CABCO Series 2004-101 Trust Stock Forecast

CABCO Series 2004-101 Trust stock price ended at $19.03 on Friday, after losing 0.105%.
(Updated on Apr 19, 2024)

PFH Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 0.105%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The CABCO Series 2004-101 Trust stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $19.20 and $20.20. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for CABCO Series 2004-101 Trust stock

CABCO Series 2004-101 Trust finds support from accumulated volume at $19.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.320 between high and low, or 1.69%. For the last week the stock has had daily average volatility of 1.48%.

CABCO Series 2004-101 Trust is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $17.77 (-6.63%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 17 which reduces the risk some. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (PFH) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect CABCO Series 2004-101 Trust to open at $19.09, and during the day (based on 14 day Average True Range), to move between $18.78 and $19.28, which gives a possible trading interval of +/-$0.254 (+/-1.33%) up or down from last closing price. If CABCO Series 2004-101 Trust takes out the full calculated possible swing range there will be an estimated 2.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $19.02 (0.04%) than the resistance at $20.10 (5.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CABCO Series 2004-101 Trust stock A Buy?

CABCO Series 2004-101 Trust holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.407 Hold/Accumulate Unchanged

Predicted Opening Price for CABCO Series 2004-101 Trust of Monday, April 22, 2024

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