GUGGENHEIM STRATEGIC OPPORT (GOF) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:GOF - US40167F1012
Taking everything into account, GOF scores 1 out of 10 in our technical rating. GOF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, GOF does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.11, a Stop Loss order could be placed below this zone.
More info and screens
11.84
When analyzing the support we notice one important area.
- A support zone ranging from 11.96 to 12.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 12.16 to 12.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 14.65 to 14.85. 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 GOF is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for GOF is down. |
| ChartMill Relative Strength | 15.72 | NEGATIVE | GOF has a low relative strength, it was outperformed by 84.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of GOF is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of GOF is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of GOF is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.04 | NEUTRAL | The RSI value for GOF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests GOF has a positive trend. |
| Stochastics (14,3) | 25.72 | NEUTRAL | The Stochastics value for GOF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.31 | LOW VOLATILITY | The low ATR as a percentage value for GOF suggests low volalility. |
| Average Directional Index/ADX (14) | 42.52 | POSITIVE | The high ADX value value for GOF suggests a strong trend. |
12.13
+0.06 (+0.5%)
GUGGENHEIM STRATEGIC OPPORT / GOF FAQ
What is the technical rating for GOF stock?
ChartMill assigns a technical rating of 1 / 10 to GOF.
What is the current trend direction of GUGGENHEIM STRATEGIC OPPORT (GOF) stock?
The current trend direction for GUGGENHEIM STRATEGIC OPPORT (GOF) is Bearish.
What is the RSI signal for GUGGENHEIM STRATEGIC OPPORT (GOF) stock?
GUGGENHEIM STRATEGIC OPPORT (GOF) has an RSI value of 38.0351. This indicates that the stock is currently neutral.
What is the MACD signal for GOF stock?
The MACD indicator for GUGGENHEIM STRATEGIC OPPORT (GOF) has a value of 0.0565333, indicating a bearish trend.
What is the buy/sell signal for GOF stock?
The buy/sell signal for GUGGENHEIM STRATEGIC OPPORT (GOF) is sell as both the short term and long term trends are negative.