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

XFLT's MACD Histogram just turned positive

The Moving Average Convergence Divergence (MACD) for XFLT turned positive on July 05, 2022. Looking at past instances where XFLT's MACD turned positive, the stock continued to rise in 41 of 45 cases over the following month. The odds of a continued upward trend are 90%.

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on July 27, 2022. You may want to consider a long position or call options on XFLT as a result. In of 100 past instances where the momentum indicator moved above 0, the stock continued to climb. 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 264 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 181 cases where XFLT 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 Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 52 cases where XFLT's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

XFLT moved below its 50-day moving average on August 04, 2022 date and that indicates a change from an upward trend to a 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 .

XFLT broke above its upper Bollinger Band on July 28, 2022. 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)