Fri 23'rd Feb 2018
Guggenheim Enhanced Equity Income Fund Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||0.55% ( 2013-01-15 )|
Given the current horizontal trend you can expect Guggenheim Enhanced Equity Income Fund with 90% probability to be traded between $8.30 and $9.38 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
A buy signal was issued from a pivot bottom point on Friday February 09, 2018, which indicates further gains until a new top pivot has been found. Guggenheim Enhanced Equity Income Fund has rising 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. Guggenheim Enhanced Equity Income Fund holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $9.00. On a fall, the stock will find some support from the short-term average at $8.73. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 45 and the stock is currently not being overbought or oversold
Support & Resistance
Guggenheim Enhanced Equity Income Fund finds support from accumulated volume at $8.71. On the upside the stock meets some resistance just above today's level from accumulated volume at $8.90, $8.97 and $9.41.
The stock is about to test the resistance from accumulated volume at $8.90 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $0.09 between high and low, or 0.98%. For the last week, the stock has had a daily average volatility of 1.02%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Trade GPM CFDs with Plus500
Your capital is at risk.
Important: Plus500 doesn't offer signals and it is a CFD service.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
Access these features
Auto portfolios gaining up to 30%
Top 5 Candidates in all Lists
Ultimate List Builder