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Stock Trend Analysis Report

Prepared for you on Sunday, December 3, 2023.

First Trust/abrdn Global Opportunity Income Fund Common Shares of Beneficial Interest (NYSE:FAM)

Crossroads (+60) - FAM is struggling to move into a solid trend. Beware of choppy markets and consider a sidelines position until a stronger trend is identified.

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.

NYSE_FAM
Open High Low FAM Price Change
5.95 6.12 5.95 6.08 +0.12
Entry Signal

MarketClub’s Trade Triangles for FAM

long term down The long-term trend has been DOWN since Sep 8th, 2023 at 5.8600

intermediate term up The intermediate-term trend has been UP since Oct 30th, 2023 at 5.5299

short term up The short-term trend has been UP since Nov 16th, 2023 at 5.8250

Smart Scan Analysis for FAM

Based on our trend formula, FAM is rated as a +60 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+60
Smart Scan Analysis for FAM
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.95 6.12 5.95 6.08 +0.12
Prev. Close Volume Bid Ask Time
6.07 35196 2023-12-01 16:00:00
Year High11.94Year High Date2018-01-29
Year Low9.05Year Low Date2018-10-31
52wk High6.5652wk High Date2023-07-31
52wk Low5.37552wk Low Date2023-10-23
Year End Close17.85Average Volume51,275
Shares Outstanding17,365Market Cap137M
Assets140,311,903MLiabilities42,540,631M
P/E Ratio13.3636Beta0.2
Volatility6.37
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