Apollo Tactical Income Fund Inc Stock Forecast
Apollo Tactical Income Fund Inc stock price down 1.04% on Tuesday
(Updated on Apr 23, 2024)
The Apollo Tactical Income Fund Inc stock price fell by -1.04% on the last day (Tuesday, 23rd Apr 2024) from $14.39 to $14.24. During the last trading day the stock fluctuated 1.26% from a day low at $14.24 to a day high of $14.42. The price has fallen in 5 of the last 10 days but is still up by 0.92% over the past 2 weeks. Volume has increased on the last day by 17 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, 113 thousand shares were bought and sold for approximately $1.60 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.33% during the next 3 months and, with a 90% probability hold a price between $13.37 and $14.81 at the end of this 3-month period.
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AIF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 3.11%. Further rise is indicated until a new top pivot has been found. 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 Tactical Income Fund Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $14.26 and $14.50. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Apollo Tactical Income Fund Inc stock
Apollo Tactical Income Fund Inc finds support from accumulated volume at $14.09 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 $0.180 between high and low, or 1.26%. For the last week the stock has had daily average volatility of 1.17%.
Our recommended stop-loss: $13.53 (-5.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (AIF) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Apollo Tactical Income Fund Inc to open at $14.30, and during the day (based on 14 day Average True Range), to move between $14.05 and $14.43, which gives a possible trading interval of +/-$0.193 (+/-1.36%) up or down from last closing price. If Apollo Tactical Income Fund Inc takes out the full calculated possible swing range there will be an estimated 2.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $14.36 (0.84%) than the support at $14.09 (1.05%), 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 Apollo Tactical Income Fund Inc stock A Buy?
Apollo Tactical Income Fund Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.433 Hold/Accumulate Unchanged
Predicted Opening Price for Apollo Tactical Income Fund Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $14.30 ( 0.421%) | $14.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIF
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.48 | 1.69 % | |
| R2 | 14.41 | 1.20 % | ||
| R1 | 14.37 | 0.90 % | ||
| Current price: | 14.24 | |||
| Support | S1 | 14.23 | -0.0615 % | |
| S2 | 14.19 | -0.360 % | ||
| S3 | 14.12 | -0.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.81 | 4.00 % | |
| R2 | 14.39 | 1.05 % | ||
| R1 | 14.36 | 0.84 % | ||
| Current price | 14.24 | |||
| Support | S1 | 14.09 | -1.05% | |
| S2 | 14.06 | -1.26% | ||
| S3 | 13.81 | -3.02% |
AIF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.144 | 1.01% |
| 2 | Mar 20, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.138 | 0.97% |
| 3 | Feb 21, 2024 | Feb 21, 2024 | Feb 29, 2024 | $0.133 | 0.88% |
| 4 | Jan 23, 2024 | Jan 23, 2024 | Jan 31, 2024 | $0.133 | 0.93% |
| 5 | Dec 11, 2023 | Dec 20, 2023 | Dec 29, 2023 | $0.133 | 0.95% |
FAQ
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