FS CREDIT OPPORTUNITIES CORP (FSCO) Stock Technical Analysis
NYSE:FSCO - New York Stock Exchange, Inc. - US30290Y1010 - Currency: USD
Taking everything into account, FSCO scores 9 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, FSCO 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, FSCO did better than 71% of all other stocks.
FSCO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so FSCO is leading the market.
FSCO has an average volume of 1086470 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month FSCO has a been trading in a tight range between 6.91 and 7.25.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, FSCO also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 7.12, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
6.04
7.31
2 important support areas can be observed.
- A support zone ranging from 6.88 to 7.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.10 to 6.19. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.24 to 7.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for FSCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FSCO is up. |
| ChartMill Relative Strength | 71.51 | POSITIVE | FSCO has a high relative strength, it outperformed 71.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FSCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FSCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FSCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.73 | NEUTRAL | The RSI value for FSCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FSCO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 81.89 | OVERBOUGHT | The high Stochastics value suggests FSCO may be overbought. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for FSCO suggests low volalility. |
| Average Directional Index/ADX (14) | 8.68 | NEGATIVE | The low ADX value for FSCO suggests a weak or negative trend. |
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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.24 | 6.94 | 0.30 (4.14%) | 24.13% |
| An entry @7.24. This is a Buy Stop order right above the resistance zone. | An exit @6.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.30 points, which is 4.14%. | When investing 24.13% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
7.23
+0.08 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.12%
1 Week0.14%
2 Weeks3.29%
1 Month2.12%
3 Month3.43%
6 Month7.27%
12 Month14.22%
2 Year52.21%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%1.48%
ATR Inc6.69%
Range Today0.07
ADR(20)0.1
ADR(20)%1.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.51
Mansfield0.36
10 Day High7.25
10 Day Low6.95
20 Day High7.25
20 Day Low6.91
52 Week High7.25
52 Week Low5.29
CS1 End7.12
CR1 Start7.15
Volume & EV
DER(3)1.65%
DER(5)0.48%
Volume892.90K
Volume Incr-21.33%
Vol(5)699.44K
Vol(50)1.09M