Global High Income Dollar Fund Technical Analysis (NYSE:GHI)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The GHI Chart pattern can give those who understand technical analysis an indication of which way GHI stock is headed, but cannot predict with 100% certainty as to what can happen to the Global High Income Dollar Fund Price.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Global High Income Dollar Fund. Technical analysis uses an approach for Global High Income Dollar Fund Analysis that does not care for the fair value of a company but uses price and volume data only.
Global High Income Dollar Fund Moving Average
Moving averages help predict the price direction of GHI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. The 20 day moving average of $8.69 is above the last closing price of $8.68 and the 50 day moving average of $8.62 is below the last closing price of $8.68. The 10 and 20 day periods can predict short term moving average trends.
Global High Income Dollar Fund Bollinger Bands
Bollinger bands comprise of a center line usually GHI SMA, and two GHI Price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as Price moves closer towards the lower band. Global High Income Dollar Fund bollinger bands show that the Price is $8.68, upper band is 8.75, lower band is 8.63, and the average is 8.69.
Global High Income Dollar Fund Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the Prices will go up. The Global High Income Dollar Fund MACD indicator can be used to identify bullish and bearish trends for the stock.
Global High Income Dollar Fund Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of GHI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.