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Calamos Dynamic Convertible & Income Fund Forecast NASDAQ:CCD

$30.34 (0.43%)

Volume: 94k

Closed: Dec 08, 2021

Hollow Logo Score: 0.961

Calamos Dynamic Convertible & Income Fund Forecast

$30.34 (0.43%)

Volume: 94k

Closed: Dec 08, 2021

Score Hollow Logo 0.961
Which way will CCD go? Request

CCD Fund Risk

This fund has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the fund moved $0.61 between high and low, or 2.04%. For the last week, the fund has had a daily average volatility of 2.57%.

Our recommended stop-loss: $28.68 (-5.47%) (This fund has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 22 and the fund is currently not being overbought or oversold

Calamos Dynamic Convertible & Income fund price ended on $30.34 on Wednesday after gaining 0.43%
(Updated on Dec 08, 2021)


Hold candidate since 2021-12-06 Gain 3.02%

The Calamos Dynamic Convertible & Income fund price gained 0.43% on the last trading day (Wednesday, 8th Dec 2021), rising from $30.21 to $30.34. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the fund fluctuated 2.04% from a day low at $29.90 to a day high of $30.51. The price has fallen in 7 of the last 10 days and is down by -4.86% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 44 thousand more shares were traded than the day before. In total, 94 thousand shares were bought and sold for approximately $2.87 million.

The fund is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Calamos Dynamic Convertible & Income fund with a 90% probability to be traded between $29.63 and $33.70 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 funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, December 03, 2021, and so far it has risen 3.20%. 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 fund holds a buy signal from the short-term moving average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the fund giving a more negative forecast for the stock. On further gains, the fund will meet resistance from the long-term moving average at $32.06. On a fall, the fund will find some support from the short-term average at $29.95. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Calamos Dynamic Convertible & Income finds support from accumulated volume at $30.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This fund has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the fund moved $0.61 between high and low, or 2.04%. For the last week, the fund has had a daily average volatility of 2.57%.

Our recommended stop-loss: $28.68 (-5.47%) (This fund has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)

Is Calamos Dynamic Convertible & Income Fund fund A Buy?

Calamos Dynamic Convertible & Income 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: 0.961

Predicted Opening Price for Calamos Dynamic Convertible & Income Fund of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$30.25 $30.34 (Overvalued)
Hold/Accumulate Unchanged

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Volatility and Risk
Daily Average Volatility: 2.57 %
Overall Risk: Very High High Medium Low Very Low
Volatility
2.57 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $30.44
Price: $30.34
Support: $30.17

CCD Insider Trading Show all Trades

INSIDER POWER

1 197.708

Last 100 transactions
Buy: 120 906 | Sell: 101 (Shares)
Date Action Amount Person Type
Dec 18, 2020 Buy 500 Mickey Mark Common Stock
Dec 19, 2019 Sell 100 Tripple David D Common Stock
Jul 24, 2019 Sell 0 Calamos John P Sr Common Stock
Jul 22, 2019 Sell 1 Calamos John P Sr Common Stock
Jul 01, 2019 Buy 77 581 Calamos John P Sr Common Stock
Show all Insider Trades
INSIDER POWER

1 197.708

Last 100 transactions
Buy: 120 906 | Sell: 101 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 30.86 1.71 %
30.63 0.95 %
30.48 0.47 %
Current price: 30.34
Support 30.02 -1.06 %
29.87 -1.54 %
29.64 -2.31 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 32.08 5.74 %
31.17 2.74 %
30.44 0.33 %
Current price 30.34
Support 30.17 -0.56%
29.82 -1.71%
29.45 -2.93%

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