ABRDN GLOBAL INCOME FUND INC (FCO) Stock Technical Analysis
NYSEARCA:FCO - NYSE Arca - US0030131090 - Currency: USD
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.
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.
More info and screens
5.11
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.
NYSEARCA:FCO (4/21/2025, 2:13:02 PM)
5.84
+0.01 (+0.17%)