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XFLT
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220.61M

XFLT XAI Octagon Floating Rate & Alternative Income Term Trust Forecast, Technical & Fundamental Analysis

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A.I.Advisor
a Summary for XFLT with price predictions
08:00 PM EDT Jun 01, 2023

XFLT in upward trend: price rose above 50-day moving average on April 28, 2023

XFLT moved above its 50-day moving average on April 28, 2023 date and that indicates a change from a downward trend to an upward trend. In of 32 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on May 31, 2023. You may want to consider a long position or call options on XFLT as a result. In of 105 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for XFLT just turned positive on June 01, 2023. Looking at past instances where XFLT's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .

The 10-day moving average for XFLT crossed bullishly above the 50-day moving average on May 03, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 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 XFLT advanced for three days, in of 298 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for XFLT moved out of overbought territory on May 09, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 28 similar instances where the indicator moved out of overbought territory. In of the 28 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.

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 .

XFLT broke above its upper Bollinger Band on June 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)

Fear & Greed
A.I.Advisor
published Highlights

Industry description

XAI Octagon FR & Alt Income Term Trust is a diversified, closed-end management investment company. The Trust's investment objective is to seek attractive total return with an emphasis on income generation across multiple stages of the credit cycle.
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A.I. Advisor
published General Information

General Information

Category Unknown

Profile
Fundamentals
Details
Category
Bank Loan
Address
321 NORTH CLARK STREET #2430Chicago
Phone
N/A
Web
www.xainvestments.com/XFLT
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XFLT and

Correlation & Price change

A.I.dvisor indicates that over the last year, XFLT has been loosely correlated with OXLC. These tickers have moved in lockstep 49% of the time. This A.I.-generated data suggests there is some statistical probability that if XFLT jumps, then OXLC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To XFLT
1D Price
Change %
XFLT100%
-0.30%
OXLC - XFLT
49%
Loosely correlated
+0.59%
JQC - XFLT
42%
Loosely correlated
N/A
BKLN - XFLT
39%
Loosely correlated
+0.48%
SRLN - XFLT
38%
Loosely correlated
+0.47%
FTSL - XFLT
34%
Loosely correlated
+0.36%
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