GGN GAMCO Global Gold Natural Resources & Income Trust Forecast, Technical & Fundamental Analysis
GGN saw its Stochastic Oscillator recovers from the overbought zone
The Stochastic Oscillator for GGN moved out of overbought territory on December 04, 2023. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 67 similar instances where the indicator exited the overbought zone. In of the 67 cases the stock moved lower. This puts the odds of a downward move at .
Technical Analysis (Indicators)
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GGN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for GGN entered a downward trend on November 20, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 21, 2023. You may want to consider a long position or call options on GGN as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for GGN just turned positive on November 14, 2023. Looking at past instances where GGN's MACD turned positive, the stock continued to rise in of 55 cases over the following month. The odds of a continued upward trend are .
GGN moved above its 50-day moving average on November 21, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for GGN crossed bullishly above the 50-day moving average on November 22, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GGN advanced for three days, in of 281 cases, the price rose further within the following month. The odds of a continued upward trend are .
Fundamental Analysis (Ratings)
Industry description
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Unknown
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MSSCX | 7.98 | N/A | N/A |
| AMG Frontier Small Cap Growth I | |||
| VAAGX | 26.50 | N/A | N/A |
| Virtus NFJ Large-Cap Value R6 | |||
| BDBKX | 21.60 | -0.04 | -0.18% |
| iShares Russell 2000 Small-Cap Idx K | |||
| TRHZX | 119.96 | -0.47 | -0.39% |
| T. Rowe Price Equity Index 500 Z | |||
| BCSCX | 7.72 | -0.10 | -1.28% |
| BlackRock Commodity Strategies Inv C | |||
GGN and
Correlation & Price change
A.I.dvisor indicates that over the last year, GGN has been loosely correlated with GUNR. These tickers have moved in lockstep 63% of the time. This A.I.-generated data suggests there is some statistical probability that if GGN jumps, then GUNR could also see price increases.