GDO NEWS why is Western Asset Global Corporate Defined Opportunity Fund Inc. price falling or rising

GDO NEWS reasons for why stock price of Western Asset Global Corporate Defined Opportunity Fund Inc. is falling or rising

GDO Western Asset is falling or rising technical reasons

Technical analysis forecast for Western Asset Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Western Asset GDO at this time. Stock is falling and might fall more.

It appears as if Western Asset GDO gave a large move recently.

Stock of Western Asset (GDO) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Western Asset is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Western Asset stays below 11.3, but if it comes above 11.3, then a intra day buy could be more profitable.
If you take a sell trade below 11.3, then use 11.3 as stoploss and 11.1 as target. However if you take a buy trade in Western Asset, then use 11.3 as stoploss and 11.52 as target.

GDO Western Asset is falling or rising NEWS fundamental reasons

More announcements and NEWS

GDO Western Asset Global Corporate Defined Opportunity Fund Inc. current price & indicator signals

Moving Averages for Western Asset Global Corporate Defined Opportunity Fund Inc.

  • 5Day Average: 11.26
  • 12Day Average: 11.5
  • 20Day Average: 11.54
  • 50Day Average: 11.85
  • 100Day Average: 12.3
  • 150Day Average: 12.32
  • 200Day Average: 12.29

GDO Indicators & signals

Indicator MACD (12,26,9)

11.41, 11.59, -0.13
Indicator MACD is in negative zone

Indicator ADX (14)

6.67, 41.18, 47.06
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 36
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of GDO Western Asset Global Corporate Defined Opportunity Fund Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
20 Fri Dec 2024 11.16 11.03 to 11.28 0.9% 0.79 times
19 Thu Dec 2024 11.06 11.03 to 11.15 -0.45% 1.51 times
18 Wed Dec 2024 11.11 11.11 to 11.45 -2.71% 1.57 times
17 Tue Dec 2024 11.42 11.41 to 11.52 -1.13% 1.51 times
16 Mon Dec 2024 11.55 11.50 to 11.59 0.35% 1.1 times
13 Fri Dec 2024 11.51 11.44 to 11.55 -0.26% 1.22 times
12 Thu Dec 2024 11.54 11.54 to 11.76 -1.37% 0.67 times
11 Wed Dec 2024 11.70 11.69 to 11.79 0% 1.15 times
10 Tue Dec 2024 11.70 11.70 to 11.82 -0.85% 0.58 times
09 Mon Dec 2024 11.80 11.76 to 11.82 0.43% 0.61 times
05 Thu Dec 2024 11.75 11.75 to 11.80 0.17% 0.09 times
04 Wed Dec 2024 11.73 11.70 to 11.76 0% 0.27 times

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GDO NEWS why is Western Asset Global Corporate Defined Opportunity Fund Inc. price falling or rising

 

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