CORNERSTONE TOTAL RETURN FUND - 1H - Technical analysis published on 01/27/2025 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under
My targets
()
()
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade CORNERSTONE TOTAL RETURN FUND with the greatest caution, while favouring short positions (for sale) as long as the price remains well below . The next bearish objective for sellers is set at . A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at . In case of crossing, the next objective would be the support located at . In the event of a bullish break in the resistance located at a certain indecision would take hold.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
4.3
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Additional analysis
Quotes
CORNERSTONE TOTAL RETURN FUND rating 8.70 USD. On the day, this instrument lost -1.14% with the lowest point at 8.60 USD and the highest point at 8.73 USD. The deviation from the price is +1.16% for the low point and -0.34% for the high point.8.60
8.73
8.70
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by CORNERSTONE TOTAL RETURN FUND:
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 this 1H chart of CORNERSTONE TOTAL RETURN FUND indicates that the overall trend is slightly bearish. 60.71% of the signals given by moving averages are bearish. The overall trend remains fragile, reflecting the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further decline is low given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
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
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
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 | 8.21 | 8.56 | 8.65 | 8.70 | 8.76 | 8.82 | 8.93 |
| Change (%) | -5.63% | -1.61% | -0.57% | - | +0.69% | +1.38% | +2.64% |
| Change | -0.49 | -0.14 | -0.05 | - | +0.06 | +0.12 | +0.23 |
| Level | Major | Intermediate | Minor | - | Intermediate | Major | Intermediate |
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 | 8.67 | 8.71 | 8.76 | 8.80 | 8.85 | 8.89 | 8.94 |
| Camarilla | 8.78 | 8.78 | 8.79 | 8.80 | 8.81 | 8.82 | 8.83 |
| Woodie | 8.67 | 8.71 | 8.76 | 8.80 | 8.85 | 8.89 | 8.94 |
| Fibonacci | 8.71 | 8.75 | 8.77 | 8.80 | 8.84 | 8.86 | 8.89 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.44 | 8.57 | 8.68 | 8.81 | 8.92 | 9.05 | 9.16 |
| Camarilla | 8.73 | 8.76 | 8.78 | 8.80 | 8.82 | 8.84 | 8.87 |
| Woodie | 8.44 | 8.57 | 8.68 | 8.81 | 8.92 | 9.05 | 9.16 |
| Fibonacci | 8.57 | 8.66 | 8.72 | 8.81 | 8.90 | 8.96 | 9.05 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.13 | 7.00 | 7.78 | 8.65 | 9.43 | 10.30 | 11.08 |
| Camarilla | 8.12 | 8.27 | 8.42 | 8.57 | 8.72 | 8.87 | 9.02 |
| Woodie | 6.10 | 6.98 | 7.75 | 8.63 | 9.40 | 10.28 | 11.05 |
| Fibonacci | 7.00 | 7.63 | 8.02 | 8.65 | 9.28 | 9.67 | 10.30 |
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): | 42.13 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -15.19 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 8.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.78 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 8.79 | |
| Zig ZAG (10): | 8.68 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 28.00 | |
| TEMA (21): | 8.67 | |
| Williams %R (14): | -66.00 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | 0.2800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 2.72 |
| MA7: | 8.74 | |
| MA20: | 8.69 | |
| MA50: | 8.73 | |
| MA100: | 8.27 | |
| MAexp7: | 8.69 | |
| MAexp20: | 8.74 | |
| MAexp50: | 8.74 | |
| MAexp100: | 8.72 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | +0.12% | |
| Price / MA50: | -0.34% | |
| Price / MA100: | +5.20% | |
| Price / MAexp7: | +0.12% | |
| Price / MAexp20: | -0.46% | |
| Price / MAexp50: | -0.46% | |
| Price / MAexp100: | -0.23% |
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 TOTAL RETURN FUND at the time of the analysis were as follows:
- Cornerstone Total Return Fund, Inc. Announces Completion of Rights Offering
- Cornerstone Total Return Fund, Inc. Announces the Commencement of Its Rights Offering
- Cornerstone Total Return Fund, Inc. Announces Record Date for Rights Offering
- Cornerstone Total Return Fund, Inc. Announces the Commencement of Its Rights Offering
This member declared not having a position on this financial instrument or a related financial instrument.
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