024 Loss -1.27% PDF

The Western Asset Global High Income Fund stock price fell by -1.13% on the last day (Thursday, 28th Mar 2024) from $7.08 to $7.00. During the last trading day the stock fluctuated 1.53% from a day low at $7.00 to a day high of $7.11. The price has fallen in 5 of the last 10 days and is down by -1.27% for this period. Volume has increased on the last day by 77 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 103 thousand shares were bought and sold for approximately $723.77 thousand.

The stock lies in the middle of a narrow and 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 -2.47% during the next 3 months and, with a 90% probability hold a price between $6.78 and $6.99 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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EHI Signals & Forecast

There are few to no technical positive signals at the moment. The Western Asset Global High Income Fund stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $7.04 and $7.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -2.10%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Western Asset Global High Income Fund gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Western Asset Global High Income Fund stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.107 between high and low, or 1.53%. For the last week the stock has had daily average volatility of 0.81%.

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

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

For the upcoming trading day on Monday, 1st we expect Western Asset Global High Income Fund Inc to open at $7.04, and during the day (based on 14 day Average True Range), to move between $6.94 and $7.06, which gives a possible trading interval of +/-$0.0580 (+/-0.83%) up or down from last closing price. If Western Asset Global High Income Fund Inc takes out the full calculated possible swing range there will be an estimated 1.66% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $7.05, some $0.0500 (0.71%) from the current price of $7.00, our system finds the risk reward not very attractive.

Is Western Asset Global High Income Fund Inc stock A Buy?

Western Asset Global High Income Fund holds several negative signals and is within a narrow 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 stock.

Current score: -3.290 Sell Candidate Unchanged

Predicted Opening Price for Western Asset Global High Income Fund Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$7.04 ( 0.511%) $7.00

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

Trading levels for EHI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.14 2.04 %
R2 7.10 1.46 %
R1 7.08 1.10 %
Current price: 7.00
Support S1 6.99 -0.0746 %
S2 6.97 -0.436 %
S3 6.93 -1.02 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.23 3.29 %
R2 7.13 1.86 %
R1 7.05 0.714 %
Current price 7.00
Support S1 0 .
S2 0 .
S3 0 .

EHI Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 22, 2024 May 22, 2024 Jun 03, 2024 $0.0700 0.99%
2 Feb 20, 2024 Apr 22, 2024 May 01, 2024 $0.0700 0.99%
3 Feb 20, 2024 Mar 20, 2024 Apr 01, 2024 $0.0700 0.99%
4 Nov 16, 2023 Feb 21, 2024 Mar 01, 2024 $0.0670 0.94%
5 Nov 14, 2023 Jan 23, 2024 Feb 01, 2024 $0.0670 0.92%

FAQ

What is the symbol for Western Asset Global High Income Fund Inc Stock and on which exchange is it traded?
The symbol for Western Asset Global High Income Fund Inc is EHI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Western Asset Global High Income Fund Inc Stock?
Western Asset Global High Income Fund holds several negative signals and is within a narrow 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 stock.

How to buy Western Asset Global High Income Fund Inc Stock?
Western Asset Global High Income Fund Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Western Asset Global High Income Fund Inc Stock.

What's the current price of Western Asset Global High Income Fund Inc Stock?
As of the end of day on the 2024-03-28, the price of an Western Asset Global High Income Fund Inc (EHI) share was $7.00.

What is the 52-week high and low for Western Asset Global High Income Fund Inc Stock?
The 52-week high for Western Asset Global High Income Fund Inc Stock is $7.74 and the 52-week low is $6.00.

What is the market capitalization of Western Asset Global High Income Fund Inc Stock?
As of the 2024-03-28, the market capitalization of Western Asset Global High Income Fund Inc is 158.881M.
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About Western Asset Global High Income Fund Inc

Western Asset Global High Income Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Limited, and Western Asset Management Company Pte. Ltd. It invests in the fixed income markets across the globe. The fund invests in undervalued bonds of companies operating across diversified sectors. It seek... EHI Profile

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