GPM - Guggenheim Enhanced Equity Income Fund

Industry: Closed-End Fund - Equity Sector: Financial Exchange: NYSE

GPM - Guggenheim Enhanced Equity Income Fund

Industry: Closed-End Fund - Equity Sector: Financial Exchange: NYSE
#4089()/7615

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 0.23%
PRICE $8.75
VOLUME
Sell
TREND
Buy

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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Guggenheim Enhanced Equity Income Fund Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Sell candidate since 2018-09-13 Loss -0.57%
Shorts 0.55% ( 2013-01-15 )
Cash n/a
Loans n/a
Beta 1.09
ROA 9.77

Guggenheim Enhanced Equity Income Fund gained 0.23% in the last trading day, rising from $8.73 to $8.75 The price has fallen in 6 of the last 10 days and is down by -3.21% for this period. Volume fell in the last day by -36 919 shares, and in total, 99 481 shares bought and sold for approximately $870 459.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Guggenheim Enhanced Equity Income Fund lies in the lower part of a narrow 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 $8.74 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 5.88% during the next 3 months and, with 90% probability hold a price between $9.25 and $9.68 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Monday September 17, 2018, 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. Guggenheim Enhanced Equity Income 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 $8.88 and $8.92. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

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Relative Strength Index (RSI)

RSI14 is 32 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Guggenheim Enhanced Equity Income Fund finds support from accumulated volume at $8.64.

Support: $8.64 Price: $8.75 Resistance: $8.78

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

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

Overall risk:

Very Low Low Medium High Very High

Evaluation

The Guggenheim Enhanced Equity Income Fund stock holds several negative signals and despite the positive trend we believe Guggenheim Enhanced Equity Income Fund will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Sell Candidate

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