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 of Western Asset Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Western Asset GDO at this time. Stock is rising and might rise more.

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

Stock of Western Asset (GDO) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Western Asset is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 12.3 as stoploss in an intra day sell trade for a target of 12.14. However, stock will show a bullish move above 12.3.

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: 12.2
  • 12Day Average: 12.11
  • 20Day Average: 12.05
  • 50Day Average: 12.24
  • 100Day Average: 12.43
  • 150Day Average: 12.25
  • 200Day Average: 12.18

GDO Indicators & signals

Indicator MACD (12,26,9)

12.15, 12.14, -0.04
Indicator MACD is in positive zone

Indicator ADX (14)

0, 58.33, 58.33
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

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
15 Wed May 2024 12.29 12.23 to 12.32 0.66% 1.2 times
14 Tue May 2024 12.21 12.19 to 12.24 0.16% 0.97 times
13 Mon May 2024 12.19 12.17 to 12.21 0.33% 0.83 times
10 Fri May 2024 12.15 12.13 to 12.19 0% 0.96 times
09 Thu May 2024 12.15 12.12 to 12.20 -0.16% 0.91 times
08 Wed May 2024 12.17 12.14 to 12.19 0.08% 0.83 times
07 Tue May 2024 12.16 12.15 to 12.22 0.41% 1.45 times
06 Mon May 2024 12.11 12.08 to 12.14 0.41% 0.98 times
03 Fri May 2024 12.06 12.01 to 12.08 0.84% 1.03 times
02 Thu May 2024 11.96 11.95 to 12.00 0% 1.1 times
01 Wed May 2024 11.96 11.90 to 12.01 0.67% 0.93 times
30 Tue Apr 2024 11.88 11.87 to 11.95 -0.5% 1.15 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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