GAMCO GLOB. GOLD NATURAL RESOURCES & IN - 1H - Technical analysis published on 02/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
11%
61%
My opinion
Bullish above 3.73 USD
My targets
3.93 USD (+4.52%)
4.09 USD (+8.78%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 3.73 USD remains possible. It is advisable to trade GAMCO GLOB. GOLD NATURAL RESOURCES & IN with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 3.73 USD. The next bullish objective for buyers is set at 3.93 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.09 USD. If there is any crossing, the next objective would be the resistance located at 12.48 USD. PS: if there is a bearish break in the support located at 3.73 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
2.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GAMCO GLOB. GOLD NATURAL RESOURCES & IN rating 3.76 USD. The price is lower by -0.53% since the last closing with the lowest point at 3.76 USD and the highest point at 3.78 USD. The deviation from the price is 0% for the low point and -0.53% for the high point.3.76
3.78
3.76
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GAMCO GLOB. GOLD NATURAL RESOURCES & IN chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 11 are neutral and 2 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.69 | 3.73 | 3.75 | 3.76 | 3.76 | 3.93 | 4.09 |
| Change (%) | -1.86% | -0.80% | -0.27% | 0% | - | +4.52% | +8.78% |
| Change | -0.07 | -0.03 | -0.01 | 0 | - | +0.17 | +0.33 |
| Level | Minor | Intermediate | Major | Intermediate | - | Minor | Minor |
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 | 3.75 | 3.76 | 3.77 | 3.78 | 3.79 | 3.80 | 3.81 |
| Camarilla | 3.78 | 3.78 | 3.78 | 3.78 | 3.78 | 3.78 | 3.79 |
| Woodie | 3.75 | 3.76 | 3.77 | 3.78 | 3.79 | 3.80 | 3.81 |
| Fibonacci | 3.76 | 3.77 | 3.77 | 3.78 | 3.79 | 3.79 | 3.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.61 | 3.64 | 3.70 | 3.73 | 3.79 | 3.82 | 3.88 |
| Camarilla | 3.73 | 3.73 | 3.74 | 3.75 | 3.76 | 3.77 | 3.78 |
| Woodie | 3.62 | 3.65 | 3.71 | 3.74 | 3.80 | 3.83 | 3.89 |
| Fibonacci | 3.64 | 3.68 | 3.70 | 3.73 | 3.77 | 3.79 | 3.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.56 | 3.61 | 3.69 | 3.74 | 3.82 | 3.87 | 3.95 |
| Camarilla | 3.73 | 3.75 | 3.76 | 3.77 | 3.78 | 3.79 | 3.81 |
| Woodie | 3.58 | 3.62 | 3.71 | 3.75 | 3.84 | 3.88 | 3.97 |
| Fibonacci | 3.61 | 3.66 | 3.69 | 3.74 | 3.79 | 3.82 | 3.87 |
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): | 45.43 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | -0.43 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 3.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.79 | |
| Elder Ray (13): | 0 | |
| Super Trend (3,10): | 3.75 | |
| Zig ZAG (10): | 3.77 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 50.89 | |
| TEMA (21): | 3.78 | |
| Williams %R (14): | -83.33 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -0.4100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0300 | |
| Courbe Coppock: | 0.52 |
| MA7: | 3.77 | |
| MA20: | 3.73 | |
| MA50: | 3.71 | |
| MA100: | 3.68 | |
| MAexp7: | 3.77 | |
| MAexp20: | 3.77 | |
| MAexp50: | 3.76 | |
| MAexp100: | 3.74 | |
| Price / MA7: | -0.27% | |
| Price / MA20: | +0.80% | |
| Price / MA50: | +1.35% | |
| Price / MA100: | +2.17% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | -0.27% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | +0.53% |
Quotes :
-
15 min delayed data
-
NYSE MKT Stocks
News
The last news published on GAMCO GLOB. GOLD NATURAL RESOURCES & IN at the time of the generation of this analysis 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
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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