WESTERN ASSET GLB PTNRS INCOME (GDF) Technical Analysis
NYSE:GDF • US95766G1085
Current stock price
GDF Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to GDF. Although GDF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- GDF is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so GDF is leading the market.
- When comparing the yearly performance of all stocks, we notice that GDF is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month GDF has a been trading in a tight range between 8.82 and 9.32.
- Volume is considerably higher in the last couple of days.
GDF Weekly and Daily overview Charts
GDF Setup Rating and Analysis
GDF has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
GDF Support and Resistance Analysis
8.03
3 important support areas can be observed.
- A support zone ranging from 9.10 to 9.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.68 from a trend line in the daily time frame.
- A support zone ranging from 8.11 to 8.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.31 to 9.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
GDF Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for GDF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GDF is up. |
| ChartMill Relative Strength | 73.86 | POSITIVE | GDF has a high relative strength, it outperformed 73.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GDF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GDF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GDF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.41 | OVERBOUGHT | The high RSI value suggests GDF may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests GDF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 91.22 | OVERBOUGHT | The high Stochastics value suggests GDF may be overbought. |
| Average True Range in percent/ATR (20) | 0.7 | LOW VOLATILITY | The low ATR as a percentage value for GDF suggests low volalility. |
GDF Chart- and CandleStick Pattern Analysis
GDF Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.36 | 9.08 | 0.28 (2.99%) | 25.00% |
| An entry @9.36. This is a Buy Stop order right above the resistance zone. | An exit @9.08. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.28 points, which is 2.99%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.75%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
GDF Technicals: Chart, Performance Metrics, Trend & Indicators
WESTERN ASSET GLB PTNRS INCOME
NYSE:GDF (8/26/2016, 8:04:32 PM)
9.3
+0.02 (+0.22%)
WESTERN ASSET GLB PTNRS INCOME / GDF TA FAQ
Can you provide the ChartMill technical rating for WESTERN ASSET GLB PTNRS INCOME?
ChartMill assigns a technical rating of 8 / 10 to GDF.
What is the trend direction for GDF stock?
The current trend direction for WESTERN ASSET GLB PTNRS INCOME (GDF) is Bullish.
What is the RSI signal for GDF stock?
WESTERN ASSET GLB PTNRS INCOME (GDF) has an RSI value of 80.4147. This indicates that the stock is currently overbought.
What is the short term momentum for WESTERN ASSET GLB PTNRS INCOME (GDF) stock?
The short term momentum for WESTERN ASSET GLB PTNRS INCOME (GDF) is positive.
What is the support and resistance level for GDF stock?
WESTERN ASSET GLB PTNRS INCOME (GDF) has a support level at 9.24 and a resistance level at 9.31. Check the full technical report for our detailed analysis of GDF support and resistance levels.