Overall FCO gets a technical rating of 1 out of 10. FCO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, FCO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 2.83, a Stop Loss order could be placed below this zone.
More info and screens
2.76
We found 1 important support area.
- A support zone ranging from 2.79 to 2.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.88 to 2.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 3.04 to 3.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.55 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for FCO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FCO is down. |
| ChartMill Relative Strength | 11.29 | NEGATIVE | FCO has a low relative strength, it was outperformed by 88.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FCO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FCO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of FCO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.86 | NEUTRAL | The RSI value for FCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests FCO has a positive trend. |
| Stochastics (14,3) | 28.07 | NEUTRAL | The Stochastics value for FCO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for FCO suggests some volalility. |
| Average Directional Index/ADX (14) | 26.2 | POSITIVE | The high ADX value value for FCO suggests a strong trend. |
2.865
+0.02 (+0.53%)
ABRDN GLOBAL INCOME FUND INC / FCO FAQ
Can you provide the ChartMill technical rating for ABRDN GLOBAL INCOME FUND INC?
ChartMill assigns a technical rating of 1 / 10 to FCO.
Can you provide the trend direction for ABRDN GLOBAL INCOME FUND INC?
The current trend direction for ABRDN GLOBAL INCOME FUND INC (FCO) is Bearish.
Can you provide the RSI signal for ABRDN GLOBAL INCOME FUND INC?
ABRDN GLOBAL INCOME FUND INC (FCO) has an RSI value of 41.8558. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ABRDN GLOBAL INCOME FUND INC?
The MACD indicator for ABRDN GLOBAL INCOME FUND INC (FCO) has a value of 0.00263601, indicating a bearish trend.
What is the buy/sell signal for FCO stock?
The buy/sell signal for ABRDN GLOBAL INCOME FUND INC (FCO) is sell as both the short term and long term trends are negative.