Apollo Tactical Income Fund Inc Stock Forecast
Apollo Tactical Income Fund Inc stock upgraded to Hold/Accumulate.
(Updated on Apr 16, 2024)
The Apollo Tactical Income Fund Inc stock price gained 0.357% on the last trading day (Tuesday, 16th Apr 2024), rising from $14.02 to $14.07. During the last trading day the stock fluctuated 2.02% from a day low at $13.88 to a day high of $14.16. The price has fallen in 6 of the last 10 days and is down by -1.54% for this period. Volume fell on the last day by -86 thousand shares and in total, 180 thousand shares were bought and sold for approximately $2.53 million. 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 wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Apollo Tactical Income Fund Inc stock with a 90% probability to be traded between $13.61 and $15.11 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.
AIF Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 1.88%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 $14.08 and $14.63. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Apollo Tactical Income Fund Inc stock
Apollo Tactical Income Fund Inc finds support from accumulated volume at $14.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.280 between high and low, or 2.02%. For the last week, the stock has had daily average volatility of 1.29%.
Our recommended stop-loss: $13.32 (-5.31%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (AIF) For The Upcoming Trading Day Of Wednesday 17th
For the upcoming trading day on Wednesday, 17th we expect Apollo Tactical Income Fund Inc to open at $14.04, and during the day (based on 14 day Average True Range), to move between $13.87 and $14.27, which gives a possible trading interval of +/-$0.205 (+/-1.45%) 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 2.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.06 (0.07%) than the resistance at $14.09 (0.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.106 Hold/Accumulate Upgraded
Predicted Opening Price for Apollo Tactical Income Fund Inc of Wednesday, April 17, 2024
| Fair opening price April 17, 2024 | Current price |
|---|---|
| $14.04 ( 0.237%) | $14.07 |
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 | 14.32 | 1.75 % | |
| R2 | 14.21 | 0.99 % | ||
| R1 | 14.14 | 0.523 % | ||
| Current price: | 14.07 | |||
| Support | S1 | 13.93 | -1.00 % | |
| S2 | 13.86 | -1.47 % | ||
| S3 | 13.76 | -2.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.81 | 5.26 % | |
| R2 | 14.39 | 2.27 % | ||
| R1 | 14.09 | 0.142 % | ||
| Current price | 14.07 | |||
| Support | S1 | 14.06 | -0.0711% | |
| S2 | 14.02 | -0.355% | ||
| S3 | 13.81 | -1.85% |
AIF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 22, 2024 | Apr 22, 2024 | Apr 30, 2024 | $0.144 | 1.03% |
| 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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