Technical Analysis for FAM - First Trust/Aberdeen Global Opportunity Income Fund

Grade Last Price % Change Price Change
grade B 9.88 -1.00% -0.10
FAM closed down 1.0 percent on Friday, May 29, 2020, on 57 percent of normal volume. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a pullback should not be unexpected.

Trend Table & Recent Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Up Up
Historical FAM trend table...

Date Alert Name Type % Chg
Jack-in-the-Box Bullish Bullish Swing Setup 0.00%
Upper Bollinger Band Walk Strength 0.00%
Inside Day Range Contraction 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Expansion Breakout Bullish Swing Setup -1.00%
Pocket Pivot Bullish Swing Setup -1.00%
Wide Range Bar Range Expansion -1.00%
Upper Bollinger Band Walk Strength -1.00%

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Profile

First Trust/Aberdeen Global Opportunity Income Fund is a closed ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co managed by Aberdeen Asset Management Inc. The fund invests in the fixed income markets across the globe. It primarily invests in investment grade and below-investment grade government and corporate debt securities. The fund benchmarks the performance of its portfolio against the Barclays Capital Global Emerging Markets Index, Barclays Capital Global Aggregate Index and a blended index comprising of 40% of the Citigroup World Government Bond Index, 30% of the JPMorgan Emerging Markets Bond Index – Global Diversified and 30% of the JPMorgan Global Bond Index - Emerging Markets Diversified. It invests in fixed income securities with average credit quality rating of BBB- or higher. First Trust/Aberdeen Global Opportunity Income Fund was formed on November 23, 2004 and is domiciled in the United States.
Exchange Traded Fund ETF Bond Mutual Fund Bond Market Fixed Income Primary Dealers Jpm G7 Fx Index Jpmorgan Chase Ftse Smallcap Index

Is FAM a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 11.63
52 Week Low 7.68
Average Volume 36,637
200-Day Moving Average 10.48
50-Day Moving Average 9.03
20-Day Moving Average 9.34
10-Day Moving Average 9.52
Average True Range 0.18
ADX 24.49
+DI 41.41
-DI 10.76
Chandelier Exit (Long, 3 ATRs ) 9.59
Chandelier Exit (Short, 3 ATRs ) 9.52
Upper Bollinger Band 9.86
Lower Bollinger Band 8.83
Percent B (%b) 1.02
BandWidth 11.01
MACD Line 0.17
MACD Signal Line 0.09
MACD Histogram 0.0789
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 10.26
Resistance 3 (R3) 10.24 10.09 10.19
Resistance 2 (R2) 10.09 10.00 10.10 10.17
Resistance 1 (R1) 9.99 9.94 9.92 10.01 10.15
Pivot Point 9.84 9.84 9.81 9.85 9.84
Support 1 (S1) 9.74 9.75 9.67 9.76 9.61
Support 2 (S2) 9.59 9.69 9.60 9.59
Support 3 (S3) 9.49 9.59 9.57
Support 4 (S4) 9.51