In its latest trading session, First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO) dropped by -0.8% – here is what that looked like (as of 2019-12-26):
What’s the reason for these moves? To grasp this action better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.003, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.083, an Accumulation/Distribution Index (ADI) of 0.083, an On-Balance Volume (OBV) of 177.583, and a Chaiikin Money Flow (CMF) of 14.16. 3.571
Now let’s take all these indicators into account. According to Trading View, this is what it all means:
That is what an analysis of technical indicators seems to indicate for First Trust/Aberdeen Emerging Opportunity Fund (NYSE:FEO). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.