Technical Analysis for GMZ - Goldman Sachs MLP Income Opportunities Fund

Grade Last Price % Change Price Change
grade D 6.04 -2.74% -0.17
GMZ closed down 2.74 percent on Friday, January 24, 2020, on 41 percent of 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 Up Down
Historical GMZ trend table...

Date Alert Name Type % Chg
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Stochastic Reached Oversold Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Down 5 Days in a Row Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.74%
Down 3 Days in a Row Weakness -2.74%
Down 4 Days in a Row Weakness -2.74%
Down 5 Days in a Row Weakness -2.74%

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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

Indicators

Indicator Value
52 Week High 9.0
52 Week Low 5.22
Average Volume 443,239
200-Day Moving Average 6.98
50-Day Moving Average 6.01
20-Day Moving Average 6.34
10-Day Moving Average 6.37
Average True Range 0.16
ADX 26.93
+DI 18.86
-DI 26.98
Chandelier Exit (Long, 3 ATRs ) 6.15
Chandelier Exit (Short, 3 ATRs ) 6.49
Upper Bollinger Band 6.68
Lower Bollinger Band 5.99
Percent B (%b) 0.07
BandWidth 10.81
MACD Line 0.04
MACD Signal Line 0.10
MACD Histogram -0.057
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.36
Resistance 3 (R3) 6.39 6.31 6.31
Resistance 2 (R2) 6.31 6.22 6.29 6.29
Resistance 1 (R1) 6.17 6.17 6.13 6.15 6.27
Pivot Point 6.09 6.09 6.07 6.08 6.09
Support 1 (S1) 5.96 6.01 5.92 5.93 5.81
Support 2 (S2) 5.88 5.96 5.86 5.79
Support 3 (S3) 5.74 5.88 5.77
Support 4 (S4) 5.72