CORNERSTONE STRATEGIC INVESTMENT FUND - Daily - Technical analysis published on 12/09/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 8.96 USD
My targets
9.56 USD (+4.94%)
10.33 USD (+13.39%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on CORNERSTONE STRATEGIC INVESTMENT FUND as long as the price remains well above 8.96 USD. The buyers' bullish objective is set at 9.56 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 10.33 USD. If there is any crossing, the next objective would be the resistance located at 10.96 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. 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
CORNERSTONE STRATEGIC INVESTMENT FUND rating 9.11 USD. The price is lower by -0.76% since the last closing and was between 9.09 USD and 9.18 USD. This implies that the price is at +0.22% from its lowest and at -0.76% from its highest.9.09
9.18
9.11
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
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 HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CORNERSTONE STRATEGIC INVESTMENT FUND in Daily shows a strongly overall 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 7.96 | 8.16 | 8.96 | 9.11 | 9.56 | 10.33 | 10.96 |
| Change (%) | -12.62% | -10.43% | -1.65% | - | +4.94% | +13.39% | +20.31% |
| Change | -1.15 | -0.95 | -0.15 | - | +0.45 | +1.22 | +1.85 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.00 | 9.08 | 9.13 | 9.21 | 9.26 | 9.34 | 9.39 |
| Camarilla | 9.14 | 9.16 | 9.17 | 9.18 | 9.19 | 9.20 | 9.22 |
| Woodie | 8.99 | 9.07 | 9.12 | 9.20 | 9.25 | 9.33 | 9.38 |
| Fibonacci | 9.08 | 9.13 | 9.16 | 9.21 | 9.26 | 9.29 | 9.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.69 | 8.83 | 9.01 | 9.15 | 9.33 | 9.47 | 9.65 |
| Camarilla | 9.09 | 9.12 | 9.15 | 9.18 | 9.21 | 9.24 | 9.27 |
| Woodie | 8.70 | 8.84 | 9.02 | 9.16 | 9.34 | 9.48 | 9.66 |
| Fibonacci | 8.83 | 8.96 | 9.03 | 9.15 | 9.28 | 9.35 | 9.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.17 | 7.55 | 8.26 | 8.64 | 9.35 | 9.73 | 10.44 |
| Camarilla | 8.68 | 8.78 | 8.88 | 8.98 | 9.08 | 9.18 | 9.28 |
| Woodie | 7.35 | 7.63 | 8.44 | 8.72 | 9.53 | 9.81 | 10.62 |
| Fibonacci | 7.55 | 7.96 | 8.22 | 8.64 | 9.05 | 9.31 | 9.73 |
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): | 82.83 | |
| MACD (12,26,9): | 0.2800 | |
| Directional Movement: | 33.91 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 9.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.83 | |
| Elder Ray (13): | 0.26 | |
| Super Trend (3,10): | 8.90 | |
| Zig ZAG (10): | 9.18 | |
| VORTEX (21): | 1.3100 | |
| Stochastique (14,3,5): | 86.15 | |
| TEMA (21): | 9.26 | |
| Williams %R (14): | -15.58 | |
| Chande Momentum Oscillator (20): | 0.52 | |
| Repulse (5,40,3): | -1.0100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4800 | |
| Courbe Coppock: | 10.94 |
| MA7: | 9.11 | |
| MA20: | 8.85 | |
| MA50: | 8.22 | |
| MA100: | 7.73 | |
| MAexp7: | 9.10 | |
| MAexp20: | 8.82 | |
| MAexp50: | 8.35 | |
| MAexp100: | 7.91 | |
| Price / MA7: | -0% | |
| Price / MA20: | +2.94% | |
| Price / MA50: | +10.83% | |
| Price / MA100: | +17.85% | |
| Price / MAexp7: | +0.11% | |
| Price / MAexp20: | +3.29% | |
| Price / MAexp50: | +9.10% | |
| Price / MAexp100: | +15.17% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on CORNERSTONE STRATEGIC INVESTMENT FUND at the time of the analysis were as follows:
- Cornerstone Strategic Value Fund, Inc. Announces Name Change
- Cornerstone Funds Announce Continuing Monthly Distributions and Reset Distribution Amounts for 2025
- Cornerstone Funds Announce Continuing Monthly Distributions for 2024 and Distribution Percentage for 2025
- Cornerstone Funds Announce Continuing Monthly Distributions
- Cornerstone Funds Announce Continuing Monthly Distributions
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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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