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ABRDN GLOBAL INCOME FUND INC (FCO) Stock Technical Analysis

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

5.84  +0.01 (+0.17%)

Technical Rating and Analysis

1

We assign a technical rating of 1 out of 10 to FCO. FCO has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
FCO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When comparing the yearly performance of all stocks, we notice that FCO is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
FCO is currently trading in the middle of its 52 week range. The S&P500 Index is currently trading in the lower part of its 52 week range, so FCO is still doing slightly better than the market.
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

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 resistance zone just above the current price starting at 5.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.80, 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

5.11

6.40

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 5.69 to 5.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @5.59 from a horizontal line in the daily time frame.
  • Support @5.16 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 5.91 to 6.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 6.21 to 6.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.3
Mansfield0.57
10 Day High6
10 Day Low5.3
20 Day High6.25
20 Day Low5.3
52 Week High6.61
52 Week Low5.3
Performance
1 Week2.28%
2 Weeks-3.64%
1 Month-4.43%
3 Month-2.51%
6 Month-5.97%
12 Month5.81%
2 Year14.99%
3 Year-2.18%
5 Year3.55%
10 Year-39.4%
15 Year-52.87%
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)44.58
LBB5.56
UBB6.17
ABRDN GLOBAL INCOME FUND INC / FCO Daily stock chart

ABRDN GLOBAL INCOME FUND INC

NYSEARCA:FCO (4/21/2025, 2:13:02 PM)

5.84

+0.01 (+0.17%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.17%
1 Week2.28%
2 Weeks-3.64%
1 Month-4.43%
3 Month-2.51%
6 Month-5.97%
12 Month5.81%
2 Year14.99%
3 Year-2.18%
5 Year3.55%
10 Year-39.4%
15 Year-52.87%
Volatility
ATR(14)0.23
ATR(20)%3.28%
ATR Inc-43.24%
Range Today0.08
ADR(20)0.18
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.3
Mansfield0.57
10 Day High6
10 Day Low5.3
20 Day High6.25
20 Day Low5.3
52 Week High6.61
52 Week Low5.3
CS1 End5.8
CR1 Start5.91
Volume & EV
DER(3)8.92%
DER(5)4.58%
Volume39.63K
Volume Incr-37.16%
Vol(5)55.66K
Vol(50)72.28K