Free Daily Analysis
Stock Trend Analysis Report
Prepared for you on Friday, July 26, 2024.
First Trust/abrdn Global Opportunity Income Fund Common Shares of Beneficial Interest (NYSE:FAM)
Countertrend Up (+85) - FAM is showing short-term weakness. However, look for the longer-term bullish trend to resume. As always, continue to monitor the trend score and utilize a stop order.
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 UP since Jul 15th, 2024 at 6.4299
The short-term trend has been DOWN since Jul 22nd, 2024 at 6.3700
Smart Scan Analysis for FAM
Based on our trend formula, FAM is rated as a +85 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 6.3000 | 6.3931 | 6.3000 | 6.3840 | +0.0340 |
| Prev. Close | Volume | Bid | Ask | Time |
| 6.3500 | 23418 | 2024-07-26 15:59:31 |
| 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 | 36,214 |
| 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 |