CLOUGH GLOB. OPPORTUNITIES FUND - Daily - Technical analysis published on 03/04/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 4.57 USD
My targets
5.20 USD (+4.00%)
5.39 USD (+7.80%)
My analysis
CLOUGH GLOB. OPPORTUNITIES FUND is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 4.57 USD. The next resistance located at 5.20 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 5.39 USD. After this resistance, buyers could then target 6.28 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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
7.3
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Additional analysis
Quotes
CLOUGH GLOB. OPPORTUNITIES FUND rating 5.00 USD. On the day, this instrument lost -0.40% and was traded between 4.97 USD and 5.03 USD over the period. The price is currently at +0.60% from its lowest and -0.60% from its highest.4.97
5.03
5.00
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
Here is a more detailed summary of the historical variations registered by CLOUGH GLOB. OPPORTUNITIES FUND:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this CLOUGH GLOB. OPPORTUNITIES FUND chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.25 | 4.57 | 4.96 | 5.00 | 5.20 | 6.28 | 8.11 |
| Change (%) | -15.00% | -8.60% | -0.80% | - | +4.00% | +25.60% | +62.20% |
| Change | -0.75 | -0.43 | -0.04 | - | +0.20 | +1.28 | +3.11 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.91 | 4.94 | 4.98 | 5.01 | 5.05 | 5.08 | 5.12 |
| Camarilla | 5.00 | 5.01 | 5.01 | 5.02 | 5.03 | 5.03 | 5.04 |
| Woodie | 4.92 | 4.94 | 4.99 | 5.01 | 5.06 | 5.08 | 5.13 |
| Fibonacci | 4.94 | 4.97 | 4.98 | 5.01 | 5.04 | 5.05 | 5.08 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.84 | 4.89 | 4.95 | 5.00 | 5.06 | 5.11 | 5.17 |
| Camarilla | 4.99 | 5.00 | 5.01 | 5.02 | 5.03 | 5.04 | 5.05 |
| Woodie | 4.86 | 4.89 | 4.97 | 5.00 | 5.08 | 5.11 | 5.19 |
| Fibonacci | 4.89 | 4.93 | 4.96 | 5.00 | 5.04 | 5.07 | 5.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.49 | 4.61 | 4.79 | 4.91 | 5.09 | 5.21 | 5.39 |
| Camarilla | 4.89 | 4.92 | 4.94 | 4.97 | 5.00 | 5.03 | 5.05 |
| Woodie | 4.52 | 4.63 | 4.82 | 4.93 | 5.12 | 5.23 | 5.42 |
| Fibonacci | 4.61 | 4.73 | 4.80 | 4.91 | 5.03 | 5.10 | 5.21 |
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): | 63.70 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 8.61 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 5.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.84 | |
| Elder Ray (13): | 0.05 | |
| Super Trend (3,10): | 4.82 | |
| Zig ZAG (10): | 5.00 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 80.95 | |
| TEMA (21): | 5.01 | |
| Williams %R (14): | -17.62 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 0.7700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2200 | |
| Courbe Coppock: | 1.96 |
| MA7: | 4.97 | |
| MA20: | 4.94 | |
| MA50: | 4.76 | |
| MA100: | 4.54 | |
| MAexp7: | 4.98 | |
| MAexp20: | 4.92 | |
| MAexp50: | 4.78 | |
| MAexp100: | 4.65 | |
| Price / MA7: | +0.60% | |
| Price / MA20: | +1.21% | |
| Price / MA50: | +5.04% | |
| Price / MA100: | +10.13% | |
| Price / MAexp7: | +0.40% | |
| Price / MAexp20: | +1.63% | |
| Price / MAexp50: | +4.60% | |
| Price / MAexp100: | +7.53% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on CLOUGH GLOB. OPPORTUNITIES FUND at the time of the analysis were as follows:
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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