Flaherty & Crumrine Total Return Fund Stock Forecast

Flaherty & Crumrine Total Return Fund stock upgraded to Buy Candidate.
(Updated on May 03, 2024)

FLC Signals & Forecast

Mostly positive signals in the chart today. The Flaherty & Crumrine Total Return Fund stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $14.84 and $15.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 4.40%. 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). Flaherty & Crumrine Total Return Fund 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. The stock had a Golden Star Signal on Wednesday, May 01, 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 stock in question.

Support, Risk & Stop-loss for Flaherty & Crumrine Total Return Fund stock

Flaherty & Crumrine Total Return Fund finds support from accumulated volume at $15.09 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 $0.160 between high and low, or 1.06%. For the last week the stock has had daily average volatility of 0.754%.

Our recommended stop-loss: $14.44 (-4.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (FLC) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Flaherty & Crumrine Total Return Fund Inc to open at $15.15, and during the day (based on 14 day Average True Range), to move between $15.06 and $15.34, which gives a possible trading interval of +/-$0.138 (+/-0.90%) up or down from last closing price. If Flaherty & Crumrine Total Return Fund Inc takes out the full calculated possible swing range there will be an estimated 1.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.09 (0.72%) than the resistance at $15.37 (1.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Flaherty & Crumrine Total Return Fund Inc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Flaherty & Crumrine Total Return Fund stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.134 Buy Candidate Upgraded

Predicted Opening Price for Flaherty & Crumrine Total Return Fund Inc of Monday, May 6, 2024

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