HFRO NEWS why is Highland Floating Rate Opportunities Fund price falling or rising

HFRO NEWS reasons for why stock price of Highland Floating Rate Opportunities Fund is falling or rising

HFRO Highland Floating is falling or rising technical reasons

Technical analysis forecast for Highland Floating Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Highland Floating HFRO at this time. Stock is falling and might fall more.

It appears as if Highland Floating HFRO gave a large move recently.

Stock of Highland Floating (HFRO) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Highland Floating is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 6.4 as stoploss in an intra day buy trade for a target of 6.49. However, stock will show a bearish move below 6.4.

HFRO Highland Floating is falling or rising NEWS fundamental reasons

More announcements and NEWS

HFRO Highland Floating Rate Opportunities Fund current price & indicator signals

Moving Averages for Highland Floating Rate Opportunities Fund

  • 5Day Average: 6.44
  • 12Day Average: 6.44
  • 20Day Average: 6.54
  • 50Day Average: 6.48
  • 100Day Average: 6.86
  • 150Day Average: 7.2
  • 200Day Average: 7.46

HFRO Indicators & signals

Indicator MACD (12,26,9)

6.47, 6.51, -0.02
Indicator MACD is in negative zone

Indicator ADX (14)

0, 38.89, 38.89
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of HFRO Highland Floating Rate Opportunities Fund are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
01 Wed May 2024 6.44 6.36 to 6.47 0.63% 1.14 times
30 Tue Apr 2024 6.40 6.37 to 6.57 -1.84% 1.07 times
29 Mon Apr 2024 6.52 6.41 to 6.53 1.09% 1.06 times
26 Fri Apr 2024 6.45 6.33 to 6.53 1.26% 1.42 times
25 Thu Apr 2024 6.37 6.37 to 6.47 -1.7% 0.92 times
24 Wed Apr 2024 6.48 6.46 to 6.60 -0.92% 1.04 times
23 Tue Apr 2024 6.54 6.41 to 6.58 0.62% 1.02 times
22 Mon Apr 2024 6.50 6.36 to 6.51 2.04% 1.03 times
19 Fri Apr 2024 6.37 6.30 to 6.43 -0.31% 0.82 times
18 Thu Apr 2024 6.39 6.30 to 6.48 0% 0.98 times
17 Wed Apr 2024 6.39 6.34 to 6.40 -0.62% 0.66 times
16 Tue Apr 2024 6.43 6.35 to 6.58 -1.98% 1.37 times

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