TEMPLETON GLOBAL INCOME FUND (GIM)       4.47  +0.03 (+0.68%)

4.47  +0.03 (+0.68%)

US8801981064

Technical Rating

6

We assign a technical rating of 6 out of 10 to GIM. GIM has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.



Both the short term and long term trends are positive. This is a very positive sign.
In the last month GIM has a been trading in the 4.22 - 4.50 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
GIM is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
65% of all other stocks performed better in the past year than GIM.

Statistics

1 Month 3 Months 6 Months 12 Months 3.47% 7.71% -6.29% -13.20% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 35.01 3.9722 - 5.17
GIM Weekly chart
GIM Daily chart

Support/Resistance Analysis


4.00

4.74
We found 2 important support areas.
  • A support zone ranging from 4.29 to 4.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 4.04 to 4.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 4.48 to 4.49. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • Resistance @4.69 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

8

GIM has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 4.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.45, a Stop Loss order could be placed below this zone.


Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
4.504.390.11 (2.44%)25.00%
An entry @4.50. This is a Buy Stop order right above the resistance zone.An exit @4.39. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.11 points, which is 2.44%.For a 0.61% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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.
GIM Daily chart

TEMPLETON GLOBAL INCOME FUND4.47

NYSE:GIM (2/1/2023, 7:16:47 PM)+0.03 (+0.68%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector N/A
GICS Industry N/A

Performance
Today 0.68% 1 Week 0.68%
2 Weeks 0.68% 1 Month 3.47%
3 Month 7.71% 6 Month -6.29%

Volatility
ATR(14) 0.06 ATR(20)% 1.4%
ATR Inc 10.18% Range Today 0.08

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 35.01 Mansfield -0.3
10 Day High 4.5 10 Day Low 4.4
20 Day High 4.5 20 Day Low 4.22
52 Week High 5.17 52 Week Low 3.97
CS1 End 4.45 CR1 Start 4.48

Volume & EV
DER(3) -4.64% DER(5) -3.32%
Volume 194.40K Volume Incr -23.5%
Vol(5) 154.50K Vol(50) 240.18K

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