Technical Analysis for PFO - Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated

Grade Last Price % Change Price Change
A 8.51 -0.18% -0.02
PFO closed down 0.18 percent on Friday, July 5, 2024, on 47 percent of normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
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Trend Table & Recent EOD Trading Signals

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

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Three Weeks Tight Range Contraction 0.00%
New 52 Week High Strength 0.00%
Stochastic Reached Overbought Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
BB Squeeze Ended Range Expansion 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%

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Profile

Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated is a close-ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating in the finance and utility sector. The fund primarily invests in preferred stocks. It typically invests in securities with an average credit rating of BBB- by Standard & Poor's Corporation and Baa3 by Moody's Investors Services, Inc. The fund benchmarks the performance of its portfolio against S&P 500 Index and Barclays Capital U.S. Aggregate Index. Flaherty & Crumrine Preferred Income Opportunity Fund Incorporated was formed on December 10, 1991 and is domiciled in the United States.
Classification

Keywords: Exchange Traded Fund ETF Stock Fund Mutual Fund S&P 500 Index CBOE MRI Opportunity Fund Credit Rating Income Opportunity Fund

Is PFO 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 8.55
52 Week Low 6.5807
Average Volume 28,719
200-Day Moving Average 7.79
50-Day Moving Average 8.28
20-Day Moving Average 8.40
10-Day Moving Average 8.44
Average True Range 0.09
RSI (14) 64.16
ADX 22.92
+DI 22.07
-DI 10.86
Chandelier Exit (Long, 3 ATRs) 8.28
Chandelier Exit (Short, 3 ATRs) 8.57
Upper Bollinger Bands 8.51
Lower Bollinger Band 8.29
Percent B (%b) 1.0
BandWidth 2.64
MACD Line 0.06
MACD Signal Line 0.05
MACD Histogram 0.0057
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.57
Resistance 3 (R3) 8.58 8.56 8.56
Resistance 2 (R2) 8.56 8.55 8.56 8.56
Resistance 1 (R1) 8.54 8.54 8.53 8.53 8.55
Pivot Point 8.52 8.52 8.52 8.52 8.52
Support 1 (S1) 8.50 8.51 8.49 8.49 8.47
Support 2 (S2) 8.48 8.50 8.48 8.46
Support 3 (S3) 8.46 8.48 8.46
Support 4 (S4) 8.45