Western Asset Variable Rate Strategic (GFY) Technical Analysis
NYSE:GFY
Current stock price
GFY Technical Rating and Analysis
Overall GFY gets a technical rating of 4 out of 10. GFY was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
- When comparing the yearly performance of all stocks, GFY is a bad performer in the overall market: 71% of all stocks are doing better.
- Warning: GFY has an average volume of 9638 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- GFY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so GFY is lagging the market slightly.
- In the last month GFY has a been trading in a tight range between 16.23 and 16.50.
GFY Weekly and Daily overview Charts
GFY Setup Rating and Analysis
GFY has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 16.27, a Stop Loss order could be placed below this zone.
More info and screens
GFY Support and Resistance Analysis
15.74
We found 1 important support area.
- A support zone ranging from 15.90 to 16.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 16.30 to 16.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 17.07 to 17.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
GFY 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 GFY is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for GFY is neutral. |
| ChartMill Relative Strength | 29.97 | NEGATIVE | GFY has a low relative strength, it was outperformed by 70.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GFY is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GFY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of GFY is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.6 | NEUTRAL | The RSI value for GFY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests GFY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 32.1 | NEUTRAL | The Stochastics value for GFY is a neutral value. |
| Average True Range in percent/ATR (20) | 0.58 | LOW VOLATILITY | The low ATR as a percentage value for GFY suggests low volalility. |
GFY Chart- and CandleStick Pattern Analysis
GFY Technicals: Chart, Performance Metrics, Trend & Indicators
Western Asset Variable Rate Strategic
NYSE:GFY (11/20/2020, 8:04:01 PM)
16.29
-0.01 (-0.06%)
Western Asset Variable Rate Strategic / GFY TA FAQ
Can you provide the ChartMill technical rating for Western Asset Variable Rate Strategic?
ChartMill assigns a technical rating of 4 / 10 to GFY.
What is the trend direction for GFY stock?
The current trend direction for Western Asset Variable Rate Strategic (GFY) is Bullish.
Can you provide the RSI signal for Western Asset Variable Rate Strategic?
Western Asset Variable Rate Strategic (GFY) has an RSI value of 46.5973. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for Western Asset Variable Rate Strategic?
Western Asset Variable Rate Strategic (GFY) has a support level at 16.27 and a resistance level at 16.3. Check the full technical report for our detailed analysis of GFY support and resistance levels.