CLOUGH GLOB. OPPORTUNITIES FUND - 1H - Technical analysis published on 03/08/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 5.03 USD
My targets
5.20 USD (+2.77%)
5.39 USD (+6.52%)
My analysis
The bullish trend is currently very strong on CLOUGH GLOB. OPPORTUNITIES FUND. As long as the price remains above the support at 5.03 USD, you could try to benefit from the boom. The first bullish objective is located at 5.20 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 5.39 USD as an objective. Crossing it would then enable buyers to target 6.28 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.2
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Additional analysis
Quotes
CLOUGH GLOB. OPPORTUNITIES FUND rating 5.06 USD. The price is lower by -0.20% since the last closing and was traded between 5.05 USD and 5.09 USD over the period. The price is currently at +0.20% from its lowest and -0.59% from its highest.5.05
5.09
5.06
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:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of CLOUGH GLOB. OPPORTUNITIES FUND indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Downside gap
Type : Bearish
Timeframe : 1 hour
Dragon-fly doji
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 4.84 | 4.99 | 5.03 | 5.06 | 5.20 | 6.28 | 8.11 |
| Change (%) | -4.35% | -1.38% | -0.59% | - | +2.77% | +24.11% | +60.28% |
| Change | -0.22 | -0.07 | -0.03 | - | +0.14 | +1.22 | +3.05 |
| Level | Minor | Intermediate | 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 | 4.96 | 4.99 | 5.03 | 5.06 | 5.10 | 5.13 | 5.17 |
| Camarilla | 5.05 | 5.06 | 5.06 | 5.07 | 5.08 | 5.08 | 5.09 |
| Woodie | 4.97 | 4.99 | 5.04 | 5.06 | 5.11 | 5.13 | 5.18 |
| Fibonacci | 4.99 | 5.02 | 5.03 | 5.06 | 5.09 | 5.10 | 5.13 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 56.27 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 12.64 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 5.07 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.03 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 5.02 | |
| Zig ZAG (10): | 5.06 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 72.56 | |
| TEMA (21): | 5.08 | |
| Williams %R (14): | -36.44 | |
| Chande Momentum Oscillator (20): | 0.05 | |
| Repulse (5,40,3): | 0.1200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 2.35 |
| MA7: | 5.02 | |
| MA20: | 4.97 | |
| MA50: | 4.79 | |
| MA100: | 4.57 | |
| MAexp7: | 5.06 | |
| MAexp20: | 5.05 | |
| MAexp50: | 5.02 | |
| MAexp100: | 4.98 | |
| Price / MA7: | +0.80% | |
| Price / MA20: | +1.81% | |
| Price / MA50: | +5.64% | |
| Price / MA100: | +10.72% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.20% | |
| Price / MAexp50: | +0.80% | |
| Price / MAexp100: | +1.61% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
News
The last news published on CLOUGH GLOB. OPPORTUNITIES FUND at the time of the generation of this analysis was 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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