GDO Western Asset Global Corporate Opportunity Fund Inc Forecast, Technical & Fundamental Analysis
Western Asset Global Corp Defined Opp is a closed-end management investment company with a primary investment objective to provide current income... Show more
GDO in +1.04% Uptrend, advancing for three consecutive days on June 13, 2025
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where GDO advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 23, 2025. You may want to consider a long position or call options on GDO as a result. In of 80 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 GDO just turned positive on June 03, 2025. Looking at past instances where GDO's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 294 cases where GDO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 8 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GDO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GDO broke above its upper Bollinger Band on June 12, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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General Information
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GDO and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, GDO has been loosely correlated with JPIB. These tickers have moved in lockstep 38% of the time. This A.I.-generated data suggests there is some statistical probability that if GDO jumps, then JPIB could also see price increases.
| Ticker / NAME | Correlation To GDO | 1D Price Change % | ||
|---|---|---|---|---|
| GDO | 100% | +0.35% | ||
| JPIB - GDO | 38% Loosely correlated | -0.39% | ||
| WIP - GDO | 32% Poorly correlated | -0.33% | ||
| SPSK - GDO | 25% Poorly correlated | -0.39% | ||
| IGOV - GDO | 20% Poorly correlated | -0.70% | ||
| BWX - GDO | 12% Poorly correlated | -0.73% | ||
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