Calamos Dynamic Convertible & Income Stock Forecast

Stronger technical forecast for Calamos Dynamic Convertible & Income stock price after Thursday trading.
(Updated on Apr 18, 2024)

CCD Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.06%. 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. The Calamos Dynamic Convertible & Income 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 $21.17 and $21.74. 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).

Support, Risk & Stop-loss for Calamos Dynamic Convertible & Income stock

Calamos Dynamic Convertible & Income finds support from accumulated volume at $20.90 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 $0.269 (1.29%) between high and low. For the last week, the stock has had daily average volatility of 1.72%.

Our recommended stop-loss: $19.71 (-5.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (CCD) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Calamos Dynamic Convertible & Income Fund to open at $20.94, and during the day (based on 14 day Average True Range), to move between $20.60 and $21.30, which gives a possible trading interval of +/-$0.355 (+/-1.69%) up or down from last closing price. If Calamos Dynamic Convertible & Income Fund takes out the full calculated possible swing range there will be an estimated 3.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $20.90 (0.24%) than the resistance at $21.39 (2.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Calamos Dynamic Convertible & Income Fund stock A Buy?

Calamos Dynamic Convertible & Income 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.144 Hold/Accumulate Upgraded

Predicted Opening Price for Calamos Dynamic Convertible & Income Fund of Friday, April 19, 2024

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