Technical Analysis for IGI - Western Asset Investment Grade Defined Opportunity Trust Inc.

Grade Last Price % Change Price Change
grade C 21.35 -0.42% -0.09
IGI closed down 0.42 percent on Wednesday, February 26, 2020, on 1.48 times normal volume. The stock fell below its 200 day moving average, damaging its long-term outlook by crossing under that critical trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Flat Down Down
Historical IGI trend table...

Date Alert Name Type % Chg
Fell Below 200 DMA Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Stochastic Reached Oversold Weakness 0.00%
BB Squeeze + Lower Band Touch Range Contraction 0.00%
Below Lower BB Weakness 0.00%
Down 3 Days in a Row Weakness 0.00%
Down 4 Days in a Row Weakness 0.00%
Lower Bollinger Band Touch Weakness 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bearish Signal Line Cross Bearish -0.42%

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Profile

Western Asset Investment Grade Defined Opportunity Trust Inc. is a close-ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. It 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. The fund invests in fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors. The fund primarily invests in investment-grade corporate debt securities with varied maturities. It will liquidate on or about December 2, 2024. The fund conducts in-house research to make its investments. Western Asset Investment Grade Defined Opportunity Trust Inc. was formed on June 26, 2009 and is domiciled in the United States.
Mutual Fund Investment Companies Legg Mason Partners Fund Western Asset Management Company Draft:Silverdale Capital

Is IGI 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 23.07
52 Week Low 19.31
Average Volume 22,519
200-Day Moving Average 21.43
50-Day Moving Average 22.05
20-Day Moving Average 21.82
10-Day Moving Average 21.84
Average True Range 0.27
ADX 20.28
+DI 10.70
-DI 29.65
Chandelier Exit (Long, 3 ATRs ) 21.42
Chandelier Exit (Short, 3 ATRs ) 21.95
Upper Bollinger Band 22.16
Lower Bollinger Band 21.48
Percent B (%b) -0.19
BandWidth 3.13
MACD Line -0.10
MACD Signal Line -0.06
MACD Histogram -0.0482
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 21.95
Resistance 3 (R3) 21.95 21.75 21.85
Resistance 2 (R2) 21.75 21.60 21.75 21.82
Resistance 1 (R1) 21.55 21.50 21.45 21.55 21.78
Pivot Point 21.35 21.35 21.30 21.35 21.35
Support 1 (S1) 21.15 21.20 21.05 21.15 20.92
Support 2 (S2) 20.95 21.10 20.95 20.88
Support 3 (S3) 20.75 20.95 20.85
Support 4 (S4) 20.75