CLOUGH GLOBAL EQUITY FUND (GLQ) Stock Technical Analysis
NYSEARCA:GLQ - NYSE Arca - US18914C1009 - Currency: USD
Taking everything into account, GLQ scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, GLQ is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
GLQ is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month GLQ has a been trading in the 6.74 - 7.24 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, GLQ turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.
GLQ has an excellent technical rating, but the quality of the setup is only medium 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
5.80
7.31
2 important support areas can be observed.
- A support zone ranging from 6.65 to 6.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.18 to 7.24. 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 | UP | POSITIVE | The long term trend for GLQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for GLQ is up. |
| ChartMill Relative Strength | 65.4 | NEUTRAL | GLQ is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of GLQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of GLQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of GLQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.81 | NEUTRAL | The RSI value for GLQ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests GLQ has a negative trend. |
| Stochastics (14,3) | 79.5 | NEUTRAL | The Stochastics value for GLQ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for GLQ suggests low volalility. |
| Average Directional Index/ADX (14) | 24.77 | NEUTRAL | The ADX value for GLQ suggests a possible start of a new 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)
7.17
-0.05 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.69%
1 Week0.42%
2 Weeks0.28%
1 Month5.91%
3 Month20.5%
6 Month3.93%
12 Month5.05%
2 Year12.74%
3 Year-24.37%
5 Year-37.49%
10 Year-51.94%
15 Year-46.01%
Volatility
ATR(14)0.07
ATR(20)%0.97%
ATR Inc27.19%
Range Today0.06
ADR(20)0.06
ADR(20)%0.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.4
Mansfield-0.16
10 Day High7.24
10 Day Low7.08
20 Day High7.24
20 Day Low6.74
52 Week High7.24
52 Week Low5.33
CS1 End6.96
CR1 Start7.18
Volume & EV
DER(3)-1.04%
DER(5)-1.47%
Volume24.60K
Volume Incr1.65%
Vol(5)33.18K
Vol(50)30.29K