Central Europe Russia and Turkey Fund Stock Forecast
Central Europe Russia and Turkey Fund stock price ended at $9.49 on Friday, after gaining 0.423%.
(Updated on Apr 19, 2024)
The Central Europe Russia and Turkey Fund stock price gained 0.423% on the last trading day (Friday, 19th Apr 2024), rising from $9.45 to $9.49. During the last trading day the stock fluctuated 2.80% from a day low at $9.46 to a day high of $9.73. The price has been going up and down for this period, and there has been a -1.76% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 19 thousand more shares were traded than the day before. In total, 24 thousand shares were bought and sold for approximately $226.06 thousand.
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 $9.09 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.
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CEE Signals & Forecast
There are mixed signals in the stock today. The Central Europe Russia and Turkey Fund 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 $9.57 and $9.60. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.423%. 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). Central Europe Russia and Turkey Fund 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.
Support, Risk & Stop-loss for Central Europe Russia and Turkey Fund stock
Central Europe Russia and Turkey Fund finds support from accumulated volume at $9.47 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 $0.265 between high and low, or 2.80%. For the last week the stock has had daily average volatility of 1.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CEE) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Central Europe Russia and Turkey Fund Inc (The) to open at $9.56, and during the day (based on 14 day Average True Range), to move between $9.28 and $9.70, which gives a possible trading interval of +/-$0.210 (+/-2.22%) 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 4.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $9.47 (0.21%) than the resistance at $9.59 (1.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Central Europe Russia and Turkey Fund Inc (The) stock A Buy?
Central Europe Russia and Turkey Fund 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.
Current score: -1.940 Sell Candidate Unchanged
Predicted Opening Price for Central Europe Russia and Turkey Fund Inc (The) of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $9.56 ( 0.720%) | $9.49 |
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 | 9.82 | 3.51 % | |
| R2 | 9.72 | 2.45 % | ||
| R1 | 9.66 | 1.79 % | ||
| Current price: | 9.49 | |||
| Support | S1 | 9.46 | -0.347 % | |
| S2 | 9.39 | -1.01 % | ||
| S3 | 9.29 | -2.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.62 | 1.37 % | |
| R2 | 9.60 | 1.16 % | ||
| R1 | 9.59 | 1.05 % | ||
| Current price | 9.49 | |||
| Support | S1 | 9.47 | -0.211% | |
| S2 | 9.45 | -0.421% | ||
| S3 | 9.31 | -1.90% |
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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