Logo image of FCO

ABRDN GLOBAL INCOME FUND INC (FCO) Stock Technical Analysis

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

6.2  -0.1 (-1.59%)

After market: 6.2 0 (0%)

Technical Rating and Analysis

10

Taking everything into account, FCO scores 10 out of 10 in our technical rating. 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.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, FCO did better than 76% of all other stocks. On top of that, FCO also shows a nice and consistent pattern of rising prices.
FCO is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FCO is performing more or less in line with the market.
FCO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
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

8

Besides having an excellent technical rating, FCO also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 6.06, 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.

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

5.53

6.40

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 6.03 to 6.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 5.69 to 5.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @5.59 from a horizontal line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 6.21 to 6.34. This zone is formed by a combination of multiple trend lines and important moving averages 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 Strength76.17POSITIVEFCO has a high relative strength, it outperformed 76.17% 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)54.46NEUTRALThe RSI value for FCO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests FCO has a negative trend.
Stochastics (14,3)56.94NEUTRALThe Stochastics value for FCO is a neutral value.
Average True Range in percent/ATR (20)2.35MEDIUM VOLATILITYThe ATR as a percentage value for FCO suggests some volalility.
Average Directional Index/ADX (14)25.68POSITIVEThe high ADX value value for FCO suggests a strong 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
6.356.110.24 (3.78%)25.00%
An entry @6.35. This is a Buy Stop order right above the resistance zone.An exit @6.11. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.24 points, which is 3.78%.For a 0.94% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • 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 (5/28/2025, 8:04:00 PM)

After market: 6.2 0 (0%)

6.2

-0.1 (-1.59%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.59%
1 Week-2.05%
2 Weeks-0.48%
1 Month3.85%
3 Month3.33%
6 Month4.03%
12 Month12.73%
2 Year17.65%
3 Year5.11%
5 Year5.98%
10 Year-32.09%
15 Year-43.07%
Volatility
ATR(14)0.13
ATR(20)%2.35%
ATR Inc12.56%
Range Today0.16
ADR(20)0.14
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.17
Mansfield0.09
10 Day High6.4
10 Day Low6.12
20 Day High6.4
20 Day Low5.88
52 Week High6.61
52 Week Low5.3
CS1 End6.06
CR1 Start6.21
Volume & EV
DER(3)9.62%
DER(5)8.33%
Volume67.90K
Volume Incr14.26%
Vol(5)81.06K
Vol(50)76.31K