CLOUGH GLOB. OPPORTUNITIES FUND - 1H - Technical analysis published on 04/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
56%
28%
My opinion
Bearish under 4.90 USD
My targets
4.81 USD (-1.03%)
4.49 USD (-7.61%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on CLOUGH GLOB. OPPORTUNITIES FUND as long as the price remains well below 4.90 USD. The sellers' bearish objective is set at 4.81 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.49 USD. In case of crossing, the next objective would be the support located at 4.18 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.3
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CLOUGH GLOB. OPPORTUNITIES FUND rating 4.86 USD. On the day, this instrument lost -0.61% and was between 4.85 USD and 4.91 USD. This implies that the price is at +0.21% from its lowest and at -1.02% from its highest.4.85
4.91
4.86
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this CLOUGH GLOB. OPPORTUNITIES FUND chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 10 technical indicators on 18 studied are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.90 | 4.18 | 4.49 | 4.86 | 4.87 | 4.90 | 4.92 |
| Change (%) | -19.75% | -13.99% | -7.61% | - | +0.21% | +0.82% | +1.23% |
| Change | -0.96 | -0.68 | -0.37 | - | +0.01 | +0.04 | +0.06 |
| Level | Intermediate | Minor | Intermediate | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.80 | 4.84 | 4.87 | 4.91 | 4.94 | 4.98 | 5.01 |
| Camarilla | 4.87 | 4.88 | 4.88 | 4.89 | 4.90 | 4.90 | 4.91 |
| Woodie | 4.79 | 4.84 | 4.86 | 4.91 | 4.93 | 4.98 | 5.00 |
| Fibonacci | 4.84 | 4.87 | 4.89 | 4.91 | 4.94 | 4.96 | 4.98 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.81 | 4.88 | 4.92 | 4.99 | 5.03 | 5.10 | 5.14 |
| Camarilla | 4.93 | 4.94 | 4.95 | 4.96 | 4.97 | 4.98 | 4.99 |
| Woodie | 4.80 | 4.87 | 4.91 | 4.98 | 5.02 | 5.09 | 5.13 |
| Fibonacci | 4.88 | 4.92 | 4.95 | 4.99 | 5.03 | 5.06 | 5.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.71 | 4.79 | 4.91 | 4.99 | 5.11 | 5.19 | 5.31 |
| Camarilla | 4.98 | 4.99 | 5.01 | 5.03 | 5.05 | 5.07 | 5.09 |
| Woodie | 4.73 | 4.80 | 4.93 | 5.00 | 5.13 | 5.20 | 5.33 |
| Fibonacci | 4.79 | 4.87 | 4.91 | 4.99 | 5.07 | 5.11 | 5.19 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.00 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -21.86 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 4.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.94 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 4.93 | |
| Zig ZAG (10): | 4.86 | |
| VORTEX (21): | 0.8200 | |
| Stochastique (14,3,5): | 11.34 | |
| TEMA (21): | 4.88 | |
| Williams %R (14): | -90.95 | |
| Chande Momentum Oscillator (20): | -0.10 | |
| Repulse (5,40,3): | -0.4100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.38 |
| MA7: | 4.93 | |
| MA20: | 4.98 | |
| MA50: | 4.93 | |
| MA100: | 4.72 | |
| MAexp7: | 4.88 | |
| MAexp20: | 4.90 | |
| MAexp50: | 4.94 | |
| MAexp100: | 4.96 | |
| Price / MA7: | -1.42% | |
| Price / MA20: | -2.41% | |
| Price / MA50: | -1.42% | |
| Price / MA100: | +2.97% | |
| Price / MAexp7: | -0.41% | |
| Price / MAexp20: | -0.82% | |
| Price / MAexp50: | -1.62% | |
| Price / MAexp100: | -2.02% |
Quotes :
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15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on CLOUGH GLOB. OPPORTUNITIES FUND at the time of the analysis were as follows:
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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