TEMPLETON GLOBAL INCOME FUND (GIM) Stock Technical Analysis
NYSE:GIM - New York Stock Exchange, Inc. - US8801981064 - Currency: USD
We assign a technical rating of 0 out of 10 to GIM. GIM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month GIM has a been trading in a tight range between 3.78 and 4.00.
Although the technical rating is bad, GIM does present a nice setup opportunity. 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.
More info and screens
3.74
4.44
We found 1 important support 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.
When analyzing the resistance we notice 3 important areas.
- 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.
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 | DOWN | NEGATIVE | The long term trend for GIM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GIM is down. |
| ChartMill Relative Strength | 23.12 | NEGATIVE | GIM has a low relative strength, it was outperformed by 76.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GIM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GIM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GIM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.32 | NEUTRAL | The RSI value for GIM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests GIM has a negative trend. |
| Stochastics (14,3) | 20.56 | NEUTRAL | The Stochastics value for GIM is a neutral value. |
| Average True Range in percent/ATR (20) | 1.55 | LOW VOLATILITY | The low ATR as a percentage value for GIM suggests low volalility. |
| Average Directional Index/ADX (14) | 13.39 | NEGATIVE | The low ADX value for GIM suggests a weak or negative trend. |
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)
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