APOLLO TACTICAL INCOME FUND (AIF) Stock Technical Analysis
NYSE:AIF - New York Stock Exchange, Inc. - US0376381036 - Currency: USD
Taking everything into account, AIF scores 4 out of 10 in our technical rating. In the last year, AIF was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
Although the technical rating is only medium, AIF does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 14.77, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.66
We found 4 important support areas.
- A support zone ranging from 14.51 to 14.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 13.72 to 14.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.42 from a trend line in the weekly time frame.
- Support @11.78 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 14.83 to 14.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 15.35 to 15.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AIF is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AIF is neutral. |
| ChartMill Relative Strength | 68.87 | NEUTRAL | AIF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AIF is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AIF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AIF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.91 | NEUTRAL | The RSI value for AIF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AIF has a negative trend. |
| Stochastics (14,3) | 43.15 | NEUTRAL | The Stochastics value for AIF is a neutral value. |
| Average True Range in percent/ATR (20) | 1.17 | LOW VOLATILITY | The low ATR as a percentage value for AIF suggests low volalility. |
| Average Directional Index/ADX (14) | 12.18 | NEGATIVE | The low ADX value for AIF suggests a weak or negative trend. |
NYSE:AIF (7/19/2024, 8:04:00 PM)
14.82
-0.04 (-0.27%)