IGI Technical

Technical Sentiment Analysis for Western Asset Investment Grade Defined Opportunity Trust Inc (IGI) As of 2025-04-24, Western Asset Investment Grade Defined Opportunity Trust Inc (IGI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 11 technical signals, shows that 7 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IGI stands at 45.4, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -0.14, providing a Sell signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 32.02 and the Commodity Channel Index (CCI) at -45.2 further confirm a 0.04 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, IGI is trading below its 60-day moving average of $16.5 and below its 200-day long-term moving average of $16.75. Key price levels to watch include the immediate resistance at $16.38 and strong support at $15.7. A break above $16.38 could signal a bull continuation, while falling below $15.7 may test the next Fibonacci floor at $15.39.