Technical Analysis for HGLB - Highland Global Allocation Fund
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| A | 7.83 | 0.00% | 0.00 |
HGLB closed unchanged on Wednesday, October 2, 2024, on 1.21 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Up | Up | Flat |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Hammer Candlestick | Bullish | 0.00% | |
| Upper Bollinger Band Walk | Strength | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Stochastic Reached Overbought | Strength | 0.00% | |
| Upper Bollinger Band Walk | Strength | 0.00% | |
| Inside Day | Range Contraction | 0.00% | |
| Overbought Stochastic | Strength | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| Gapped Down | Weakness | 0.00% | |
| New 52 Week Closing High | Bullish | -0.38% |
| Alert | Time |
|---|---|
| 10 DMA Support | about 17 hours ago |
| 20 DMA Support | about 19 hours ago |
| Fell Below Previous Day's Low | about 19 hours ago |
| Down 1% | about 19 hours ago |
| Fell Below 10 DMA | about 19 hours ago |
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Basic chart:
The Global Allocation Fund, managed by James Dondero, invests primarily in U.S. and foreign equity and debt securities that the portfolio manager considers to be undervalued by the market but have solid growth prospects. Undervalued securities are those securities that are undervalued relative to the market, their peers, their historical valuation or their growth rate.
Keywords: Exchange Traded Fund ETF Debt Securities Fundamental Analysis Foreign Exchange Market Portfolio Manager Global Allocation Fund
Classification
Keywords: Exchange Traded Fund ETF Debt Securities Fundamental Analysis Foreign Exchange Market Portfolio Manager Global Allocation Fund
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 7.89 |
| 52 Week Low | 5.7147 |
| Average Volume | 48,067 |
| 200-Day Moving Average | 7.28 |
| 50-Day Moving Average | 7.64 |
| 20-Day Moving Average | 7.76 |
| 10-Day Moving Average | 7.80 |
| Average True Range | 0.09 |
| RSI (14) | 59.35 |
| ADX | 10.35 |
| +DI | 17.59 |
| -DI | 13.66 |
| Chandelier Exit (Long, 3 ATRs) | 7.61 |
| Chandelier Exit (Short, 3 ATRs) | 7.83 |
| Upper Bollinger Bands | 7.88 |
| Lower Bollinger Band | 7.64 |
| Percent B (%b) | 0.8 |
| BandWidth | 2.98 |
| MACD Line | 0.06 |
| MACD Signal Line | 0.06 |
| MACD Histogram | 0.0006 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 7.92 | ||||
| Resistance 3 (R3) | 7.91 | 7.87 | 7.91 | ||
| Resistance 2 (R2) | 7.87 | 7.85 | 7.88 | 7.90 | |
| Resistance 1 (R1) | 7.85 | 7.83 | 7.86 | 7.86 | 7.89 |
| Pivot Point | 7.81 | 7.81 | 7.82 | 7.82 | 7.81 |
| Support 1 (S1) | 7.79 | 7.79 | 7.80 | 7.80 | 7.77 |
| Support 2 (S2) | 7.75 | 7.77 | 7.76 | 7.76 | |
| Support 3 (S3) | 7.73 | 7.75 | 7.76 | ||
| Support 4 (S4) | 7.74 |
