GAMCO GLOB. GOLD NATURAL RESOURCES & IN - 1H - Technical analysis published on 04/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 4.00 USD
My targets
4.11 USD (+1.99%)
4.15 USD (+2.98%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GAMCO GLOB. GOLD NATURAL RESOURCES & IN. As long as you are above the support located at 4.00 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 4.11 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 4.15 USD as an objective. Crossing it would then enable buyers to target 12.20 USD. If the support 4.00 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GAMCO GLOB. GOLD NATURAL RESOURCES & IN price is 4.03 USD. On the day, this instrument gained +1.00% and was between 3.96 USD and 4.04 USD. This implies that the price is at +1.77% from its lowest and at -0.25% from its highest.3.96
4.04
4.03
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GAMCO GLOB. GOLD NATURAL RESOURCES & IN in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.90 | 3.96 | 4.00 | 4.03 | 4.11 | 4.15 | 12.20 |
| Change (%) | -3.23% | -1.74% | -0.74% | - | +1.99% | +2.98% | +202.73% |
| Change | -0.13 | -0.07 | -0.03 | - | +0.08 | +0.12 | +8.17 |
| Level | Minor | Minor | Major | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.82 | 3.89 | 3.94 | 4.01 | 4.06 | 4.13 | 4.18 |
| Camarilla | 3.96 | 3.97 | 3.98 | 3.99 | 4.00 | 4.01 | 4.02 |
| Woodie | 3.81 | 3.89 | 3.93 | 4.01 | 4.05 | 4.13 | 4.17 |
| Fibonacci | 3.89 | 3.94 | 3.96 | 4.01 | 4.06 | 4.08 | 4.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.83 | 3.90 | 4.01 | 4.08 | 4.19 | 4.26 | 4.37 |
| Camarilla | 4.08 | 4.10 | 4.11 | 4.13 | 4.15 | 4.16 | 4.18 |
| Woodie | 3.86 | 3.91 | 4.04 | 4.09 | 4.22 | 4.27 | 4.40 |
| Fibonacci | 3.90 | 3.97 | 4.01 | 4.08 | 4.15 | 4.19 | 4.26 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.52 | 3.58 | 3.71 | 3.77 | 3.90 | 3.96 | 4.09 |
| Camarilla | 3.78 | 3.80 | 3.81 | 3.83 | 3.85 | 3.87 | 3.88 |
| Woodie | 3.55 | 3.60 | 3.74 | 3.79 | 3.93 | 3.98 | 4.12 |
| Fibonacci | 3.58 | 3.66 | 3.70 | 3.77 | 3.85 | 3.89 | 3.96 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.67 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 3.76 | |
| AROON (14): | -7.14 | |
| DEMA (21): | 4.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.05 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 4.05 | |
| Zig ZAG (10): | 4.04 | |
| VORTEX (21): | 0.8600 | |
| Stochastique (14,3,5): | 44.44 | |
| TEMA (21): | 3.99 | |
| Williams %R (14): | -37.50 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 1.0200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.92 |
| MA7: | 4.07 | |
| MA20: | 3.94 | |
| MA50: | 3.79 | |
| MA100: | 3.71 | |
| MAexp7: | 4.01 | |
| MAexp20: | 4.02 | |
| MAexp50: | 4.02 | |
| MAexp100: | 3.98 | |
| Price / MA7: | -0.98% | |
| Price / MA20: | +2.28% | |
| Price / MA50: | +6.33% | |
| Price / MA100: | +8.63% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | +0.25% | |
| Price / MAexp50: | +0.25% | |
| Price / MAexp100: | +1.26% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
Don't forget to follow the news on GAMCO GLOB. GOLD NATURAL RESOURCES & IN. At the time of publication of this analysis, the latest news was as follows:
- Gamco Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
- GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
- GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
- GAMCO Global Gold, Natural Resources & Income Trust Declares Monthly Distributions of $0.03 Per Share
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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