Cohen & Steers Infrastructure Fund Inc Stock Forecast
Cohen & Steers Infrastructure Fund Inc stock upgraded to Buy Candidate.
(Updated on Apr 24, 2024)
The Cohen & Steers Infrastructure Fund Inc stock price gained 2.79% on the last trading day (Wednesday, 24th Apr 2024), rising from $22.55 to $23.18. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.18% from a day low at $22.49 to a day high of $23.21. The price has risen in 6 of the last 10 days and is up by 2.02% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 165 thousand more shares were traded than the day before. In total, 301 thousand shares were bought and sold for approximately $6.98 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.98% during the next 3 months and, with a 90% probability hold a price between $22.55 and $25.25 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
UTF Signals & Forecast
The Cohen & Steers Infrastructure Fund Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $22.19 and $22.62. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.47%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Wednesday, February 28, 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.
Golden Star
The stock had a Golden Star Signal on Wednesday, February 28, 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 Cohen & Steers Infrastructure Fund Inc stock
Cohen & Steers Infrastructure Fund Inc finds support from accumulated volume at $22.29 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.715 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 1.55%.
Since the Cohen & Steers Infrastructure Fund Inc has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $22.23 (-4.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (UTF) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Cohen & Steers Infrastructure Fund Inc to open at $22.96, and during the day (based on 14 day Average True Range), to move between $22.81 and $23.55, which gives a possible trading interval of +/-$0.373 (+/-1.61%) up or down from last closing price. If Cohen & Steers Infrastructure Fund Inc takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $23.49 (1.34%) than the support at $22.29 (3.84%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Cohen & Steers Infrastructure Fund Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cohen & Steers Infrastructure Fund Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.616 Buy Candidate Upgraded
Predicted Opening Price for Cohen & Steers Infrastructure Fund Inc of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
$22.96 ( 0.96%) | $23.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UTF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.67 | 2.13 % | |
R2 | 23.40 | 0.95 % | ||
R1 | 23.23 | 0.222 % | ||
Current price: | 23.18 | |||
Support | S1 | 22.69 | -2.13 % | |
S2 | 22.52 | -2.86 % | ||
S3 | 22.24 | -4.04 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 23.74 | 2.42 % | |
R2 | 23.57 | 1.68 % | ||
R1 | 23.49 | 1.34 % | ||
Current price | 23.18 | |||
Support | S1 | 22.29 | -3.84% | |
S2 | 22.14 | -4.49% | ||
S3 | 21.37 | -7.81% |
UTF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Jun 11, 2024 | Jun 28, 2024 | $0.155 | 0.669% |
2 | Mar 21, 2024 | May 14, 2024 | May 31, 2024 | $0.155 | 0.669% |
3 | Mar 21, 2024 | Apr 09, 2024 | Apr 30, 2024 | $0.155 | 0.669% |
4 | Dec 12, 2023 | Mar 12, 2024 | Mar 28, 2024 | $0.155 | 0.658% |
5 | Dec 12, 2023 | Feb 13, 2024 | Feb 29, 2024 | $0.155 | 0.710% |
FAQ
Click here for our free guide on how to buy Cohen & Steers Infrastructure Fund Inc Stock.