Clough Global Opportunities Fund Forecast and Stock Analysis
Technical GLO.L stock analysis for Wednesday June 19, 2019.
No changes to the price of Clough Global Opportunities Fund in the last trading day ( Wednesday, 19th Jun 2019 ). During day the stock fluctuated 2.34% from a day low at £188.00 to a day high of £192.40. The price has fallen in 5 of the last 10 days and is down by -4.76% for this period.
- 30 day high of the GLO.L stock price was £214.50 and low was £182.40.
- 90 day high was £218.50 and low was £161.00.
- 52 week high for the Clough Global Opportunities Fund - £266.00 and low - £1.77.
Clough Global Opportunities Fund lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at £183.78 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.56% during the next 3 months and, with 90% probability hold a price between £199.51 and £247.20 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday June 18, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Clough Global Opportunities Fund holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 £199.33 and £200.19. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days.
Relative Strength Index (RSI)
RSI14 is 48 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at £175.00 and £172.60.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Clough Global Opportunities Fund finds support just below today's level at £175.00. If this is broken, then the next support from accumulated volume will be at £172.60 and £169.00.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved £4.40 between high and low, or 2.34%. For the last week, the stock has had a daily average volatility of 5.45%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
5.45 %Average volatility
Very Low Low Medium High Very High
The Clough Global Opportunities Fund stock holds several negative signals and despite the positive trend we believe Clough Global Opportunities Fund will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
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