Technical Analysis for GDO - Western Asset Global Corporate Defined Opportunity Fund Inc.

Grade Last Price % Change Price Change
D 11.58 -0.43% -0.05
GDO closed down 0.43 percent on Wednesday, November 20, 2024, on approximately normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Doji - Bearish? Reversal 0.00%
Outside Day Range Expansion 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Lower Bollinger Band Walk Weakness -0.43%
Oversold Stochastic Weakness -0.43%
Lower Bollinger Band Walk Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%

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Profile

Western Asset Global Corporate Defined Opportunity Fund Inc. Description

Western Asset Global Corporate Defined Opportunity Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed by Western Asset Management Company, Western Asset Management Company Pte. Ltd., Western Asset Management Company Ltd., and Western Asset Management Company Limited. It invests in the fixed income markets across the globe. The fund invests in investment grade debt securities. It employs intensive proprietary research to create its portfolio. The fund benchmarks the performance of its portfolio against the Barclays Capital Global Aggregate Corporate Index. It was formerly known as Western Asset Global Credit Defined Opportunity Fund Inc. Western Asset Global Corporate Defined Opportunity Fund Inc. was formed on September 17, 2009 and is domiciled in the United States.


Classification

Keywords: Exchange Traded Fund ETF Debt Securities Western Asset Management Company Legg Mason Legg Mason Partners Fund Opportunity Fund

Is GDO 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 12.6757
52 Week Low 10.5577
Average Volume 54,440
200-Day Moving Average 11.78
50-Day Moving Average 12.10
20-Day Moving Average 11.74
10-Day Moving Average 11.72
Average True Range 0.11
RSI (14) 33.33
ADX 31.39
+DI 21.70
-DI 27.16
Chandelier Exit (Long, 3 ATRs) 11.71
Chandelier Exit (Short, 3 ATRs) 11.85
Upper Bollinger Bands 11.95
Lower Bollinger Band 11.54
Percent B (%b) 0.1
BandWidth 3.50
MACD Line -0.13
MACD Signal Line -0.12
MACD Histogram -0.0038
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.78
Resistance 3 (R3) 11.80 11.76 11.75
Resistance 2 (R2) 11.76 11.70 11.75 11.74
Resistance 1 (R1) 11.67 11.67 11.64 11.65 11.73
Pivot Point 11.62 11.62 11.61 11.61 11.62
Support 1 (S1) 11.53 11.57 11.50 11.51 11.43
Support 2 (S2) 11.48 11.53 11.47 11.42
Support 3 (S3) 11.39 11.48 11.41
Support 4 (S4) 11.37