Flaherty & Crumrine Preferred Income Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Green day on Friday for Flaherty & Crumrine Preferred Income
(Updated on Apr 26, 2024)
The Flaherty & Crumrine Preferred Income stock price gained 0.0523% on the last trading day (Friday, 26th Apr 2024), rising from $8.04 to $8.04. During the last trading day the stock fluctuated 0.486% from a day low at $8.04 to a day high of $8.08. The price has been going up and down for this period, and there has been a -0.74% loss for the last 2 weeks. Volume fell on the last day by -17 thousand shares and in total, 12 thousand shares were bought and sold for approximately $99.51 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Flaherty & Crumrine Preferred Income stock with a 90% probability to be traded between $7.76 and $8.24 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PFO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.39%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Flaherty & Crumrine Preferred Income 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 $8.06 and $8.23. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Wednesday, July 26, 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 Wednesday, July 26, 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 Flaherty & Crumrine Preferred Income stock
Flaherty & Crumrine Preferred Income finds support from accumulated volume at $8.02 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved $0.0391 between high and low, or 0.486%. For the last week the stock has had daily average volatility of 1.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PFO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Flaherty & Crumrine Preferred Income Opportunity Fund Inc to open at $8.05, and during the day (based on 14 day Average True Range), to move between $7.97 and $8.11, which gives a possible trading interval of +/-$0.0747 (+/-0.93%) up or down from last closing price. If Flaherty & Crumrine Preferred Income Opportunity Fund Inc takes out the full calculated possible swing range there will be an estimated 1.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $8.02 (0.31%) than the resistance at $8.21 (2.11%), 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 Preferred Income Opportunity Fund Inc stock A Buy?
Flaherty & Crumrine Preferred Income holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.017 Sell Candidate Unchanged
Predicted Opening Price for Flaherty & Crumrine Preferred Income Opportunity Fund Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $8.05 ( 0.162%) | $8.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PFO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.09 | 0.648 % | |
| R2 | 8.08 | 0.463 % | ||
| R1 | 8.07 | 0.348 % | ||
| Current price: | 8.04 | |||
| Support | S1 | 8.04 | -0.0237 % | |
| S2 | 8.03 | -0.138 % | ||
| S3 | 8.01 | -0.324 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.26 | 2.74 % | |
| R2 | 8.22 | 2.24 % | ||
| R1 | 8.21 | 2.11 % | ||
| Current price | 8.04 | |||
| Support | S1 | 8.02 | -0.311% | |
| S2 | 7.97 | -0.87% | ||
| S3 | 7.93 | -1.37% |
PFO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 24, 2024 | Jul 24, 2024 | Jul 31, 2024 | $0.0483 | 0.600% |
| 2 | Apr 18, 2024 | Jun 21, 2024 | Jun 28, 2024 | $0.0483 | 0.600% |
| 3 | Apr 18, 2024 | May 22, 2024 | May 31, 2024 | $0.0483 | 0.600% |
| 4 | Apr 22, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.0456 | 0.566% |
| 5 | Jan 19, 2024 | Mar 20, 2024 | Mar 28, 2024 | $0.0456 | 0.540% |
FAQ
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