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 CEF
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Central Fund of Canada Ltd stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 01, 2024 Gain 5.63% PDF

The Central Fund of Canada Ltd stock price gained 0.85% on the last trading day (Wednesday, 27th Mar 2024), rising from $19.90 to $20.07. During the last trading day the stock fluctuated 0.752% from a day low at $19.94 to a day high of $20.09. The price has fallen in 6 of the last 10 days but is still up by 0.05% 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, 32 thousand more shares were traded than the day before. In total, 350 thousand shares were bought and sold for approximately $7.02 million.

The stock lies in the middle of a 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 7.35% during the next 3 months and, with a 90% probability hold a price between $20.15 and $21.92 at the end of this 3-month period.

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CEF Signals & Forecast

The Central Fund of Canada Ltd 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 $20.02 and $19.22. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -1.13%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, February 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, February 28, 2024.

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 Thursday, February 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, February 28, 2024.

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 12 Months

The stock had a Golden Star Signal on Thursday, February 29, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, February 28, 2024.

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 Central Fund of Canada Ltd stock

Central Fund of Canada Ltd finds support from accumulated volume at $20.06 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.150 (0.752%) between high and low. For the last week, the stock has had daily average volatility of 1.14%.

Our recommended stop-loss: $19.22 (-4.22%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

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

For the upcoming trading day on Thursday, 28th we expect Central Fund of Canada Ltd to open at $20.03, and during the day (based on 14 day Average True Range), to move between $19.84 and $20.30, which gives a possible trading interval of +/-$0.232 (+/-1.16%) up or down from last closing price. If Central Fund of Canada Ltd takes out the full calculated possible swing range there will be an estimated 2.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $20.06 (0.05%) than the resistance at $20.30 (1.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Central Fund of Canada Ltd 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 Central Fund of Canada Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.611 Buy Candidate Upgraded

Predicted Opening Price for Central Fund of Canada Ltd of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$20.03 ( 0.183%) $20.07

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

Trading levels for CEF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 20.18 0.565 %
R2 20.13 0.279 %
R1 20.09 0.103 %
Current price: 20.07
Support S1 19.98 -0.468 %
S2 19.94 -0.645 %
S3 19.88 -0.93 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 20.30 1.15 %
Current price 20.07
Support S1 20.06 -0.0498%
S2 18.67 -6.98%
S3 18.52 -7.72%

CEF Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Oct 30, 2017 Oct 30, 2017 Nov 14, 2017 $0.0100 0.0754%
2 Oct 27, 2016 Oct 27, 2016 Oct 27, 2016 $0.0100 0.0752%
3 Oct 28, 2015 Oct 28, 2015 Oct 28, 2015 $0.0100 0.0890%
4 Oct 29, 2014 Oct 29, 2014 Oct 29, 2014 $0.0100 0.0812%
5 Oct 29, 2013 Oct 29, 2013 Oct 29, 2013 $0.0100 0.0659%

FAQ

What is the symbol for Central Fund of Canada Ltd Stock and on which exchange is it traded?
The symbol for Central Fund of Canada Ltd is CEF and it is traded on the NYSEMKT (NYSE American).

Should I buy or sell Central Fund of Canada Ltd Stock?
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 Central Fund of Canada Ltd stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Central Fund of Canada Ltd Stock?
Central Fund of Canada Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Central Fund of Canada Ltd Stock.

What's the current price of Central Fund of Canada Ltd Stock?
As of the end of day on the 2024-03-27, the price of an Central Fund of Canada Ltd (CEF) share was $20.07.

What is the 52-week high and low for Central Fund of Canada Ltd Stock?
The 52-week high for Central Fund of Canada Ltd Stock is $20.37 and the 52-week low is $16.73.

What is the market capitalization of Central Fund of Canada Ltd Stock?
As of the 2024-03-27, the market capitalization of Central Fund of Canada Ltd is 4.111B.
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About Central Fund of Canada Ltd

Sprott Physical Gold and Silver Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in commodity markets. It invests in London Good Delivery physical gold and silver bullion. Sprott Physical Gold and Silver Trust was formed on October 26, 2017 and is domiciled in Canada.... CEF Profile

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