FS Credit Opportunities Corp. Stock Forecast
FS Credit Opportunities Corp. stock upgraded to Buy Candidate.
(Updated on May 17, 2024)
The FS Credit Opportunities Corp. stock price gained 0.325% on the last trading day (Friday, 17th May 2024), rising from $6.15 to $6.17. During the last trading day the stock fluctuated 1.95% from a day low at $6.15 to a day high of $6.27. The price has fallen in 6 of the last 10 days and is down by -0.48% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 196 thousand more shares were traded than the day before. In total, 603 thousand shares were bought and sold for approximately $3.72 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.98% during the next 3 months and, with a 90% probability hold a price between $6.42 and $6.78 at the end of this 3-month period.
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FSCO Signals & Forecast
The FS Credit Opportunities Corp. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $6.15 and $5.98. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -0.80%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for FS Credit Opportunities Corp. stock
FS Credit Opportunities Corp. finds support from accumulated volume at $5.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.120 (1.95%) between high and low. For the last week, the stock has had daily average volatility of 1.13%.
Our recommended stop-loss: $5.95 (-3.63%) (This stock has low daily movements and this gives low risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (FSCO) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect FS Credit Opportunities Corp. to open at $6.20, and during the day (based on 14 day Average True Range), to move between $6.08 and $6.26, which gives a possible trading interval of +/-$0.0910 (+/-1.48%) up or down from last closing price. If FS Credit Opportunities Corp. takes out the full calculated possible swing range there will be an estimated 2.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.18 (0.16%) than the support at $5.91 (4.21%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is FS Credit Opportunities Corp. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for FS Credit Opportunities Corp. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.049 Buy Candidate Upgraded
Predicted Opening Price for FS Credit Opportunities Corp. of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
$6.20 ( 0.432%) | $6.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSCO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.32 | 2.38 % | |
R2 | 6.27 | 1.63 % | ||
R1 | 6.24 | 1.18 % | ||
Current price: | 6.17 | |||
Support | S1 | 6.15 | -0.311 % | |
S2 | 6.12 | -0.770 % | ||
S3 | 6.08 | -1.51 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6.22 | 0.81 % | |
R2 | 6.20 | 0.486 % | ||
R1 | 6.18 | 0.162 % | ||
Current price | 6.17 | |||
Support | S1 | 5.91 | -4.21% | |
S2 | 5.85 | -5.19% | ||
S3 | 5.68 | -7.94% |
FSCO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 01, 2024 | May 22, 2024 | May 31, 2024 | $0.0600 | 0.97% |
2 | Apr 22, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.0600 | 1.02% |
3 | Mar 20, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.0600 | 1.01% |
4 | Feb 21, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.0570 | 0.99% |
5 | Jan 11, 2024 | Jan 23, 2024 | Jan 31, 2024 | $0.0570 | 0.99% |
FAQ
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