ABRDN GLOBAL INCOME FUND INC (FCO) Stock Technical Analysis
NYSEARCA:FCO - NYSE Arca - US0030131090 - Currency: USD
We assign a technical rating of 4 out of 10 to FCO. In the last year, FCO was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
In the last month FCO has a been trading in the 5.92 - 6.43 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the performance of all stocks over the past year, FCO turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
FCO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FCO is lagging the market.
Although the technical rating is only medium, FCO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 5.91, 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
6.40
When analyzing the support we can see 3 important areas.
- A support zone ranging from 5.73 to 5.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.59 from a horizontal line in the daily time frame.
- Support @5.16 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 5.98 to 6.06. 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.85
Mansfield-0.46
10 Day High6.13
10 Day Low5.92
20 Day High6.43
20 Day Low5.92
52 Week High6.61
52 Week Low5.24
Performance
1 Week0.67%
2 Weeks-1.16%
1 Month-5.53%
3 Month-0.83%
6 Month3.1%
12 Month2.75%
2 Year6.79%
3 Year-11.67%
5 Year-16.94%
10 Year-37.32%
15 Year-48.23%
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)46.51
LBB5.93
UBB6.11
NYSEARCA:FCO (2/21/2025, 8:17:20 PM)
5.98
-0.09 (-1.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.48%
1 Week0.67%
2 Weeks-1.16%
1 Month-5.53%
3 Month-0.83%
6 Month3.1%
12 Month2.75%
2 Year6.79%
3 Year-11.67%
5 Year-16.94%
10 Year-37.32%
15 Year-48.23%
Volatility
ATR(14)0.11
ATR(20)%1.95%
ATR Inc-29.03%
Range Today0.08
ADR(20)0.11
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.85
Mansfield-0.46
10 Day High6.13
10 Day Low5.92
20 Day High6.43
20 Day Low5.92
52 Week High6.61
52 Week Low5.24
CS1 End5.91
CR1 Start5.98
Volume & EV
DER(3)6.19%
DER(5)5.52%
Volume69.00K
Volume Incr-44.81%
Vol(5)62.80K
Vol(50)80.23K