Angel Oak Financial Strategies Income Trust Forecast

Green day on Friday for Angel Oak Financial Strategies Income trust after gaining 0.162%
(Updated on Jun 28, 2024)

FINS Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.98%. Further rise is indicated until a new top pivot has been found. Angel Oak Financial Strategies Income has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Angel Oak Financial Strategies Income trust holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the trust giving a more negative forecast for the stock. On further gains, the trust will meet resistance from the long-term Moving Average at $12.39. On a fall, the trust will find some support from the short-term average at $12.22. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The trust had a Golden Star Signal on Friday, January 05, 2024 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 trust in question.

Support, Risk & Stop-loss for Angel Oak Financial Strategies Income trust

Angel Oak Financial Strategies Income finds support from accumulated volume at $12.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the trust tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the trust moved $0.210 between high and low, or 1.71%. For the last week the trust has had daily average volatility of 1.29%.

Our recommended stop-loss: $11.70 (-5.45%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)

Trading Expectations (FINS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Angel Oak Financial Strategies Income Term Trust to open at $12.40, and during the day (based on 14 day Average True Range), to move between $12.23 and $12.51, which gives a possible trading interval of +/-$0.140 (+/-1.13%) up or down from last closing price. If Angel Oak Financial Strategies Income Term Trust takes out the full calculated possible swing range there will be an estimated 2.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $12.35 (0.16%) than the resistance at $12.47 (0.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Angel Oak Financial Strategies Income Term Trust trust A Buy?

Angel Oak Financial Strategies Income holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.335 Hold/Accumulate Unchanged

Predicted Opening Price for Angel Oak Financial Strategies Income Term Trust of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.