Technical Analysis for HGLB - Highland Global Allocation Fund
| Grade | Last Price | % Change | Price Change |
|---|---|---|---|
| D | 7.33 | 0.14% | 0.01 |
HGLB closed up 0.83 percent on Friday, May 3, 2024, on 64 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Strong | Down | Flat | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| NR7 | Range Contraction | 0.14% | |
| Stochastic Reached Overbought | Strength | 0.14% | |
| Weak + Overbought | Other | 0.14% | |
| Weak, Overbought and Reversal Signs | Reversal | 0.14% | |
| Overbought Stochastic | Strength | 0.14% | |
| Up 3 Days in a Row | Strength | 0.14% | |
| 20 DMA Support | Bullish | 0.96% | |
| Crossed Above 20 DMA | Bullish | 2.09% | |
| 20 DMA Resistance | Bearish | 4.42% | |
| 180 Bearish Setup | Bearish Swing Setup | 4.42% |
| Alert | Time |
|---|---|
| 60 Minute Opening Range Breakout | 3 days ago |
| Up 1% | 3 days ago |
| Possible NR7 | 3 days ago |
| Rose Above Previous Day's High | 3 days ago |
| Up 1% | 4 days ago |
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The Global Allocation Fund, managed by James Dondero, invests primarily in U.S. and foreign equity and debt securities that the portfolio manager considers to be undervalued by the market but have solid growth prospects. Undervalued securities are those securities that are undervalued relative to the market, their peers, their historical valuation or their growth rate.
Keywords: Exchange Traded Fund ETF Debt Securities Fundamental Analysis Foreign Exchange Market Portfolio Manager Global Allocation Fund
Classification
Keywords: Exchange Traded Fund ETF Debt Securities Fundamental Analysis Foreign Exchange Market Portfolio Manager Global Allocation Fund
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 8.0954 |
| 52 Week Low | 6.0284 |
| Average Volume | 74,229 |
| 200-Day Moving Average | 7.48 |
| 50-Day Moving Average | 7.36 |
| 20-Day Moving Average | 7.12 |
| 10-Day Moving Average | 7.12 |
| Average True Range | 0.18 |
| RSI (14) | 55.36 |
| ADX | 41.83 |
| +DI | 15.59 |
| -DI | 19.64 |
| Chandelier Exit (Long, 3 ATRs) | 6.96 |
| Chandelier Exit (Short, 3 ATRs) | 7.21 |
| Upper Bollinger Bands | 7.41 |
| Lower Bollinger Band | 6.83 |
| Percent B (%b) | 0.85 |
| BandWidth | 8.06 |
| MACD Line | -0.06 |
| MACD Signal Line | -0.10 |
| MACD Histogram | 0.0435 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 7.47 | ||||
| Resistance 3 (R3) | 7.46 | 7.41 | 7.44 | ||
| Resistance 2 (R2) | 7.41 | 7.37 | 7.41 | 7.44 | |
| Resistance 1 (R1) | 7.36 | 7.34 | 7.38 | 7.37 | 7.43 |
| Pivot Point | 7.31 | 7.31 | 7.32 | 7.31 | 7.31 |
| Support 1 (S1) | 7.26 | 7.27 | 7.29 | 7.27 | 7.21 |
| Support 2 (S2) | 7.21 | 7.24 | 7.21 | 7.20 | |
| Support 3 (S3) | 7.16 | 7.21 | 7.20 | ||
| Support 4 (S4) | 7.17 |
