CLOUGH GLOBAL EQUITY FUND (GLQ) Technical Analysis
NYSEARCA:GLQ • US18914C1009
Current stock price
GLQ Technical Rating and Analysis
Overall GLQ gets a technical rating of 2 out of 10. Although GLQ is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month GLQ has a been trading in the 7.54 - 8.32 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that GLQ is one of the better performing stocks in the market, outperforming 73% of all stocks.
- GLQ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so GLQ is performing more or less in line with the market.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- Considerably lower volume is observed in the last couple of days.
GLQ Weekly and Daily overview Charts
GLQ Setup Rating and Analysis
GLQ has a poor technical rating and the quality of the setup is also not perfect 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
GLQ Support and Resistance Analysis
7.12
We found 2 important support areas.
- A support zone ranging from 7.39 to 7.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.19 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.54 to 7.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 8.20 to 8.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
GLQ 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 | NEUTRAL | NEUTRAL | The long term trend for GLQ is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GLQ is down. |
| ChartMill Relative Strength | 73.42 | POSITIVE | GLQ has a high relative strength, it outperformed 73.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of GLQ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GLQ is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of GLQ is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 32.24 | NEUTRAL | The RSI value for GLQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests GLQ has a negative trend. |
| Stochastics (14,3) | 14.16 | OVERSOLD | The low Stochastics value suggests GLQ may be oversold. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for GLQ suggests some volalility. |
| Average Directional Index/ADX (14) | 31.15 | POSITIVE | The high ADX value value for GLQ suggests a strong trend. |
GLQ Chart- and CandleStick Pattern Analysis
GLQ Technicals: Chart, Performance Metrics, Trend & Indicators
7.54
-0.19 (-2.42%)
CLOUGH GLOBAL EQUITY FUND / GLQ TA FAQ
What is the technical rating for GLQ stock?
ChartMill assigns a technical rating of 2 / 10 to GLQ.
What is the trend direction for GLQ stock?
The current trend direction for CLOUGH GLOBAL EQUITY FUND (GLQ) is Bearish.
What is the RSI signal for GLQ stock?
CLOUGH GLOBAL EQUITY FUND (GLQ) has an RSI value of 32.2432. This indicates that the stock is currently neutral.
Can you provide the short term momentum for CLOUGH GLOBAL EQUITY FUND?
The short term momentum for CLOUGH GLOBAL EQUITY FUND (GLQ) is negative.
What is the support and resistance level for GLQ stock?
CLOUGH GLOBAL EQUITY FUND (GLQ) has a support level at 7.53 and a resistance level at 7.54. Check the full technical report for our detailed analysis of GLQ support and resistance levels.