RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CXH
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Green day on Wednesday for Colonial Investment Grade Municipal
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 19, 2024 Gain 0.66% PDF

The Colonial Investment Grade Municipal stock price gained 0.393% on the last trading day (Wednesday, 27th Mar 2024), rising from $7.64 to $7.67. During the last trading day the stock fluctuated 0.320% from a day low at $7.65 to a day high of $7.67. The price has risen in 6 of the last 10 days and is up by 1.46% over the past 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 6 thousand shares were bought and sold for approximately $46.76 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $7.67 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Colonial Investment Grade Municipal stock with a 90% probability to be traded between $7.54 and $7.73 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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CXH Signals & Forecast

The Colonial Investment Grade Municipal stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $7.65 and $7.56. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 22, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, March 01, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, March 01, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Colonial Investment Grade Municipal stock

Colonial Investment Grade Municipal finds support from accumulated volume at $7.56 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.0245 between high and low, or 0.320%. For the last week the stock has had daily average volatility of 0.563%

Our recommended stop-loss: $7.43 (-3.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

Trading Expectations (CXH) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Colonial Investment Grade Municipal Trust to open at $7.66, and during the day (based on 14 day Average True Range), to move between $7.62 and $7.72, which gives a possible trading interval of +/-$0.0464 (+/-0.61%) up or down from last closing price. If Colonial Investment Grade Municipal Trust takes out the full calculated possible swing range there will be an estimated 1.21% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $7.56, some $0.110 (1.43%) from the current price of $7.67, our system finds the risk reward attractive.

Is Colonial Investment Grade Municipal Trust stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Colonial Investment Grade Municipal stock to perform well in the short-term period.

Current score: 2.121 Buy Candidate Unchanged

Predicted Opening Price for Colonial Investment Grade Municipal Trust of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$7.66 ( 0.106%) $7.67

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CXH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 7.69 0.213 %
R2 7.68 0.0909 %
R1 7.67 0.0155 %
Current price: 7.67
Support S1 7.65 -0.228 %
S2 7.65 -0.304 %
S3 7.64 -0.426 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 7.67
Support S1 7.56 -1.43%
S2 7.54 -1.69%
S3 7.49 -2.35%

CXH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 12, 2024 Mar 12, 2024 Mar 28, 2024 $0.0255 0.333%
2 Feb 01, 2024 Feb 13, 2024 Feb 29, 2024 $0.0235 0.313%
3 Jan 02, 2024 Jan 16, 2024 Jan 31, 2024 $0.0225 0.300%
4 Dec 01, 2023 Dec 19, 2023 Dec 29, 2023 $0.0220 0.291%
5 Nov 01, 2023 Nov 14, 2023 Nov 30, 2023 $0.0220 0.303%

FAQ

What is the symbol for Colonial Investment Grade Municipal Trust Stock and on which exchange is it traded?
The symbol for Colonial Investment Grade Municipal Trust is CXH and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Colonial Investment Grade Municipal Trust Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Colonial Investment Grade Municipal stock to perform well in the short-term period.

How to buy Colonial Investment Grade Municipal Trust Stock?
Colonial Investment Grade Municipal Trust Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Colonial Investment Grade Municipal Trust Stock.

What's the current price of Colonial Investment Grade Municipal Trust Stock?
As of the end of day on the 2024-03-27, the price of an Colonial Investment Grade Municipal Trust (CXH) share was $7.67.

What is the 52-week high and low for Colonial Investment Grade Municipal Trust Stock?
The 52-week high for Colonial Investment Grade Municipal Trust Stock is $7.74 and the 52-week low is $6.41.

What is the market capitalization of Colonial Investment Grade Municipal Trust Stock?
As of the 2024-03-27, the market capitalization of Colonial Investment Grade Municipal Trust is 69.876M.
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About Colonial Investment Grade Municipal Trust

MFS Investment Grade Municipal is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in fixed income markets of the United States. It primarily invests in tax-exempt bonds and tax-exempt notes. The fund benchmarks the performance of its portfolio against Barclays Municipal Bond Index. MFS Investment Grade Municipal Trust was founded in May 16, 1989 and is domiciled in United S... CXH Profile

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