GAMCO GLOB. GOLD NATURAL RESOURCES & IN - Daily - Technical analysis published on 07/26/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 3.91 USD
My targets
4.19 USD (+2.52%)
4.28 USD (+4.57%)
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 3.91 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 4.19 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 4.28 USD as an objective. Crossing it would then enable buyers to target 6.45 USD. If the support 3.91 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 are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
5
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Additional analysis
Quotes
The GAMCO GLOB. GOLD NATURAL RESOURCES & IN price is 4.09 USD. The price registered a decrease of -0.49% on the session with the lowest point at 4.08 USD and the highest point at 4.13 USD. The deviation from the price is +0.25% for the low point and -0.97% for the high point.4.08
4.13
4.09
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GAMCO GLOB. GOLD NATURAL RESOURCES & IN:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
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
Technical analysis of GAMCO GLOB. GOLD NATURAL RESOURCES & IN in Daily shows an overall bullish trend. 78.57% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : Daily
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 | 3.59 | 3.74 | 3.91 | 4.09 | 4.15 | 6.45 | 11.93 |
| Change (%) | -12.22% | -8.56% | -4.40% | - | +1.47% | +57.70% | +191.69% |
| Change | -0.50 | -0.35 | -0.18 | - | +0.06 | +2.36 | +7.84 |
| Level | Intermediate | Minor | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.06 | 4.08 | 4.09 | 4.11 | 4.12 | 4.14 | 4.15 |
| Camarilla | 4.10 | 4.11 | 4.11 | 4.11 | 4.11 | 4.12 | 4.12 |
| Woodie | 4.07 | 4.08 | 4.10 | 4.11 | 4.13 | 4.14 | 4.16 |
| Fibonacci | 4.08 | 4.09 | 4.10 | 4.11 | 4.12 | 4.13 | 4.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.95 | 4.00 | 4.06 | 4.11 | 4.17 | 4.22 | 4.28 |
| Camarilla | 4.08 | 4.09 | 4.10 | 4.11 | 4.12 | 4.13 | 4.14 |
| Woodie | 3.95 | 4.00 | 4.06 | 4.11 | 4.17 | 4.22 | 4.28 |
| Fibonacci | 4.00 | 4.05 | 4.07 | 4.11 | 4.16 | 4.18 | 4.22 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.83 | 3.89 | 3.95 | 4.01 | 4.07 | 4.13 | 4.19 |
| Camarilla | 3.99 | 4.00 | 4.01 | 4.02 | 4.03 | 4.04 | 4.05 |
| Woodie | 3.84 | 3.89 | 3.96 | 4.01 | 4.08 | 4.13 | 4.20 |
| Fibonacci | 3.89 | 3.93 | 3.96 | 4.01 | 4.05 | 4.08 | 4.13 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.24 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 3.05 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 4.13 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.16 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 4.02 | |
| Zig ZAG (10): | 4.09 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 62.14 | |
| TEMA (21): | 4.13 | |
| Williams %R (14): | -53.57 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | -1.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 3.42 |
| MA7: | 4.11 | |
| MA20: | 4.09 | |
| MA50: | 4.04 | |
| MA100: | 3.95 | |
| MAexp7: | 4.11 | |
| MAexp20: | 4.09 | |
| MAexp50: | 4.04 | |
| MAexp100: | 3.95 | |
| Price / MA7: | -0.49% | |
| Price / MA20: | -0% | |
| Price / MA50: | +1.24% | |
| Price / MA100: | +3.54% | |
| Price / MAexp7: | -0.49% | |
| Price / MAexp20: | -0% | |
| Price / MAexp50: | +1.24% | |
| Price / MAexp100: | +3.54% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on GAMCO GLOB. GOLD NATURAL RESOURCES & IN at the time of the analysis were 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
- 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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