Central Europe Russia and Turkey Fund Stock Forecast
Green day on Wednesday for Central Europe Russia and Turkey Fund stock after gaining 0.412%
(Updated on Apr 24, 2024)
The Central Europe Russia and Turkey Fund stock price gained 0.412% on the last trading day (Wednesday, 24th Apr 2024), rising from $9.71 to $9.75. During the last trading day the stock fluctuated 1.56% from a day low at $9.64 to a day high of $9.79. The price has fallen in 6 of the last 10 days and is down by -1.61% for this period. Volume fell on the last day by -695 shares and in total, 21 thousand shares were bought and sold for approximately $209.21 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 stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Central Europe Russia and Turkey Fund stock with a 90% probability to be traded between $9.10 and $9.72 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CEE Signals & Forecast
The Central Europe Russia and Turkey Fund 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 $9.61 and $9.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.17%. Further rise is indicated until a new top pivot has been found. 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. 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 also not.
Support, Risk & Stop-loss for Central Europe Russia and Turkey Fund stock
Central Europe Russia and Turkey Fund finds support from accumulated volume at $9.62 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 $0.150 between high and low, or 1.56%. For the last week the stock has had daily average volatility of 2.31%
Our recommended stop-loss: $9.32 (-4.36%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (CEE) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Central Europe Russia and Turkey Fund Inc (The) to open at $9.73, and during the day (based on 14 day Average True Range), to move between $9.54 and $9.96, which gives a possible trading interval of +/-$0.213 (+/-2.19%) up or down from last closing price. If Central Europe Russia and Turkey Fund Inc (The) takes out the full calculated possible swing range there will be an estimated 4.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $9.76 (0.10%) than the support at $9.62 (1.33%), 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 Central Europe Russia and Turkey Fund Inc (The) stock A Buy?
Central Europe Russia and Turkey Fund holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.352 Hold/Accumulate Unchanged
Predicted Opening Price for Central Europe Russia and Turkey Fund Inc (The) of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $9.73 ( 0.239%) | $9.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.88 | 1.30 % | |
| R2 | 9.82 | 0.712 % | ||
| R1 | 9.78 | 0.349 % | ||
| Current price: | 9.75 | |||
| Support | S1 | 9.67 | -0.83 % | |
| S2 | 9.63 | -1.19 % | ||
| S3 | 9.58 | -1.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.88 | 1.33 % | |
| R2 | 9.81 | 0.615 % | ||
| R1 | 9.76 | 0.103 % | ||
| Current price | 9.75 | |||
| Support | S1 | 9.62 | -1.33% | |
| S2 | 9.49 | -2.67% | ||
| S3 | 9.47 | -2.87% |
CEE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2023 | Dec 28, 2023 | Jan 26, 2024 | $0.239 | 2.46% |
| 2 | Dec 20, 2022 | Dec 29, 2022 | Jan 30, 2019 | $0.239 | 0.98% |
| 3 | Dec 22, 2021 | Dec 29, 2021 | Jan 28, 2022 | $0.95 | 4.10% |
| 4 | Dec 21, 2020 | Dec 29, 2020 | Jan 28, 2021 | $0.92 | 3.86% |
| 5 | Dec 23, 2019 | Dec 27, 2019 | Jan 30, 2020 | $1.46 | 5.28% |
FAQ
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