Calamos Dynamic Convertible & Income Stock Forecast
Calamos Dynamic Convertible & Income stock price ended at $22.15 on Wednesday, after gaining 0.636%.
(Updated on May 01, 2024)
The Calamos Dynamic Convertible & Income stock price gained 0.636% on the last trading day (Wednesday, 1st May 2024), rising from $22.01 to $22.15. During the last trading day the stock fluctuated 1.94% from a day low at $21.91 to a day high of $22.34. The price has risen in 8 of the last 10 days and is up by 6.13% over the past 2 weeks. Volume fell on the last day by -28 thousand shares and in total, 47 thousand shares were bought and sold for approximately $1.04 million. 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 lies in the middle of a wide and 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 2.69% during the next 3 months and, with a 90% probability hold a price between $21.40 and $23.74 at the end of this 3-month period.
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CCD Signals & Forecast
The Calamos Dynamic Convertible & Income 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 $21.98 and $21.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 6.85%. 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 Calamos Dynamic Convertible & Income stock
Calamos Dynamic Convertible & Income finds support from accumulated volume at $21.84 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 controlled movements and therefore the general risk is considered 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 $0.425 between high and low, or 1.94%. For the last week the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: $21.23 (-4.17%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (CCD) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Calamos Dynamic Convertible & Income Fund to open at $22.13, and during the day (based on 14 day Average True Range), to move between $21.82 and $22.48, which gives a possible trading interval of +/-$0.332 (+/-1.50%) 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 3.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $22.39 (1.08%) than the support at $21.84 (1.40%), 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 Calamos Dynamic Convertible & Income Fund 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 Calamos Dynamic Convertible & Income stock to perform well in the short-term.
Current score: 3.135 Buy Candidate Unchanged
Predicted Opening Price for Calamos Dynamic Convertible & Income Fund of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $22.13 ( 0.0828%) | $22.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CCD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.56 | 1.84 % | |
| R2 | 22.39 | 1.10 % | ||
| R1 | 22.29 | 0.650 % | ||
| Current price: | 22.15 | |||
| Support | S1 | 21.97 | -0.82 % | |
| S2 | 21.87 | -1.27 % | ||
| S3 | 21.71 | -2.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22.76 | 2.75 % | |
| R2 | 22.42 | 1.22 % | ||
| R1 | 22.39 | 1.08 % | ||
| Current price | 22.15 | |||
| Support | S1 | 21.84 | -1.40% | |
| S2 | 21.53 | -2.80% | ||
| S3 | 21.39 | -3.43% |
CCD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 11, 2024 | Apr 19, 2024 | $0.195 | 0.92% |
| 2 | Mar 13, 2024 | Mar 13, 2024 | Mar 21, 2024 | $0.195 | 0.87% |
| 3 | Feb 01, 2024 | Feb 09, 2024 | Feb 20, 2024 | $0.195 | 0.92% |
| 4 | Dec 18, 2023 | Dec 28, 2023 | Jan 11, 2024 | $0.195 | 0.99% |
| 5 | Dec 01, 2023 | Dec 11, 2023 | Dec 18, 2023 | $0.195 | 0.98% |
FAQ
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