CORNERSTONE TOTAL RETURN FUND
CRF
- USD (-)
- 15 min delayed data - NYSE MKT Stocks
Open: -
Change: -
Volume: -
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High / Low range: -
Type: ETF
Ticker: CRF
ISIN:

CORNERSTONE TOTAL RETURN FUND - Daily - Technical analysis published on 10/30/2024 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 8.25 USD
My targets
8.57 USD (+1.63%)
9.47 USD (+12.34%)
My analysis
CORNERSTONE TOTAL RETURN 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 8.25 USD. The next resistance located at 8.57 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 9.47 USD. After this resistance, buyers could then target 10.01 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.

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

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The CORNERSTONE TOTAL RETURN FUND price is 8.43 USD. The price registered a decrease of -0.12% on the session and was traded between 8.41 USD and 8.47 USD over the period. The price is currently at +0.24% from its lowest and -0.47% from its highest.

8.41
8.47
8.43

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by CORNERSTONE TOTAL RETURN FUND:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

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 CORNERSTONE TOTAL RETURN FUND in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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 Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Central Candlesticks

Doji

Type : Neutral

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 7.10 7.44 8.25 8.43 9.47 10.01 10.54
Change (%) -15.78% -11.74% -2.14% - +12.34% +18.74% +25.03%
Change -1.33 -0.99 -0.18 - +1.04 +1.58 +2.11
Level Intermediate Intermediate Major - Minor 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
Standard8.368.388.418.438.468.488.51
Camarilla8.438.438.448.448.458.458.45
Woodie8.378.388.428.438.478.488.52
Fibonacci8.388.408.418.438.458.468.48


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard8.188.248.328.388.468.528.60
Camarilla8.368.378.398.408.418.438.44
Woodie8.198.258.338.398.478.538.61
Fibonacci8.248.298.338.388.438.478.52


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard7.257.397.697.838.138.278.57
Camarilla7.867.907.947.988.028.068.10
Woodie7.327.437.767.878.208.318.64
Fibonacci7.397.567.677.838.008.118.27

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): 74.81
MACD (12,26,9): 0.1500
Directional Movement: 19.20
AROON (14): 100.00
DEMA (21): 8.49
Parabolic SAR (0,02-0,02-0,2): 8.31
Elder Ray (13): 0.08
Super Trend (3,10): 8.22
Zig ZAG (10): 8.46
VORTEX (21): 1.2800
Stochastique (14,3,5): 95.80
TEMA (21): 8.50
Williams %R (14): -7.41
Chande Momentum Oscillator (20): 0.12
Repulse (5,40,3): 0.6800
ROCnROLL: 1
TRIX (15,9): 0.2900
Courbe Coppock: 6.58
MA7: 8.41
MA20: 8.29
MA50: 7.94
MA100: 7.66
MAexp7: 8.41
MAexp20: 8.28
MAexp50: 8.01
MAexp100: 7.70
Price / MA7: +0.24%
Price / MA20: +1.69%
Price / MA50: +6.17%
Price / MA100: +10.05%
Price / MAexp7: +0.24%
Price / MAexp20: +1.81%
Price / MAexp50: +5.24%
Price / MAexp100: +9.48%

Quotes : - 15 min delayed data - NYSE MKT Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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