Technical Analysis for VGI - Virtus Global Multi-Sector Income Fund

Grade Last Price % Change Price Change
B 7.46 0.36% 0.03
VGI closed up 0.68 percent on Friday, May 3, 2024, on 28 percent of normal volume. The stock rose above its 50 day moving average, improving its intermediate-term outlook by crossing above that important trendline. 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.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Crossed Above 50 DMA Bullish 0.36%
Cup with Handle Other 0.36%
Stochastic Reached Overbought Strength 0.36%
Gapped Up Strength 0.36%
Overbought Stochastic Strength 0.36%
Up 3 Days in a Row Strength 0.36%
Pocket Pivot Bullish Swing Setup 1.04%
Gapped Up Strength 1.04%
Crossed Above 20 DMA Bullish 1.59%
Pocket Pivot Bullish Swing Setup 1.59%

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Profile

Virtus Global Multi-Sector Income Fund Description

Virtus Global Multi-Sector Income Fund is a closed ended fixed income mutual fund launched by Virtus Investment Partners, Inc. The fund is co-managed by Virtus Investment Advisers, Inc. and Newfleet Asset Management, LLC. It invests in fixed income markets across the globe. The fund invests in both investment grade and high yield debt instruments issued by the government, corporate, bank loans, mortgage-backed securities, asset-backed securities, taxable municipal bonds, and tax-exempt municipal bonds. It invests in securities with average duration which varies within three years (plus or minus) of the duration of the Barclays Global Aggregate Bond Index. The fund employs fundamental analysis with a top-down and bottom-up stock picking approach while focusing on factors such as yield and spreads, supply and demand, investment environment, sector fundamentals, assessment of credit risk, company management, issue structure, technical market conditions, and valuations to create its portfolio. It seeks to benchmark the performance of its portfolio against the Barclays Global Aggregate Bond Index. Virtus Global Multi-Sector Income Fund was formed on February 23, 2012 and is domiciled in the United States.


Classification

Keywords: Exchange Traded Fund ETF High Yield Debt Credit Risk Bank Loans Company Management

Is VGI a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 7.6622
52 Week Low 6.2671
Average Volume 43,054
200-Day Moving Average 7.12
50-Day Moving Average 7.39
20-Day Moving Average 7.31
10-Day Moving Average 7.31
Average True Range 0.06
RSI (14) 59.18
ADX 18.48
+DI 32.68
-DI 20.01
Chandelier Exit (Long, 3 ATRs) 7.41
Chandelier Exit (Short, 3 ATRs) 7.37
Upper Bollinger Bands 7.49
Lower Bollinger Band 7.14
Percent B (%b) 0.83
BandWidth 4.84
MACD Line -0.02
MACD Signal Line -0.04
MACD Histogram 0.0199
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.49
Resistance 3 (R3) 7.49 7.46 7.48
Resistance 2 (R2) 7.46 7.45 7.47 7.48
Resistance 1 (R1) 7.45 7.44 7.46 7.45 7.47
Pivot Point 7.42 7.42 7.43 7.43 7.42
Support 1 (S1) 7.41 7.41 7.42 7.41 7.39
Support 2 (S2) 7.38 7.40 7.39 7.38
Support 3 (S3) 7.37 7.38 7.38
Support 4 (S4) 7.37