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

Grade Last Price % Change Price Change
C 6.29 0.23% 0.01
FAM closed up 0.23 percent on Wednesday, July 3, 2024, on 34 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. It ran into resistance at its 50 day moving average.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Flat

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
20 DMA Resistance Bearish 0.23%
Fell Below 50 DMA Bearish 0.23%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 0.23%
Calm After Storm Range Contraction 0.23%

   Recent Intraday Alerts

Alert Time
10 DMA Support about 9 hours ago
50 DMA Resistance about 9 hours ago
Rose Above 10 DMA about 9 hours ago
Rose Above 20 DMA 1 day ago
10 DMA Support 1 day ago

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Profile

First Trust/Aberdeen Global Opportunity Income Fund Description

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.


Classification

Keywords: Exchange Traded Fund ETF Bond Mutual Fund Bond Market Fixed Income Debt Securities Primary Dealers Aberdeen Asset Management Jpm G7 Fx Index 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 6.5261
52 Week Low 4.9285
Average Volume 22,928
200-Day Moving Average 5.87
50-Day Moving Average 6.29
20-Day Moving Average 6.32
10-Day Moving Average 6.29
Average True Range 0.09
RSI (14) 47.92
ADX 19.54
+DI 13.28
-DI 20.18
Chandelier Exit (Long, 3 ATRs) 6.19
Chandelier Exit (Short, 3 ATRs) 6.35
Upper Bollinger Bands 6.42
Lower Bollinger Band 6.22
Percent B (%b) 0.35
BandWidth 3.10
MACD Line -0.01
MACD Signal Line 0.00
MACD Histogram -0.0074
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 6.35
Resistance 3 (R3) 6.35 6.33 6.34
Resistance 2 (R2) 6.33 6.32 6.33 6.34
Resistance 1 (R1) 6.31 6.31 6.30 6.31 6.34
Pivot Point 6.29 6.29 6.28 6.29 6.29
Support 1 (S1) 6.27 6.27 6.26 6.27 6.24
Support 2 (S2) 6.25 6.26 6.25 6.24
Support 3 (S3) 6.23 6.25 6.24
Support 4 (S4) 6.23