Technical Analysis for VGI - Virtus Global Multi-Sector Income Fund

Grade Last Price % Change Price Change
A 8.11 0.19% 0.02
VGI closed up 0.19 percent on Tuesday, October 1, 2024, on approximately normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Up 3 Days in a Row Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Pocket Pivot Bullish Swing Setup 0.19%
NR7 Range Contraction 1.06%
Narrow Range Bar Range Contraction 1.06%
Three Weeks Tight Range Contraction 1.06%
Inside Day Range Contraction 1.06%
Gapped Up Strength 1.06%
Gapped Up Strength 1.38%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 11 hours ago
Rose Above Previous Day's High about 11 hours ago
Rose Above Upper Bollinger Band about 11 hours ago
Up 1% about 11 hours ago
Upper Bollinger Band Resistance about 11 hours ago

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Profile

Virtus Global Multi-Sector Income Fund Description

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc. The fund is co-managed by Virtus Investment Advisers, Inc. and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds. It invests in securities with average duration which varies within three years (plus or minus) of the duration of the Barclays Global Aggregate Bond Index. The fund employs fundamental analysis with a top-down and bottom-up stock picking approach while focusing on factors such as yield and spreads, supply and demand, investment environment, sector fundamentals, assessment of credit risk, company management, issue structure, technical market conditions, and valuations to create its portfolio. It seeks to benchmark the performance of its portfolio against the Barclays Global Aggregate Bond Index. Virtus Global Multi-Sector Income Fund was formed on February 23, 2012 and is domiciled in the United States.


Classification

Keywords: Exchange Traded Fund ETF High Yield Debt Credit Risk Bank Loans Company Management

Is VGI 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 8.2176
52 Week Low 5.9487
Average Volume 43,084
200-Day Moving Average 7.29
50-Day Moving Average 7.78
20-Day Moving Average 8.00
10-Day Moving Average 8.05
Average True Range 0.09
RSI (14) 69.04
ADX 53.66
+DI 34.79
-DI 9.28
Chandelier Exit (Long, 3 ATRs) 7.95
Chandelier Exit (Short, 3 ATRs) 8.07
Upper Bollinger Bands 8.16
Lower Bollinger Band 7.84
Percent B (%b) 0.83
BandWidth 4.04
MACD Line 0.08
MACD Signal Line 0.09
MACD Histogram -0.0082
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.26
Resistance 3 (R3) 8.27 8.22 8.23
Resistance 2 (R2) 8.22 8.18 8.22 8.23
Resistance 1 (R1) 8.17 8.16 8.19 8.16 8.22
Pivot Point 8.12 8.12 8.14 8.12 8.12
Support 1 (S1) 8.07 8.09 8.10 8.06 8.00
Support 2 (S2) 8.02 8.06 8.02 7.99
Support 3 (S3) 7.97 8.02 7.99
Support 4 (S4) 7.96