Technical Analysis for GGM - Guggenheim Credit Allocation Fund

Grade Last Price % Change Price Change
grade C 18.07 0.17% 0.03
GGM closed up 0.17 percent on Thursday, August 6, 2020, on 73 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical GGM trend table...

Date Alert Name Type % Chg
Narrow Range Bar Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Stochastic Reached Overbought Strength 0.17%
Outside Day Range Expansion 0.17%
Overbought Stochastic Strength 0.17%
Narrow Range Bar Range Contraction 0.39%
NR7 Range Contraction 0.39%
NR7-2 Range Contraction 0.39%
180 Bullish Setup Bullish Swing Setup 0.39%
Narrow Range Bar Range Contraction 0.39%

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Profile

Guggenheim Credit Allocation Fund is a closed ended fixed income mutual fund launched and managed by Guggenheim Partners Investment Management, LLC. It invests in fixed income markets of the United States. The fund invests in credit securities that include debt securities and loans and investments with economic characteristics similar to fixed-income securities, debt securities and loans. Guggenheim Credit Allocation Fund was formed on June 26, 2013 and is domiciled in the United States.
Exchange Traded Fund ETF Security Fixed Income Alternative Investment Management Companies Sovereign Wealth Funds Gso Capital Partners Guggenheim Partners

Is GGM 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 20.7
52 Week Low 10.65
Average Volume 35,370
200-Day Moving Average 18.23
50-Day Moving Average 17.68
20-Day Moving Average 17.78
10-Day Moving Average 17.85
Average True Range 0.19
ADX 20.87
+DI 28.55
-DI 13.58
Chandelier Exit (Long, 3 ATRs ) 17.56
Chandelier Exit (Short, 3 ATRs ) 17.94
Upper Bollinger Band 18.25
Lower Bollinger Band 17.32
Percent B (%b) 0.81
BandWidth 5.20
MACD Line 0.11
MACD Signal Line 0.08
MACD Histogram 0.0283
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 18.21
Resistance 3 (R3) 18.19 18.14 18.18
Resistance 2 (R2) 18.14 18.10 18.14 18.17
Resistance 1 (R1) 18.10 18.08 18.12 18.12 18.17
Pivot Point 18.05 18.05 18.06 18.05 18.05
Support 1 (S1) 18.01 18.01 18.03 18.03 17.97
Support 2 (S2) 17.96 17.99 17.96 17.97
Support 3 (S3) 17.92 17.96 17.96
Support 4 (S4) 17.94