For its latest trading sesion, Western Asset Corporate Loan Fund Inc (NYSE:TLI) spiked up by 1.5% – here is what that looked like (as of 2019-12-24):
What is the cause of all this?? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. The most important ones are as follows:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of -0.001, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.036, an Accumulation/Distribution Index (ADI) of 0.036, an On-Balance Volume (OBV) of 55.861, and a Chaiikin Money Flow (CMF) of -10.02. 1.8
Now let’s plug these indicators in. According to Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for Western Asset Corporate Loan Fund Inc (NYSE:TLI). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.