Logo image of FAM

FIRST TRUST/ABRDN GLOBAL OPP (FAM) Stock Technical Analysis

NYSE:FAM - New York Stock Exchange, Inc. - US3373191077 - Currency: USD

6.51  -0.07 (-1.06%)

Technical Rating and Analysis

7

Overall FAM gets a technical rating of 7 out of 10. Although FAM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long and short term trends are both positive. This is looking good!
FAM is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FAM is lagging the market slightly.
When compared to the yearly performance of all other stocks, FAM outperforms 42% of them, which is more or less in line with the market.
In the last month FAM has a been trading in a tight range between 6.38 and 6.60.
Volume is considerably higher in the last couple of days.

More info and screens

Weekly and Daily overview Charts
FIRST TRUST/ABRDN GLOBAL OPP / FAM Weekly stock chart
FIRST TRUST/ABRDN GLOBAL OPP / FAM Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, FAM also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for FAM in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

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

Support and Resistance Analysis

6.14

6.74

When analyzing the support we notice one important area.

  • A support zone ranging from 6.20 to 6.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

  • A resistance zone ranging from 6.59 to 6.67. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

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
CRS42.3
Mansfield-0.8
10 Day High6.6
10 Day Low6.41
20 Day High6.6
20 Day Low6.38
52 Week High6.67
52 Week Low5.38
Performance
1 Week-0.31%
2 Weeks0.93%
1 Month0.31%
3 Month1.4%
6 Month0.31%
12 Month12.83%
2 Year19.23%
3 Year-35.74%
5 Year-38.35%
10 Year-52.13%
15 Year-57.97%

More info

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)

More info

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
RSI(14)53.48
LBB6.39
UBB6.59

More info

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
6.616.400.21 (3.18%)25.00%
An entry @6.61. This is a Buy Stop order right above the 10 day high.An exit @6.40. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.21 points, which is 3.18%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.79%.

  • 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.

More info and screens

FIRST TRUST/ABRDN GLOBAL OPP / FAM Daily stock chart

FIRST TRUST/ABRDN GLOBAL OPP

NYSE:FAM (9/20/2024, 8:04:00 PM)

6.51

-0.07 (-1.06%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.06%
1 Week-0.31%
2 Weeks0.93%
1 Month0.31%
3 Month1.4%
6 Month0.31%
12 Month12.83%
2 Year19.23%
3 Year-35.74%
5 Year-38.35%
10 Year-52.13%
15 Year-57.97%
Volatility
ATR(14)0.07
ATR(20)%0.97%
ATR Inc39.7%
Range Today0.11
ADR(20)0.06
ADR(20)%0.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS42.3
Mansfield-0.8
10 Day High6.6
10 Day Low6.41
20 Day High6.6
20 Day Low6.38
52 Week High6.67
52 Week Low5.38
CS1 End6.5
CR1 Start6.59
Volume & EV
DER(3)3.26%
DER(5)0.88%
Volume67.60K
Volume Incr146.35%
Vol(5)98.06K
Vol(50)53.28K