XFLT XAI Octagon Floating Rate and Alternative Income Trust Forecast, Technical & Fundamental Analysis
XAI Octagon Floating Rate & Alternative Income Trust is a diversified, closed-end management investment company which invests in a dynamically managed portfolio of floating-rate credit instruments and other structured credit investments within the private markets... Show more
XFLT in upward trend: price may jump up because it broke its lower Bollinger Band on February 19, 2025
XFLT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 22 cases where XFLT's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 8 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on February 14, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on XFLT as a result. In of 105 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for XFLT turned negative on February 18, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 58 similar instances when the indicator turned negative. In of the 58 cases the stock turned lower in the days that followed. This puts the odds of success at .
XFLT moved below its 50-day moving average on February 06, 2025 date and that indicates a change from an upward trend to a downward trend.
The 50-day moving average for XFLT moved below the 200-day moving average on February 24, 2025. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XFLT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
General Information
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XFLT and ETFs
Correlation & Price change
A.I.dvisor indicates that over the last year, XFLT has been loosely correlated with JQC. These tickers have moved in lockstep 35% of the time. This A.I.-generated data suggests there is some statistical probability that if XFLT jumps, then JQC could also see price increases.
| Ticker / NAME | Correlation To XFLT | 1D Price Change % | ||
|---|---|---|---|---|
| XFLT | 100% | +0.87% | ||
| JQC - XFLT | 35% Loosely correlated | +0.73% | ||
| JFR - XFLT | 33% Poorly correlated | +0.47% | ||
| HFRO - XFLT | 19% Poorly correlated | N/A | ||
| OXLC - XFLT | 14% Poorly correlated | +0.80% | ||
| JBBB - XFLT | 11% Poorly correlated | +0.26% | ||
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