PFO Flaherty & Crumrine Preferred and Income Opportunity Fund Forecast, Technical & Fundamental Analysis
Momentum Indicator for PFO turns positive, indicating new upward trend
PFO saw its Momentum Indicator move above the 0 level on October 30, 2023. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 81 similar instances where the indicator turned positive. In of the 81 cases, the stock moved higher in the following days. The odds of a move higher are at .
Technical Analysis (Indicators)
Bullish Trend Analysis
PFO moved above its 50-day moving average on November 02, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for PFO crossed bullishly above the 50-day moving average on November 09, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 19 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PFO advanced for three days, in of 316 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 230 cases where PFO Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 12 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PFO declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
PFO broke above its upper Bollinger Band on November 01, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Industry description
General Information
Category Unknown
| 1 Day | |||
|---|---|---|---|
| MFs / NAME | Price $ | Chg $ | Chg % |
| MBIRX | 30.87 | 0.32 | +1.05% |
| Morgan Stanley Insight IR | |||
| RAACX | 11.62 | 0.03 | +0.26% |
| Altegris/AACA Opportunistic Real Estt C | |||
| PFGRX | 28.63 | N/A | N/A |
| Pioneer Fundamental Growth R | |||
| WQAIX | 10.75 | N/A | N/A |
| Westwood Quality AllCap Institutional | |||
| BGLTX | 24.99 | -0.17 | -0.66% |
| Baillie Gifford Long Term Global Gr 2 | |||
PFO and
Correlation & Price change
A.I.dvisor indicates that over the last year, PFO has been closely correlated with FPE. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if PFO jumps, then FPE could also see price increases.