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ABRDN GLOBAL INCOME FUND INC (FCO) Stock Technical Analysis

NYSEARCA:FCO - NYSE Arca - US0030131090 - Currency: USD

6.5654  -0.03 (-0.52%)

Technical Rating and Analysis

9

We assign a technical rating of 9 out of 10 to FCO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FCO is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, FCO did better than 72% of all other stocks. We also observe that the gains produced by FCO over the past year are nicely spread over this period.
FCO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month FCO has a been trading in a tight range between 6.33 and 6.65.
Weekly and Daily overview Charts
ABRDN GLOBAL INCOME FUND INC / FCO Weekly stock chart
ABRDN GLOBAL INCOME FUND INC / FCO Daily stock chart
Setup Rating and Analysis

10

FCO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FCO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • 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.
Support and Resistance Analysis

5.63

6.68

When analyzing the support we can see 4 important areas.

  • A support zone ranging from 6.33 to 6.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @6.18 from a horizontal line in the daily time frame.
  • A support zone ranging from 5.92 to 6.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 5.69 to 5.78. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 6.61 to 6.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for FCO is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for FCO is up.
ChartMill Relative Strength72.52POSITIVEFCO has a high relative strength, it outperformed 72.52% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of FCO is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of FCO is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of FCO is above the rising SMA(200).
Relative Strength Index/RSI (14)62.59NEUTRALThe RSI value for FCO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.01POSITIVEThe MACD value suggests FCO has a positive trend.
Stochastics (14,3)73.96NEUTRALThe Stochastics value for FCO is a neutral value.
Average True Range in percent/ATR (20)1.87LOW VOLATILITYThe low ATR as a percentage value for FCO suggests low volalility.
Average Directional Index/ADX (14)11.26NEGATIVEThe low ADX value for FCO suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
6.626.410.21 (3.17%)25.00%
An entry @6.62. This is a Buy Stop order right above the resistance zone.An exit @6.41. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.21 points, which is 3.17%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.79%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
ABRDN GLOBAL INCOME FUND INC / FCO Daily stock chart

ABRDN GLOBAL INCOME FUND INC

NYSEARCA:FCO (8/6/2025, 11:43:35 AM)

6.5654

-0.03 (-0.52%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.52%
1 Week2.33%
2 Weeks2.17%
1 Month2.01%
3 Month8.55%
6 Month9.45%
12 Month19.35%
2 Year7.32%
3 Year29.41%
5 Year-4.07%
10 Year-15.38%
15 Year-45.18%
Volatility
ATR(14)0.14
ATR(20)%1.87%
ATR Inc-31.12%
Range Today0.08
ADR(20)0.12
ADR(20)%1.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.52
Mansfield0.12
10 Day High6.65
10 Day Low6.42
20 Day High6.65
20 Day Low6.33
52 Week High6.65
52 Week Low5.3
CS1 End6.52
CR1 Start6.61
Volume & EV
DER(3)5.22%
DER(5)5.7%
Volume25.44K
Volume Incr52.13%
Vol(5)97.92K
Vol(50)73.95K