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TEMPLETON GLOBAL INCOME FUND (GIM) Stock Technical Analysis

NYSE:GIM - New York Stock Exchange, Inc. - US8801981064 - Currency: USD

3.79  -0.05 (-1.3%)

After market: 3.7884 0 (-0.04%)

Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to GIM. GIM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, GIM is a bad performer in the overall market: 77% of all stocks are doing better.
GIM is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so GIM is lagging the market.
In the last month GIM has a been trading in a tight range between 3.78 and 4.00.
Weekly and Daily overview Charts
TEMPLETON GLOBAL INCOME FUND / GIM Weekly stock chart
TEMPLETON GLOBAL INCOME FUND / GIM Daily stock chart
Setup Rating and Analysis

8

GIM has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 3.78, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GIM in the last couple of days, which is a good sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

3.74

4.44

When analyzing the support we notice one important area.

  • A support zone ranging from 3.78 to 3.78. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

  • A resistance zone ranging from 3.79 to 3.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 4.04 to 4.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 4.33 to 4.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for GIM is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for GIM is down.
ChartMill Relative Strength23.12NEGATIVEGIM has a low relative strength, it was outperformed by 76.88% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of GIM is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of GIM is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of GIM is below a declining SMA(200).
Relative Strength Index/RSI (14)40.32NEUTRALThe RSI value for GIM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests GIM has a negative trend.
Stochastics (14,3)20.56NEUTRALThe Stochastics value for GIM is a neutral value.
Average True Range in percent/ATR (20)1.55LOW VOLATILITYThe low ATR as a percentage value for GIM suggests low volalility.
Average Directional Index/ADX (14)13.39NEGATIVEThe low ADX value for GIM suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TEMPLETON GLOBAL INCOME FUND / GIM Daily stock chart

TEMPLETON GLOBAL INCOME FUND

NYSE:GIM (12/29/2023, 8:04:01 PM)

After market: 3.7884 0 (-0.04%)

3.79

-0.05 (-1.3%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.3%
1 Week-1.04%
2 Weeks-4.53%
1 Month-3.07%
3 Month-1.81%
6 Month-8.45%
12 Month-12.47%
2 Year-26.97%
3 Year-31.09%
5 Year-37.15%
10 Year-52.33%
15 Year-51.22%
Volatility
ATR(14)0.06
ATR(20)%1.55%
ATR Inc-0.86%
Range Today0.08
ADR(20)0.05
ADR(20)%1.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.12
Mansfield-1.77
10 Day High3.89
10 Day Low3.78
20 Day High4
20 Day Low3.78
52 Week High4.56
52 Week Low3.77
CS1 End3.78
CR1 Start3.79
Volume & EV
DER(3)5.65%
DER(5)3.55%
Volume1.29M
Volume Incr19.02%
Vol(5)530.00K
Vol(50)434.90K