Dreyfus Municipal Bond Infrastructure Stock Forecast

Weaker technical forecast for Dreyfus Municipal Bond Infrastructure as stock downgraded to Sell Candidate.
(Updated on May 17, 2024)

DMB Signals & Forecast

The Dreyfus Municipal Bond Infrastructure 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 $10.27 and $10.13. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Dreyfus Municipal Bond Infrastructure has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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, May 15, 2024, and so far it has fallen -0.146%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Dreyfus Municipal Bond Infrastructure stock

Dreyfus Municipal Bond Infrastructure finds support from accumulated volume at $10.26 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0300 between high and low, or 0.292%. For the last week the stock has had daily average volatility of 0.361%.

The Dreyfus Municipal Bond Infrastructure stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (DMB) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Dreyfus Municipal Bond Infrastructure Fund Inc to open at $10.28, and during the day (based on 14 day Average True Range), to move between $10.22 and $10.33, which gives a possible trading interval of +/-$0.0538 (+/-0.52%) up or down from last closing price. If Dreyfus Municipal Bond Infrastructure Fund Inc takes out the full calculated possible swing range there will be an estimated 1.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $10.29 (0.15%) than the support at $10.26 (0.15%), 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 Dreyfus Municipal Bond Infrastructure Fund Inc stock A Buy?

Dreyfus Municipal Bond Infrastructure holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.258 Sell Candidate Downgraded

Predicted Opening Price for Dreyfus Municipal Bond Infrastructure Fund Inc of Monday, May 20, 2024

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