ABRDN GLOBAL INCOME FUND INC (FCO) Technical Analysis
NYSEARCA:FCO • US0030131090
Current stock price
FCO Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to FCO. FCO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, FCO is a bad performer in the overall market: 91% of all stocks are doing better.
- FCO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- 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.
FCO Weekly and Daily overview Charts
FCO Setup Rating and Analysis
The technical rating of FCO is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
FCO Support and Resistance Analysis
2.75
We found 1 important support area.
- A support zone ranging from 2.78 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 2.97 to 3.01. 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 3.06 to 3.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.20 to 3.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
FCO 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.
| 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 | 9.32 | NEGATIVE | FCO has a low relative strength, it was outperformed by 90.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FCO is below a declining 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) | 38.1 | NEUTRAL | The RSI value for FCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.53 | OVERSOLD | The low Stochastics value suggests FCO may be oversold. |
| Average True Range in percent/ATR (20) | 4.05 | MEDIUM VOLATILITY | The ATR as a percentage value for FCO suggests some volalility. |
| Average Directional Index/ADX (14) | 14.56 | NEGATIVE | The low ADX value for FCO suggests a weak or negative trend. |
FCO Chart- and CandleStick Pattern Analysis
FCO Technicals: Chart, Performance Metrics, Trend & Indicators
2.84
+0.03 (+1.07%)
ABRDN GLOBAL INCOME FUND INC / FCO TA FAQ
Can you provide the ChartMill technical rating for ABRDN GLOBAL INCOME FUND INC?
ChartMill assigns a technical rating of 0 / 10 to FCO.
What is the trend direction for FCO stock?
The current trend direction for ABRDN GLOBAL INCOME FUND INC (FCO) is Bearish.
What is the RSI signal for FCO stock?
ABRDN GLOBAL INCOME FUND INC (FCO) has an RSI value of 38.0975. 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 -0.0240988, indicating a bearish trend.
What are the support and resistance levels for ABRDN GLOBAL INCOME FUND INC (FCO) stock?
ABRDN GLOBAL INCOME FUND INC (FCO) has a support level at 2.83 and a resistance level at 2.97. Check the full technical report for our detailed analysis of FCO support and resistance levels.