Apollo Senior Floating Rate Fund Inc Stock Forecast
Evaluation of Apollo Senior Floating Rate Fund Inc stock downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Apollo Senior Floating Rate Fund Inc stock price fell by -0.98% on the last day (Thursday, 25th Apr 2024) from $14.27 to $14.13. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.74% from a day low at $14.05 to a day high of $14.30. The price has fallen in 6 of the last 10 days and is down by -1.19% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 109 thousand shares were bought and sold for approximately $1.54 million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $14.14. A reaction back to this level may hold a second chance to get out before further falls.
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AFT Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Apollo Senior Floating Rate Fund Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $14.31 and $14.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -2.62%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Tuesday, December 05, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, December 05, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Apollo Senior Floating Rate Fund Inc stock
Apollo Senior Floating Rate Fund Inc finds support from accumulated volume at $14.07 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.245 between high and low, or 1.74%. For the last week the stock has had daily average volatility of 1.18%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AFT) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Apollo Senior Floating Rate Fund Inc to open at $14.16, and during the day (based on 14 day Average True Range), to move between $13.99 and $14.27, which gives a possible trading interval of +/-$0.139 (+/-0.98%) up or down from last closing price. If Apollo Senior Floating Rate Fund Inc takes out the full calculated possible swing range there will be an estimated 1.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.07 (0.42%) than the resistance at $14.20 (0.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Apollo Senior Floating Rate Fund Inc stock A Buy?
The Apollo Senior Floating Rate Fund Inc stock holds several negative signals and despite the positive trend, we believe Apollo Senior Floating Rate Fund Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.138 Sell Candidate Downgraded
Predicted Opening Price for Apollo Senior Floating Rate Fund Inc of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$14.16 ( 0.201%) | $14.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AFT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.40 | 1.93 % | |
R2 | 14.31 | 1.27 % | ||
R1 | 14.25 | 0.86 % | ||
Current price: | 14.13 | |||
Support | S1 | 14.06 | -0.462 % | |
S2 | 14.01 | -0.87 % | ||
S3 | 13.91 | -1.53 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.44 | 2.19 % | |
R2 | 14.25 | 0.85 % | ||
R1 | 14.20 | 0.495 % | ||
Current price | 14.13 | |||
Support | S1 | 14.07 | -0.425% | |
S2 | 13.78 | -2.48% | ||
S3 | 13.72 | -2.90% |
AFT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 22, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.140 | 0.99% |
2 | Mar 20, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.137 | 0.96% |
3 | Feb 21, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.137 | 0.96% |
4 | Jan 11, 2024 | Jan 23, 2024 | Jan 31, 2024 | $0.137 | 1.00% |
5 | Dec 11, 2023 | Dec 20, 2023 | Dec 29, 2023 | $0.137 | 1.03% |
FAQ
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