Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
First Trust/abrdn Global Opportunity Income Fund Common Shares of Beneficial Interest (NYSE:FAM)
Bull Market Weakness (+75) - FAM is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on FAM as it may be in the beginning stages of a reversal.
Is it time to buy, sell, or avoid FAM?
MarketClub looks at technical strength and momentum to determine if the timing is right for FAM.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for FAM
The long-term trend has been UP since Dec 14th, 2023 at 6.1300
The intermediate-term trend has been DOWN since Apr 1st, 2024 at 6.4300
The short-term trend has been UP since May 6th, 2024 at 6.3599
Smart Scan Analysis for FAM
Based on our trend formula, FAM is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.3400 | 6.3698 | 6.3201 | 6.3694 | +0.0494 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.3800 | 32005 | 2024-05-08 15:48:07 |
| Year High | 11.94 | Year High Date | 2018-01-29 |
| Year Low | 9.05 | Year Low Date | 2018-10-31 |
| 52wk High | 6.67 | 52wk High Date | 2024-03-19 |
| 52wk Low | 5.375 | 52wk Low Date | 2023-10-23 |
| Year End Close | 17.85 | Average Volume | 23,690 |
| Shares Outstanding | 17,365 | Market Cap | 137M |
| Assets | 140,311,903M | Liabilities | 42,540,631M |
| P/E Ratio | 13.3636 | Beta | 0.2 |
| Volatility | 6.37 |