Technical Analysis for GMZ - Goldman Sachs MLP Income Opportunities Fund

Grade Last Price % Change Price Change
grade D 6.77 -1.74% -0.12
GMZ closed down 1.74 percent on Friday, August 23, 2019, on 2.2 times normal volume. 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.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Down
See historical GMZ trend table...

Date Alert Name Type % Chg
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Gapped Down Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Reached Oversold Weakness -1.74%
Down 3 Days in a Row Weakness -1.74%
Oversold Stochastic Weakness -1.74%
NR7 Range Contraction -3.56%
Gapped Down Weakness -4.11%

Older signals for GMZ ...

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Profile
Goldman Sachs MLP Income Opportunities Fund is a closed-ended equity mutual fund launched and managed by Goldman Sachs Asset Management, L.P. It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the energy sector. It primarily invests in "midstream" Master Limited Partnerships that are engaged in the treatment, gathering, compression, processing, transportation, transmission, fractionation, storage, and terminalling of natural gas, natural gas liquids, crude oil, refined products or coal. The fund employs macro trend analysis along with top-down sector selection and bottom-up security selection approaches, focusing on such factors a company's management, assets, expected returns, and technicals to create its portfolio. It benchmarks the performance of its portfolio against the Alerian MLP Index Total Return. Goldman Sachs MLP Income Opportunities Fund was formed on June 18, 2013 and is domiciled in the United States.
Is GMZ a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 9.67
52 Week Low 6.0
Average Volume 120,908
200-Day Moving Average 7.8493
50-Day Moving Average 7.555
20-Day Moving Average 7.2085
10-Day Moving Average 7.029
Average True Range 0.1993
ADX 28.27
+DI 14.5034
-DI 32.4623
Chandelier Exit (Long, 3 ATRs ) 7.3421
Chandelier Exit (Short, 3 ATRs ) 7.2979
Upper Bollinger Band 7.7135
Lower Bollinger Band 6.7035
Percent B (%b) 0.07
BandWidth 14.011237
MACD Line -0.201
MACD Signal Line -0.1788
MACD Histogram -0.0221
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.01
Resistance 3 (R3) 7.01 6.94 6.97
Resistance 2 (R2) 6.94 6.88 6.94 6.96
Resistance 1 (R1) 6.85 6.84 6.82 6.85 6.94
Pivot Point 6.78 6.78 6.76 6.78 6.78
Support 1 (S1) 6.69 6.72 6.66 6.69 6.60
Support 2 (S2) 6.62 6.68 6.62 6.58
Support 3 (S3) 6.53 6.62 6.57
Support 4 (S4) 6.53