Technical Analysis for GLV - Clough Global Allocation Fund

Grade Last Price % Change Price Change
C 5.78 1.14% 0.07
GLV closed up 1.14 percent on Friday, November 1, 2024, on 54 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Flat Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
1,2,3 Pullback Bullish Bullish Swing Setup 0.00%
Inside Day Range Contraction 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish 1.14%
Fell Below 50 DMA Bearish 1.14%
MACD Bearish Centerline Cross Bearish 1.14%
180 Bearish Setup Bearish Swing Setup 1.14%
Wide Range Bar Range Expansion 1.14%

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Profile

Clough Global Allocation Fund Description

Clough Global Allocation Fund is a close-ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. For the fund's fixed income investments, it invests in corporate and sovereign debt. It invest in fixed income securities having a maturity ranging from 30 days to over 30 years. The fund invests in non-U.S. markets primarily through liquid securities, including depositary receipts. Its equity portion primarily invests in stocks of small-cap and mid-cap companies. The fund employs a fundamental analysis with a bottom-up stock picking approach to make its investments. It primarily employs a theme-oriented investment approach which emphasizes on industry consolidation, technological change, an emerging shortage of a product or raw material which derives from a period of under-investment, and changes in government regulation or major economic or investment cycles. The fund's research process includes identifying shortages, global geographic growth opportunities, and unique global credit market opportunities. Clough Global Allocation Fund was formed on April 27, 2004 and is domiciled in the United States.


Classification

Keywords: Exchange Traded Fund ETF Stock Fund Mutual Fund Sovereign Wealth Funds Hedge Funds Technological Change Abu Dhabi Investment Council Global Allocation Fund

Is GLV a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 6.3
52 Week Low 4.4136
Average Volume 40,555
200-Day Moving Average 5.40
50-Day Moving Average 5.79
20-Day Moving Average 5.87
10-Day Moving Average 5.83
Average True Range 0.11
RSI (14) 46.24
ADX 34.99
+DI 28.40
-DI 13.91
Chandelier Exit (Long, 3 ATRs) 5.97
Chandelier Exit (Short, 3 ATRs) 6.02
Upper Bollinger Bands 6.02
Lower Bollinger Band 5.71
Percent B (%b) 0.21
BandWidth 5.29
MACD Line -0.01
MACD Signal Line 0.02
MACD Histogram -0.0251
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 5.92
Resistance 3 (R3) 5.91 5.87 5.89
Resistance 2 (R2) 5.87 5.83 5.87 5.88
Resistance 1 (R1) 5.82 5.81 5.85 5.83 5.88
Pivot Point 5.78 5.78 5.79 5.78 5.78
Support 1 (S1) 5.73 5.74 5.76 5.74 5.68
Support 2 (S2) 5.69 5.72 5.69 5.68
Support 3 (S3) 5.64 5.69 5.67
Support 4 (S4) 5.65